Marketing Delivery appoints former Lookers’ exec to support growth 

April 17th, 2024|

With over 15 years of automotive retail experience, Glasgow-based Gerber brings a wealth of knowledge and insight into how marketing solutions can benefit retailers within the industry. She joined Taggarts – part of Lookers Motor Group – in 2008 as Group Marketing Manager, later advancing to Divisional Marketing Manager in 2014 where she oversaw a diverse range of volume and prestige brands.

Evolving wholesale network sees record-breaking quarter for LCV arrivals

April 15th, 2024|

Overall average selling prices remained stable in the LCV sector but price re-alignments across Euro 6 LWB product was evident. The average selling price over the quarter was £8,766, a year-on-year reduction of 3.2% (or £287). A change in age dynamics was very evident in Q1, according to Manheim’s figures. At 64 months, the average is a full 11 months younger than the same period in 2023. On the flip side, overall return mileages remain high at 82,056, 166 more than the 2023 average.

White paper shows used BEV and ICE cars reaching price parity

April 15th, 2024|

INDICATA white paper shows prices of used BEVs peaking in Q3 2022 where demand and the chip shortage weakened supply. But then prices fell as OEMs pushed discounted new and nearly new used BEVs into the market which coincided with rising volumes of two and three-year ex-PCP, leasing and salary sacrifice BEVs. This caused prices to crash by over 30%.

NFDA’s Dealer Attitude Survey reveals concerns around EV’s

April 11th, 2024|

Dealer satisfaction levels for battery electric vehicles currently offered by manufacturers received a 0.2 increase to 6.1 from 5.9 in the Summer 2023 edition, equating to a 3.4% change. Comments submitted by dealers alongside ratings suggested concerns from dealers included the lack of product offering (35%) and product quality (15%).

Young drivers increasingly favour leasing

April 10th, 2024|

The shift towards leasing is especially evident in the electric vehicle (EV) market. With the looming phase-out of traditional petrol and diesel cars, drivers are eager to explore EVs without committing to long-term ownership. Leasing allows them to enjoy the benefits without worrying about battery issues, as they can easily switch to a new EV at the end of their contract.

Vehicle finance volumes grow

April 10th, 2024|

The consumer new car finance market reported new business by value in February 4% higher than in the same month in 2023, while new business volumes fell by 5%.  In the first two months of 2024, new business volumes in this market were 12% lower than in the same period in 2023. 

White choice – Nissan Leaf Shiro

April 9th, 2024|

Shiro is Japanese for white and accordingly comes with Arctic White paint as standard. This new variant is available with optional Spare Wheel Pack and two-tone paint (Storm White with a Pearl Black roof). Staying true to the Leaf's roots as the original affordable mass-market electric family car, the Shiro comes with over £1,000 worth of benefits for £28,495, £2,000 less than the N-Connecta on which it is based.

Latest survey shows improving relations between manufacturers and dealers

April 8th, 2024|

Average score for the question ‘How do you rate your manufacturer overall?’ leapt from 5.8 out of 10 six months ago to 6.4 with Kia and Mini shared top honours, scoring 9.2. The eight Stellantis brands combined average score was up from 2.6 in October 2023 to 5.3 in April although JLR did not fare so well with Jaguar in last place with a score of 2.9. Land Rover was the second fastest falling brand.

Driving Digital 2024 – NFDA announces speaker line-up

April 4th, 2024|

Speakers at Driving Digital 2024: The Dealership of the Future are Graeme Potts, CEO of Eden Motor Group; Dale Wyatt, director of Suzuki GB; Mark Busby, commercial director of Hendy Group; Owen Edwards, automotive business consultant at Grant Thornton; Ian Plummer, commercial director of Auto Trader; and Neil Addley, managing director of JudgeService.

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