The incidence of clocking is on the rise as a result of car buyers on PCP schemes avoiding excess mileage penalties, according to Glass’s. The company said drivers are using
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PCP car clocking on the rise
Car market will innovate and adapt to weakening of PCP appeal
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in the market conditions that have led to a perfect scenario for PCP growth in
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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
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PCP customers will expect equity when the term ends
Consumers choosing a new car on a PCP will expect some equity to remain towards their next car when the motor finance term ends. Research by Manheim showed that 95% of
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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
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PCPs to boost share of dealer-sourced finance to over 80%
Dealers could see their share of the car finance market increase in 2015 on the back of strong PCP sales. That’s the view of finance provider Alphera, which said that
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Vauxhall scraps lifetime warranty
From January 2015, all Vauxhall cars and vans will carry a three year*/60,000 mile warranty (down from 100,000 miles) with options for extension. Tim Tozer, Vauxhall’s chairman and managing director,
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More three year old cars, but soft-top prices low – reports CDL
As the summer arrives, mycarcheck.com/trade is reporting surprisingly low values for cabriolet models, particularly MINIs. The trade valuation arm of CDL Vehicle Information Services has also highlighted a boost in
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