Tag: Pre-registrations

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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car mechanics

Glass’s comment – 2015 registrations

Rupert Pontin, Head of Valuations, Glass’s, said: “As predicted by Glass’s over a year ago, 2015 new car registrations have exceeded 2.6 million units which is fantastic news for the industry and demonstrates the strength of the UK market at this point in time. Growth will continue through 2016 and Glass’s expect a 3% increase

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car mechanics

Pre-registrations volumes yet to impact remarketing sector, says NAMA

The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the National Association of Motor Auctions (NAMA). NAMA said dealers have so far been able to absorb the growing number of nearly new vehicles as manufacturers and dealers seek to achieve ambitious volume targets. Year-on-year, volumes

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car mechanics

CAP calls for more transparency around pre-registrations

The used car market would benefit from more transparency of pre-registrations which risk putting car values on a downward spiral. That’s a view from Derren Martin, senior editor of CAP Black Book, who will help dealers focus on retailing their pre-registrations in a presentation at the AM Used Car Market Conference on October 20. “Following

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car mechanics

Are pre-registrations an opportunity or a threat?

Pre-registrations are not new. For the vast majority of franchised dealers, they are a normal way of balancing the supply of vehicles manufacturers want to sell, with the demand from their retail and fleet customers. This has always been the case, with dealers driven to hit their manufacturer targets while looking to register as few

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car mechanics

New 65 plate success painting false picture, says Glass’s

Pre-registrations at record levels and consumers beginning to face effects of austerity A falsely buoyant picture is likely to be painted by September’s new plate change – despite the probability that it will show the 42nd consecutive monthly increase in new car registrations. Glass’s, publishers of the motor trade bible Guide, say that the situation

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car mechanics

Volumes of pre-reg cars doubled in lead up to plate change

Volumes of pre-registered cars in the used car market more than doubled in the lead up to the plate change in March. The number of sub-one year old cars in the market rose 104% from 15,349 in December 2014 to 31,246 in March 2015, according to data from Glass’s Radar. Overall, Glass’s has tabled in

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car mechanics

Demand for under two year old cars is weakening “by the day” due to increasing pre-registrations

The number of nearly new cars in the retail market has nearly doubled in the last six months, indicating that manufacturers are pre-registering ever larger numbers, reports Glass’s. According to Glass’s Radar sales tracking product, the number of sub-one year old cars sold in the UK during March was 91% higher than six months ago,

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car mechanics

Pre-registrations swell nearly-new volumes

The number of nearly-new cars in the retail market has nearly doubled in the last six months, indicating a rise in pre-registrations warns Glass’s. The firm used its Glass’s Radar sales tracking tool to monitor the number of sub-one year old cars sold in the UK during March and found it was 91% higher than

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