Motor Trade News delivers crucial news and reports for both the franchise and non-franchise UK Motor car dealer network.

Breez and BookMyGarage team up to save on annual MOT costs   

By |2023-11-28T18:38:43+00:00November 29th, 2023|Aftermarket and workshop, News|

Each year, UK consumers spend over £1.5 billion on MOTs, which are mandatory for most vehicles over three years old.  BookMyGarage users will be able to choose from a network of thousands of garages nationwide. In addition, those who have a monthly subscription to Breez+ will receive a £30 cashback once they have booked and completed their MOT.

Vertu teams up with cap hpi to manage risk

By |2023-11-29T09:19:10+00:00November 29th, 2023|News, Used cars|

Daily Movement Report provides dealership groups with a comprehensive view of the market. It offers supplementary information to cap live product. The vehicle data is compiled using extensive real-world trade and retail data from across the industry, which is analysed by an expert team. Users can review the market by sector, manufacturer, vehicle size and fuel type.

EVs are fastest-selling used cars as tactical registrations could impact used prices

By |2023-11-30T12:05:10+00:00November 29th, 2023|News, Used cars|

Report shows used BEVs now have a Market Days’ Supply (MDS) of 52 days which is behind petrol cars at 46 days and hybrids at 53 days. Market Days’ Supply is derived from dividing the currently available supply of inventory by the average daily retail sales rate over the past 45 days. The UK continues to have the lowest EV MDS in Europe, well ahead of the European average of 85 days.

More buyers likely to stay with petrol or diesel

By |2023-11-28T18:33:30+00:00November 28th, 2023|Dealer Insights, News|

Startline’s November Used Car Tracker also shows that 29% believe the move will mean the used electric vehicle (EV) market will take longer to develop while 19% forecast that consumer demand for EVs will fall. Additionally, 24% of dealers now believe it is more likely that motorists will buy a hybrid as a stepping stone to full electrification while 20% believe that EV prices will fall further in addition to recent reductions.

Testing times ahead – but motor trade’s legendary resilience will see it through

By |2023-11-28T16:14:17+00:00November 28th, 2023|Dealer Insights, News|

As we enter the tail end of the year, we’re starting to see a downturn in activity. Car prices are stagnating and dealers are being more cautious about what they buy. The Israel-Hamas conflict is exacerbating this, creating even more uncertainty in the market. Supply chain delays are also continuing to prove a challenge. In some cases, it can take dealers two months to get a car through their workshop and out on to the forecourt. In that time, they might see a 10% price drop which clearly affects their profit margin.

Parts availability and technician shortages improving in 2023

By |2023-11-28T15:50:01+00:00November 28th, 2023|Aftermarket and workshop, News|

r2c’s figures, based on more than 30,000 records across accident damage and unscheduled repairs, show that there has been a general improvement across the board when it comes to delays as a result of parts availability and shortage of labour – two issues that have plagued the SMR sector for the past few years.

Dealer groups introduce used car buying bans to protect cashflow

By |2023-11-28T15:07:22+00:00November 28th, 2023|Dealer Insights, News, Used cars|

Based on forecourt stocking interest rates rising in 2023 and with used prices falling sharply in the wholesale market dealer groups have introduced major buying restrictions or total bans. These have all contributed to a fall in conversion rates at auction just as used car volumes are starting to rise.

BMW Group UK enhances Roadside Assistance fleet upgrade

By |2023-11-24T10:45:30+00:00November 24th, 2023|News|

The new advanced vans replace an existing fleet of support cars and are better equipped to handle a wider range of roadside issues efficiently. The increased storage capabilities for spare parts, including emergency spare wheels, significantly increases the likelihood of completing repairs on the roadside. All vans have been equipped with the latest remote diagnosis systems, meaning that before arriving on location, technicians can where possible obtain the necessary spare parts to complete the repair.

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