Car Buying Guide
With car dealers all chasing the same kind of stock at present prices are remaining high and bargains are hard to come by. That’s not the same if you are buying new or nearly new where it has to be said there is definitely some tremendous value. In addition, if you are shopping on a monthly payment, some of the manufacturer’s incentives are … [Read more...]
The film "Car Men" is scheduled to make its online premiere following the success of its limited-run U.S. theatrical premiere in November. At a recent press conference, Frank Myers Auto Maxx announced that Celebrity Films will host the free online world premiere of the film "Car Men". The documentary, which features two North Carolina car … [Read more...]
Profits have more than doubled at Volkswagen after the German manufacturer delivered a record number of vehicles last year. VW reported a net profit of 15.8bn euros (£13.4bn; $21.2bn) for 2011, compared with 7.2bn euros in 2010, delivering more than 8.2 million vehicles, up nearly 15% on 2010. The company plans to spend 62bn euros on new … [Read more...]
There are gaps appearing on forecourts as dealers struggle to source the right kind of stock which they can sell on for prices which remain attractive to buyers, whilst at the same time do not further erode profits which have been under pressure for some time. The conundrum facing dealers is that they know what sells and what doesn’t sell but … [Read more...]
With the ongoing (and often heated) car servicing debate still a hot topic it appears that many rental companies are shunning the main dealer service depts. and using their own in house facilities to save money. Perhaps more tellingly this is not having a dramatic effect on the resale values as ex-daily rental cars make up a significant percentage … [Read more...]
The trends in car buying have changed considerably over the last 30 years as people’s needs and wants alter. During the 80s, there was a high demand for family saloons, but now larger Ford cars like the Mondeo have decreased considerably in popularity. People are opting for smaller models or more specialist vehicles which have enhanced features … [Read more...]
We are always talking about the ebb and flow of the motor trade and how seasonal adjustments can directly affect people’s buying habits. We also know that these same seasonalities drive how much car buyers are likely to have to pay as a result of making a buying decision at the right or indeed the wrong time. It is interesting to note that in … [Read more...]
UK car manufacturing surged in January, rising 15.6% on a year ago and hitting a 16 month high, according to the Society of Motor Manufacturers and Traders. Production for the domestic market grew faster than production for the export market, rising 31.6% on the year compared with 12.9% for export production. The bulk of UK car manufacturing is … [Read more...]
US car manufacturing giant General Motors has announced record profits for 2011 but unveiled huge losses in its European operations. GM made a profit of $7.6bn (£4.85bn) last year, an increase of 62% on 2010. However, it lost $700m in Europe, which includes its UK Vauxhall plants in Ellesmere Port and Luton, and made a $100m loss in South … [Read more...]
It is a common perception that customers have become more demanding, both in their expectation of customer service and how much they expect to pay for that service and the attached products. Competition has never been greater and, as we can see by the shocking causalities on the high street, no business can afford to rest on its laurels. … [Read more...]
The challenge facing franchised car dealers this year is to establish alternative profit centres during what is likely to be an even tougher year than the last. Although first reports are that many dealers reached their targets in January with the new car market very slightly up on last year, they are nevertheless cautious about prospects for the … [Read more...]
Today, more and more women are writing different types of motorbikes or even scooters. In fact some analysts suggest that 20% of all new bike riders are females. With more and more women riding bikes, there are also more women seeking insurance for those bikes. This provides a special situation for insurance companies to tailor policies for … [Read more...]
The range of M-series cars manufactured by BMW have developed a good reputation thanks to their ability to provide drivers with excellent performance levels and road handling, without sacrificing anything in the way of comfort or safety and with this – the fifth generation M5 model – BMW is claiming that they have provided an enhanced level of … [Read more...]
After your house, the car in your life is more than likely the second most expensive thing you will ever get to buy. Thus when it comes to the time you want to upgrade / change it, getting the very best money for it becomes very important. There is always the option to trade in of course, and a large number of people indeed choose that route, … [Read more...]
Despite the fact that buyers will often receive significantly less than the original offer, online car buying sites are still buying cars by the bucket load from the private sector everyday and selling them on through the trade for significant profits. The emergence of these operations has been one of the biggest changes in the car industry in … [Read more...]
The debate around main dealer servicing continues with many in the trade insistent that the value of a car is directly affected by its provenance and will de-value if the service schedule is not from the franchise which represents the brand in question. We have often put this topic out there for debate and as always there are differing opinions. … [Read more...]
A new year and a brand new competition. It’s time once more for the Car Makers Premier League where each and every month we examine the top 20 manufacturers by number of units registered and see just how they look when compared with the previous month. At the end of the year who will be crowned champion? Who will drop out of the top 20 as the … [Read more...]
January 2012 new car registration figures: New car registrations were marginally up 0.03% in January according to the latest figures released today by the SMMT. 128,853 cars were registered in the month, with the market 0.03% or 42 units up on January 2011 (which was down 11.5% on January 2010). “The January new car market held firm with … [Read more...]
With our plans afoot (albeit fictitious), about resurrecting and running SAAB, the Geneva Motor Show in March would be a perfect platform to announce our future plans. In the meantime..... The Paragon Automotive board have already been reading through documents that detail the buy-out offer for SAAB. Our first plan is to pay the 100 million … [Read more...]
Car retailers are constantly looking at ways of improving the service they provide to their customers but also the perception of how people view the motor trade in general. The old adage is that if you have a good experience you may tell a few people, but if you have a bad one you tell everyone and with the growth of social networks it is perhaps … [Read more...]
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