Tag: dealers

Potential “charging crisis” for remarketing companies, says VRA

A potential “charging crisis” could soon emerge among vehicle remarketing companies as electric vehicles start to make their way onto the used market in larger numbers, says the Vehicle Remarketing Association. The industry body, which represents businesses that handle, sell, inspect, transport or manage more than 1.5 million used cars and vans every year, points

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Retail motor industry “must do more” to educate customers on new fuel choices

The retail motor industry must do more to educate customers on the wide range of fuel choices they now face, members of the Vehicle Remarketing Association were told at the organisation’s July member meeting. Both David Bailey, professor of business economics at the Birmingham Business School, University of Birmingham, and Rupert Pontin, insight director at Cazana,

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Digital advances in remarketing to be discussed at VRA’s May meeting

How remarketing is being shaped by the latest digital advances in the used car sector is the theme of the Vehicle Remarketing Association’s next meeting, taking place on 15 May at Auto Trader’s office in Manchester. Key presentations will include Nick King of Auto Trader looking at emerging ownership and access models for new and

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Mike Allen of Zeus Capital added as key speaker for VRA Seminar

Mike Allen of Zeus Capital is the latest speaker to be added to the Vehicle Remarketing Association’s major free seminar, “The Challenges of 2019.” He will be speaking about the current state of the used car market and how it is likely to develop next year, delivering an overview that will be used at the

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“Will 2019 be the year of the used van?” asks September’s VRA meeting

“Will 2019 be the year of the used van?” is one of the key questions being posed at the next meeting of the Vehicle Remarketing Association, taking place on 21st September at Manheim in Bruntingthorpe. Key presentations will be made by James Davis of Manheim, looking at the prospects of used light commercial vehicles in

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Used car dealers should prepare for diesel-petrol shift in two years’ time, says VRA

Used car dealers should prepare for diesel-petrol shift in two years’ time, says VRA Used car dealers should be starting to think about an inevitable shift away from diesel towards petrol that is likely to take effect in around two years, says the Vehicle Remarketing Association. The trade body, which represents businesses that process 1.5

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car mechanics

Dealers source used stock through tootle online platform

Online used car platform tootle has launched a service enabling dealers to source used cars directly from private sellers. It said by matching dealers directly with private sellers it cuts out fees from auction houses and car buying services. Dealers can view sellers’ profiles and make offers on cars they would like to purchase. These

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car mechanics

Dealers told to prepare for bumper post-Christmas car sales

Dealers have been advised to prepare for a bumper sales period following Christmas day as car buyers return to the market after the festivities. James Broadhead, CEO of Close Brothers Motor Finance, said dealers should benefit from the expected wave of purchases following Christmas Day which Experian estimated saw £480m spent by consumers this year’s

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car mechanics

Dealers face a used finance revenue gap of £246m

A study by Hitachi Capital Motor Finance claims dealers could miss out on as much as £246 million a year in finance revenue on used vehicles. Hitachi’s analysis looked at the finance revenue missed by using Difference in Charges (DIC) commission structures rather than APR based models on used vehicles. According to Hitachi, DIC is

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car mechanics

Motors.co.uk highlights improved engagement with email leads

In one of the busiest plate change months of recent years, 61% of Motors.co.uk dealers were hot on their email response times, compared with 47% in 2012. These results come from a campaign which saw 100 sales queries sent to a random selection of independent and franchised retailers around the UK. Not only did the research show that

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car mechanics

Dealers see growing use of PCPs for used cars

Dealers are seeing growing sales of used cars on PCPs with demand set to increase. According to figures obtained by Motor Trader from the FLA, in 2014 PCPs accounted for 33% of finance on used cars worth £3.5bn compared to 25% worth £2.3bn in 2013. John Hughes, a director with Mann Island, sees the market

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car mechanics

30% of dealers target PCP customers for early exchange

Dealers are confident they can handle the volumes of PCP cars coming back into the market, according to dealer research carried out by Manheim. Most dealers welcomed the trade-ins generated by PCPs with 63% of dealers said that the returns were “very Important” to them. Only 3.5% of dealers said that PCP returns are not

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