August 31, 2015

Used cars still on the march

The March used car market shows no signs of slowing down, in fact according to our sources around the country if anything - as stock levels decline and demand grows - prices are actually rising. … [Read more...]

Depreciation, depreciation, depreciation

In November 2006 MTI went shopping. We spent a not inconsiderable £350,750 on 18 brand new cars ranging from the popular Mini Cooper to the not so popular Renault Laguna. We thought it might be interesting, after the sharp … [Read more...]

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

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...]

Some positives from 2008 and here’s to a brighter 2009

As we welcome in 2009 and wave a not so fond farewell to 2008 we can reflect on what has been a roller coaster ride in the car trade. There has not really been a day when any good or positive news has been announced. … [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...]

Confidence in used cars

I would like to share some stats with you about the reality of buying used cars in Britain today and maybe it could instill more confidence when making that next choice. Although used car sales fell to 7.1 million in 2007 UK drivers still spent a staggering £33.3 billion on used cars making it the 2nd highest figure ever recorded! … [Read more...]

Oil burners no longer VFM?

THE difference in price between petrol and diesel means buyers can no longer assume that oil-burners offer better value for money. That's the findings of Parkers, the independent used car value experts. … [Read more...]

Motor retailers’ share prices take a hit

Share values of motor retailers listed on the London Stock Exchange took a hit this morning, a day after Pendragon's gloomy statement and revelations of its redundancy programme. Within two hours of the market opening, share prices began to slide for all dealers except HR Owen and Caffyns. Lookers dropped 4.9%, Pendragon 5%, Vertu Motors … [Read more...]