Vehicle values and prices set to fall by more than 10% in 2023

By |2023-10-24T09:10:18+01:00May 24th, 2023|Dealer Insights, News|

Latest research also asked dealers what they thought would be the biggest challenge facing them during the New Year. The cost of living crisis was the top response at 85%, followed by continuing poor vehicle supply (66%), stricter motor finance criteria (38%), reduced motor finance availability (32%) and demand for electric vehicles (26%).

Lower prices needed to attract people into used car market

By |2023-05-16T11:17:04+01:00May 19th, 2023|Dealer Insights, News|

Startline Used Car Tracker also looked at the impact of the current cost of living crisis on how people were buying used cars. Almost six out of 10 (58%) said they were much more conscious of monthly costs while 30% reported they had less money to use as a deposit and 21% that they were more likely to use their own savings.

Worsening personal finances drive car buyers back to dealerships

By |2023-04-11T08:55:34+01:00April 11th, 2023|Dealer Insights, News|

April’s Startline Used Car Tracker reports that 55% of people have become less likely to buy a car online because of pressure on personal finances with 31% preferring to view the vehicle in person and 17% intending to negotiate. Also, 13% want to view the dealer’s premises and 12% are looking to discuss the finance options offered.

Dealers stocking more economical cars in response to cost of living crisis

By |2023-02-21T12:08:56+00:00February 21st, 2023|Dealer Insights, News|

Consumers are justifiably concerned about the costs of buying cars and keeping them on the road, and large numbers of dealers are reacting to these needs by changing their stocking mix accordingly to offer cars that take account of these needs and preferences.

Cost of living forces families to cut back on motoring

By |2022-10-07T10:33:41+01:00October 5th, 2022|Dealer Insights, News|

Some two car families are switching to one in order to cut their outgoings, however, there is also no doubt some families that are really feeling the pinch of the cost of living crisis have had to become carless, which is something that could have a real and very negative impact on their work and family lives.

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