February 4, 2012

Used car prices starting to heat up

Well things are really heating up out there. Despite there being an awful lot of doom and gloom car dealers are generally reporting some truly great numbers. One sales manager has described this month as the success that January could and should have been, with many dealers in the worst hit areas saying that the bad weather in January may have … [Read more...]

Profits could be in the detailing for car dealers

There is no doubt that car dealers in the coming years (make that months) will be looking even harder for extra income streams and profit opportunities. Ten years ago we would really only have had the metal, perhaps some finance and payment protection - which due to some high profile miss-selling cases has been somewhat discredited in the eyes of … [Read more...]

BBC – Behind with the news

Shock horror, the BBC and other ‘news’ outlets have suddenly realised that used car prices are on the increase, well welcome to our world! MTI has been saying this since around March. No doubt all the spokesman … [Read more...]

Sorting out the lookers from the buyers

With the current situation facing franchised dealers in the UK, courting every customer is of paramount importance. As we have reported recently many dealershave told of increased showroomfootfall and … [Read more...]

Nobody wants our cars – so let’s raise the price!

Incredible as it may seem given the state of new car sales in the UK, new car prices are set to rise within the next few weeks by an average of 5-6%. The main reason for this, according to most commentators … [Read more...]

Inside the car auction – let the bidding commence

car-auction

The car auction is one of the few ‘open cry’ markets that are left, gone are the days of the city bear pits where stocks were traded by young men screaming orders across an already noisy and seemingly disordered forum. … [Read more...]

Used car dealers and auctions on the crest of a wave

crest-of-a-wave

They are on a roll! Franchised dealers, independent and the auction houses are reporting record sales. The auctions we visited were so busy they were parking 3 deep on the surrounding roads and the girls in the canteen … [Read more...]

Used car outlook for 2009 – a traders view

outlook

To say that 2009 will be a tough year for the motor trade is an understatement at the very least, we can already hear the caution being expressed by franchised dealerships on new vehicle sales for the forthcoming year … [Read more...]

Advantage may swing back to the independents

independent

In difficult times the more entrepreneurial amongst us will look for that niche that will bring success whilst the rest of the world worries about what’s gone by. In uncertain times we can be all be certain of one thing; somewhere … [Read more...]

More good news – but let’s not get carried away

good-news-question-mark

Reports from the front line tell us that retail activity between Christmas and the New Year has been fairly brisk but this has differed by region. Customers have definitely been attracted by the SALE signs which have been much … [Read more...]

Car buying – the road ahead, lean, keen, green

road-ahead

Most of the brains in suits will tell you that the current economic crisis will carry on through until at least the end of 2009, which is a rather sobering thought. How will this affect business in the motor trade? … [Read more...]

Time to cut the motor trade some slack?

gb_beg

Reading the news item "Vehicle traders call for action as slump goes on" it is certainly consistent with what we at MTI have been saying for a long while, if the government are happy to borrow their way out of this downturn then some of it should go towards the beleaguered car sector. … [Read more...]

Used car buyers favouring private sales

Consumers are increasingly choosing to buy used cars privately rather than from a dealer. According to Exchange and Mart, car buyers are 11% more likely to bypass a dealer when buying a used car than three years ago. … [Read more...]

Motorpoint launches fee-free auction website

Motorpoint is launching a fee-free car auction website for independent car dealers only. Auction4cars.com show 350-400 cars at any one time and cars sold will not be subject to a buyer’s fee. The car supermarket said hundreds of dealers have already signed up. … [Read more...]