Confusion continues to reign supreme in the offices of the professional trade guides. After Managing Editor of Glasses Guide, Adrian Rushmore, predicted that the used car market would start to stagnate in October due to seasonal downturns and falls in demand, and a better supply than in recent months (Trade guide claims used car prices have … [Read more...]
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Confusion reigns as used car prices continue to rise
Filed Under: Car Dealers, Consumer Tagged With: Car Dealers, Featured, glasses guide to car prices, motor trade recession, Used car, Used car buying, used car prices
The web and the changing world of car retailing
The world is changing, we can see it everywhere we look and a lot of that change is driven by our old friend the internet. We have already seen that traditional forms of advertising in newspapers, magazines and even TV … [Read more...]
Filed Under: Blog, Car Dealers, Consumer Tagged With: Car Dealers, customer service, graph, internet marketing, motor trade recession, new car buying, Used car, Used car buying
Used car market settling down but some prices still defy logic
I have been doing the rounds this week canvassing opinion on how the market is, where it is going and how it will end up and not surprisingly there have been some varied replies. at the auctions I visited … [Read more...]
Filed Under: Auctions, Blog, Car Dealers, Consumer Tagged With: Auctions, car auctions, Car Dealers, motor trade recession, profit, Scrappage, Used car, Used car buying, used car market 2010, usedcars market
Four by fortune favours the brave
As fuel prices rise steadily and the value of oil continues on an upward spiral as we climb out of recession, many commentators fear a collapse in the value of four wheel drive vehicles on the scale similar to those … [Read more...]
Filed Under: Blog, Car Dealers, Consumer, Environmental Tagged With: 20% vat, Car Dealers, car makers, car values, four wheel drive, motor trade recession, Scrappage, scrappage scheme ending, Used car buying
Profits on late plate used cars an endangered species
It’s funny how the summer seems to end so abruptly and as September starts the roads are again filling up with cars and we have to endure the inevitable traffic jams that go with them. This year though I have been quite … [Read more...]
Filed Under: Blog, Car Dealers, Consumer Tagged With: Auctions, Car Dealers, economy, motor trade recession, profit, Scrappage, Used car, Used car buying
New or used – it’s a tough decision
With the ever increasing rise in values of used cars this year, we have often highlighted the rapidly diminishing gap between a nearly new used car and a new one. At the end of 2008 and the beginning … [Read more...]
Filed Under: Blog, Car Dealers, Consumer Tagged With: Car Dealers, car makers, car sales, depreciation, motor trade recession, new car buying, new car registration, new car sales, Scrappage, Used car, Used car buying
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...]
Filed Under: Blog, Car Dealers, Consumer, Scrappage Tagged With: car buying, Car Dealers, car sales, car values, motor trade recession, new car buying, quentin wilson, Scrappage, Used car, Used car buying, used car prices
Things may get worse before they get better
Dealers, buoyed by the success of the scrappage scheme are becoming increasingly nervous about what happens when the money runs out. On first viewing the August figures look positively encouraging, but … [Read more...]
Filed Under: Blog, Car Dealers, Scrappage Tagged With: 20% vat, Car Dealers, car makers, motor trade recession, new car buying, new car registration, Scrappage, Used car, Used car buying
Scrappage – what happens next?
The scrappage clock is ticking and many dealers are becoming nervous about what happens when the incentive runs out of cash. There are of course the inevitable calls for an extension, and to be fair there’s no doubt the … [Read more...]
Small car equals small profits
One obvious effect of an economic downturn is that it nearly always leads to people looking harder to find bargains. Whether in their food shopping, household goods or indeed the cars they buy. … [Read more...]
Filed Under: Blog, Car Dealers, Consumer, Manufacturers Tagged With: Car Dealers, car makers, car manufacturers, economy, kia, motor trade recession, new car buying, profit, Scrappage, Used car buying
The 1000th article
If you check out our archives page you’ll see that this is MTIs 1000th article and it perhaps offers an appropriate time for some reflection. When you position yourself as a link between the buyer and the seller it … [Read more...]
Filed Under: Auctions, Blog, Car Dealers, Car Finance, Car Repairs, Consumer, Environmental, Manufacturers, Scrappage Tagged With: Car Dealers, car makers, car manufacturers, car sales, motor trade recession, new car buying, profit, Scrappage, Used car buying
Nissan, Mercedes and BMW doing well without scrappage
Just a bit of a “heads up” regarding the new car registration figures and the scrappage scheme. According to the SMMT the scrappage incentive accounted for 16,848 of the 67,006 new car registrations in August which in turn led to a shade under six percent rise year on year. Remove the scrappage cars, which are in the most part small, economical … [Read more...]
Filed Under: Blog, Manufacturers, Scrappage Tagged With: car makers, car manufacturers, car registration figures, how is bmw doing financially, kia, motor trade recession, new car registration, new car registration figures, Scrappage
New registrations bringing a smile back
Well it’s finally here and after the goodwill created by the scrappage scheme there will be many happy customers driving away in their shiny new 59 registered cars this month. From the feedback we are getting … [Read more...]
Filed Under: Blog, Car Dealers, Scrappage Tagged With: Car Dealers, jaguar registrations, motor trade recession, new car buying, profit, Scrappage, Used car, Used car buying
Why a buoyant supercar market could be good for everyone
"Europe will be out of the recession by early next year" one economic analyst said on Sky news last week, "Then Britain will follow shortly" he said. So are we really going to see an end to this dark period? … [Read more...]
