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%.
One thousand recent car buyers were asked a series of questions about the online motor finance process* – with 87% saying it was fair and transparent, 82% that they felt in control and 85% that they were given sufficient information which explained the available finance products.
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.
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.
Growth was again driven by fleet investment, up 29.6% as the sector continues to recover following the constrained supply of previous years. Registrations by private buyers fell by 7.7%, with a challenging economic backdrop of low growth, weak consumer confidence and high interest rates. The small business registration segment, meanwhile, declined 8.0%.
In the past month, we have reached a point where there are a million EVs on UK roads and, while this is still a small percentage of the overall car parc, it also shows they are becoming a normal part of the used market.
Part exchanges have traditionally been something of a problem area for dealers who want to offer a complete online car journey. While there are a number of methods available of handling them, there is currently no uniformly accepted solution that works well for dealer and for consumer.
SOME Car dealers don’t quite grasp the distinction between ‘a digital strategy’ and ‘a business strategy for a digital world’, according to the boss of one of the UK’s leading dealer groups. Jason Cranswick, Managing Director of Norton Way Motors, stressed that the latter of the two approaches is by far the best option if dealers are to make [...]
Speaking about recent attitudes to EV adoption from the perspective of manufacturers and customers, the digital garage’s Founder and Chief Executive was a significant contributor to Cox Automotive’s latest Insight Report. He thinks the ICE vehicle ban deadline change along with other factors, including the ZEV mandate, had caused a pronounced shift in the sector.
Called Dealer Showroom, it is designed to be used when a consumer has approached a dealer looking for a specific car, van or truck and a matching vehicle is available on epyx’s 1link Trade Buyer platform.
