Your friend in the trade
What is depreciation? To some people the depreciation in value a car suffers during their ownership is notional at best. Outside of the trade do many people really care all that much about the depreciation their car has suffered and the ultimate resale value? Well if the popularity of car buying sites such as webuyanycar.com and … [Read more...]
It’s a funny thing in the motor trade, customers are increasingly wondering why they are not getting the treatment they deserve for what is probably one of the largest financial investments they will ever make. Each week we hear of customers who are wandering around showrooms and no one is acknowledging their existence, let alone attempting to … [Read more...]
The fact that there are CEO’s all over the world that have collected fat cat bonuses and built up massive pension pots should not surprise us. What is shocking to the core, however, is that these clever people … [Read more...]
The governments much heralded “automotive assistance programme” which was launched in January has yet to dispense a single penny in “assistance” to anyone. The programme is supposed to give … [Read more...]
General motors boss Rick Wagoner yesterday defied calls for his resignation from the ailing US car giant. He faced hundreds of protesters at the Detroit motor show. Wagoner has come under intense pressure over GM’s financial crisis. “I’ve no plans to go anywhere” Wagoner insisted. His comments came as GM threw a jobs lifeline to its 4000 … [Read more...]
The Auto Retail Industry Salary Survey 2009 has been released and it makes gloomy reading for the motor trade rank and file. The report published by Trend Tracker tells us that 25% of franchised dealers did not increase pay for their staff between 2007 and 2008. … [Read more...]
More good news (of sorts). We hear that the Finance and Leasing Association confirms that that point of sale dealer finance has been rising for several months. As pointed out in an article on Talking Motors it appears customers still in the market for cars are no longer being bombarded with cheap credit offers and are still finding it difficult to … [Read more...]
With General Motors being the biggest (at the moment) car manufacturer in the world it’s embarrassing for them all. However if they are not assisted they will potentially run out of money by mid 2009, meaning an absolute catastrophe for the global motor business and tens of thousands of job losses worldwide. If the banks who started this hideous … [Read more...]
A debate has begun in the USA regarding the impending bail-out of their beleagured motor industry. The American Institute of Economic Research is of the opinion that this may not be such a good idea. … [Read more...]
Our man inside the factory is reporting tough times on the production lines with output slowed to an all time low in some places. Four day weeks are becoming commonplace as production is down by up to a half. There is doom and gloom on the front line … [Read more...]
“It’s tough out there” is probably the understatement of the year and by the time you read this yet more car dealerships will have gone under. It is predicted that in the not too distant future there will be far fewer dealers anyway as manufacturers continue to impose … [Read more...]
Thank God, some sort of order has returned to the country. In the face of job losses, house price depreciation, high fuel costs, house repossessions, the credit crunch and the banking crisis it’s good to know that the headlines … [Read more...]
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