Filed Under: Blog, Car Dealers, Consumer Tagged With: Car Dealers, car values, economy, motor trade recession, quentin wilson, Scrappage, supercar market, Used car buying, used cars
Used car values, auction fever and the appreciating asset
Whilst attending one of the many car auctions I get to attend on a weekly basis it was curious to be with the same faces saying the same things and generally experiencing a kind of Groundhog Day. I won’t bore … [Read more...]
Filed Under: Auctions, Blog, Car Dealers, Consumer Tagged With: auction car values, Auctions, Car Dealers, car values, motor trade recession, profit, Used car, Used car buying
No time to think of what might have been
Dealers are once again looking forward to new registration time, perhaps more than they could have reasonably been expected to a few short months ago. There certainly seems to be a feeling, in certain … [Read more...]
Filed Under: Blog, Car Dealers, Scrappage Tagged With: Car Dealers, car manufacturers, car sales, economy, motor trade recession, new car buying, Scrappage, Used car, Used car buying
Car dealers feeling more satisfied with their manufacturer
So far this year, the climate in car sales has been nowhere near as bleak as had been predicted at the tail end of last year. That’s not to say that there have not been widespread redundancies and costs have certainly … [Read more...]
Filed Under: Blog, Car Dealers, Manufacturers Tagged With: Car Dealers, car manufacturers, car sales, motor trade recession, new car buying, Scrappage, Used car, Used car buying
Tourists face car hire shortage
As we reorted last week (Motor trade recession may effect holiday car rentals) holidaymakers in parts of the UK and Europe are facing bigger bills for hire cars - or risk not getting one at all - due to a shortage of vehicles. Hire firms have not replaced fleets due to forecasts of fewer tourists, as well as difficulty accessing finance, … [Read more...]
Filed Under: Consumer, News Tagged With: motor trade recession
The choice is frightening but so is the profitability
Thanks to the power of the web consumers are better informed and savvier than ever. They are also feeling far more empowered when it comes to haggling on price and are more likely to compare before making … [Read more...]
Filed Under: Blog, Car Dealers, Consumer, Manufacturers, Scrappage Tagged With: buying a new car, Car Dealers, car manufacturers, car sales, graph, kia, motor trade recession, new car buying, profit, Scrappage, Used car
Is main dealer servicing cost effective?
In these hard times wherever you look along the high street, on-line or even in restaurants and supermarkets, there is a deal or an offer or a discount to be had and the motor trade is no different. … [Read more...]
Filed Under: Blog, Car Dealers, Car Repairs, Consumer Tagged With: bmw service costs main dealer, Car Dealers, car service, car service cost, economy, main dealer prices, main dealer servicing, motor trade recession, non dealer car servicing, Scrappage, toyota main dealer service warranty, trade in price with missing service stamps, used cars, what replacement parts do main dealers use
Remove scrappage sales and Chevrolet are run away leaders
The headline figure of 157,149 new car registrations in July was 2.4 percent up on 2008. A modest but nevertheless welcome result given 15 previous months of decline, even though as a whole 2009 … [Read more...]
Filed Under: Blog, Manufacturers, Scrappage Tagged With: car makers, kia, motor trade recession, new car buying, new car registration, new car sales, profit, Scrappage
Motor trade recession may effect holiday car rentals
Thankfully a credit crunch, recession or even, dare we say it, full blown depression will hopefully only happen a few times during the average person’s lifetime if we are lucky. In reality during an economic downturn, although … [Read more...]
Filed Under: Blog, Consumer, Manufacturers Tagged With: car sales, customer service, economy, how did the recession affect volkswagen, motor trade recession, profit, recessions effect on car industry, Scrappage, Used car, used cars
Auction houses doing good business as prices edge higher
Many trade commentators are saying that dealers looking to replenish used car stocks would be best served at the auctions. This may very well be true when it comes to choice but in terms of price it has been a source … [Read more...]
Filed Under: Auctions, Blog, Car Dealers, Consumer Tagged With: car auctions, Car Dealers, car values, motor trade recession, profit, Used car, Used car buying, used cars
Now is the time to buy but it’s a hard sell
There’s no doubt that car dealers are becoming increasingly frustrated trying to work out how the market is likely to pan out for the remainder of 2009. Buoyed by the half year surge in used car performance, and for some … [Read more...]
Filed Under: Blog, Car Dealers, Consumer Tagged With: Car Dealers, car sales, economy, motor trade recession, profit, Used car, Used car buying, used cars
Blue Laguna owner – Just why are Renault doing so badly?
Why is Renault struggling? In the UK particularly their performance of late has been nothing short of disastrous, despite the downturn. Putting the obvious gloomy economics aside Renault has had it hard over the … [Read more...]
Filed Under: Blog, Car Dealers, Consumer, Manufacturers Tagged With: 20% vat, automotive diagnostics software, car manufacturers, customer service, depreciation, economy, laguna 1.8 engine management light, laguna dcis, laguna mark 1 stop reset, motor trade recession, motor trader, profit, renault, renault laguna bad reputation, Used car, Used car buying, what is the fault on a scenic 2 dashboard
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