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Motor Trade News - Archive |
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Car Dealers need to embrace electric cars
According to a recent industry survey many motor traders and car dealers have been hesitant to become involved in the electric car revolution. Whether electric cars really are the answer to 'green' car use, is still a subject of debate. However there is an increasing popularity with consumers, for both environmental and economic reasons.
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Car Dealers predict price increases in 2010
The Motor Trade is encouraging punters to buy cars before the year is out, to make huge savings on the price of a new car. There is an expected rise for new car prices of six percent, during the first three months of 2010. When this is then combined with...
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Motor Traders need to prepare for the end of scrappage scheme
The governments scrappage scheme has been a victim of it’s own success and is expected to finish before the end of 2009, possibly as early as October. Although the scheme has seen vehicles sales increase and generated 150,000 new registrations; car dealers need to consider the strategy for new car sales within their business.
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20% increase in used car values
Since the beginning of 2009 motor traders are reporting an increase of 20% in the values of used cars. This is particularly timely news in advance of the number plate change at the start of September. You could find when trading your car in for a new vehicle that you are pleasantly surprised.
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Motor Traders asked if scrappage should continue
The vehicle scrappage scheme has had a positive impact on new vehicle sales in the UK. Although due to the investment required to fund the scheme in discounts there have been mixed reactions from manufacturers and car dealers. The Retail Motor Industry Federation is currently discussing with it’s members if they should lobby government to extend the scheme.
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UK car sales up for the first time in 2009
For the first time in 2009, the monthly car sales figures are up on the previous year. In July there was a 2 percent increase compared to figures for July last year. This is widely acknowledged to be a direct result of the governments vehicle scrappage scheme; which has made a more buoyant market for car dealers.
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Are UK customers getting a fair deal from the Motor Trade?
A recent survery of nearly 1,500 car owners found a less than satisfactory experience in their dealings with garages, MOT centres and other outlets within the Motor Trade. Within the survey it revealed that one in five motorists have been charged more than the amount quoted for the service or repair work by their garage or car dealer.
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Motor Traders switch to online marketing
In a recent survey of two hundred car dealers in the UK, the top 3 marketing methods are all internet generated (Promotion of vehicles on their own websites, being coming out top). There has been a pronounced shift away from traditional media to get customers buying cars.
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Vehicle Scrappage boosts sales of Hyundai
The company which has benefited from increased sales is Hyundai, since the scrappage scheme was introduced their UK sales have increased to over 11,000 vehicles. This volume is more than in the previous four months and is bucking the trend of depressed figures elsewhere in the Motor Trade.
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Car Dealers concerned as new car production falls 43% in May
Despite the introduction of the vehicle scrappage scheme new car production has fallen by 43% in May 2009. The first five month of the year have seen new car production fall by 54%, the figures for commercial vehicles...
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Used vehicle values rise for 7th month
The average prices of used vehicles continues rise, based on reported figures at UK vehicle auctions. The figures continue to rise despite the introduction of the government backed vehicle scrappage scheme for new cars.
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Suzuki set to gain Dealer servicing market share
The car maker has joined forces with Motaquip and has launched a servicing program for all makes of vehicles. This is expected to help drive their servicing business forward and help to make up the shortfall in revenue due to the fall in new car sales.
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Vehicle scrappage VAT issues within the Motor Trade
The vehicle scrapping scheme which we campaigned for to kick start new car sales within the Motor Trade, is faultering in the early stages due to confusion over the amount of VAT being applied.
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Used vehicle prices rise for the six month
More good news for the motor trade, the average price of used vehicles continued to rise during April 2009, the values at auction increased by over £50 but the rate of increase is slowing. The increase over the price during April 2008 is +4% taking the average vehicle cost to £5641.
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OFT investigate the Motor Trade and used car sales
Due to the number of complaints from the pubic, related to used car market and the Motor Trade sector, the Office of Fair Trading is conducting a study set to complete by the end of 2009.
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Motor Traders resilient despite the recession
In a recent survey of Motor Traders in the UK, over half were confident of their businesses position despite the tough economic conditions. Less than one in four had immediate fears about their ability to continue to trade...
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Budget confirms cash back for your old banger!
Welcome news for car dealers and motor traders in yesterday’s UK budget, the government has introduced the much touted vehicle scrapping scheme. Starting in May motorists who own a car that is more than 10 years old will receive...
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5k Cashback on electric cars
The vehicle scrapping scheme being planned for rollout on UK vehicles, is already expected to offer users up to £2,500 off the price of a new vehicle when swapping in your old banger. However it is expected that the government will announce...
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New cars cheaper than used cars
In the latest retail figures for the Motor Trade industry, many new cars have been discounted so heavily that you can pick them up for less than the price of a used car. In the first 3 months of 2009 new cars have fallen by over 200,000 units.
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Used car values up for the fifth month
Whilst positive news is thin on the ground in the Motor Trade at the moment, there has been an increase in used car values (at auction) for the 5th month in a row. As the market for new cars falters car dealers are experiencing an increased demand for second hand cars and vans.
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UK to become centre for Electric car production
Nissan and GM are on the verge of committing to build ground breaking electric cars in the UK. The zero emissions vehicles would save existing jobs and could help create additional jobs, if the current trends towards electric vehicles continues.
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Motor Trade backlog of 100,000 cars
Over 100,000 cars are ‘mothballed’ at one single dockyard due to lack of demand. As new car sales have fallen through the floor the motor trade has been forced to stockpile vehicles and cease production on a temporary basis.
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10 tips for Cheap Motor Trade Insurance
Motor Trade Insurance is a very competitive industry, this works in your favour so make sure you shop around in the market. Apply online for motor trade quotes from different insurers, when comparing quotes...
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RMIF call on Government to implement vehicle scrapping scheme
The Retail Motor Industry Federation has again called on the Government to implement a scheme which gives an incentive for owners to scrap vehicles over 9 years old. This has a dual benefit, both environmental and economic...
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Credit Crunch savings for UK motorists
Due to the fall in sales, nearly every car company is offering huge discounts across the range for new vehicles. Traditionally March is the biggest month for sales, with the first registration change of the year...
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Car Dealers losing out on servicing income
In the tough economic climate within the Motor Trade industry the revenue that can be generated through vehicle servicing is a larger proportion of overall income. Within a climate of falling sales this income is of increasing importance.
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Used car values are on the up
Good news for the hard pressed Motor Trader, used car prices are on the rise. Used car dealers are reporting strong used car prices, due to an increase in demand. This demand is a direct result of the weak demand for new cars. Dealers are reporting an increase of £500 for 3 year old vehicles so far this year.
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Motor Trade to take back your old banger
In the European Parliment a new law is expected to be passed that will force the Motor Trade to take back cars at the end of their life. This is being heralded as the returnable car, which will force manufacturers to make vehicles from more recyclable materials.
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Motor Traders encouraged to sign up to code of practice
The Retail Motor Industry Federation has called on all it's members to sign up to the Motor Industry Code of practice (for service and repair). Currently take up is strong within dealer networks, but much lower in the independent sector.
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Dramatic slump in new car sales
The level of registered new car in the UK fell by almost 30% in January 2009, this is a reflection of the lack of consumer credit and poor economic conditions. Hardest hit has been the luxury end of the market, with the reduced number of buyers left in the market looking for more modest vehicles.
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