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Blog Entries from 2012
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Recession hits bodyshops too
While the chart below might suggest we are, once again, delving into the vagaries of the new and used car markets we are not. No, the subject this month is bodyshops.
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Used car retailer numbers: 25% down and falling
The latest report from Trend Tracker - The Future of the Used Car Market in Great Britain, 2012 to 2017 - confirms that demand for used cars has been depressed since the beginning of the recession in 2008. No more used cars were sold in 2011 6.8 million units than 10 years earlier in 2001. That has not unexpectedly impacted on the number of businesses offering used cars for sale.
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The franchise network outlook
The perilous state of our high street shops is hardly out of the headlines these days with 15% of premises now empty. Even before the recent recession they were under attack from internet sales, supermarket diversification and sheds on retail parks.
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Car prices outlook
Because the purchase of new and used cars is consumer spending, it is unsurprising that the Governments Office for National Statistics (ONS) keeps a close eye on prices as part of its monthly survey of inflation for the Consumer Prices Index.
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Ball Park Figures
A few weeks ago the phone rang and one of our clients asked: How much was the parts market worth in 2011? Its a seemingly simple question and we do keep track of the sales of replacement parts sold to end purchasers in the markets for servicing and mechanical repairs and car body repairs. But for 2011? And then there is the added problem of defining and measuring parts wholesaling.
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Our crystal ball
An important feature of our reports we are launching three new reports this year - is the forecast section where we look into our crystal ball and project future market trends. In the past, this has proved relatively easy and it was just a matter of plugging key data into a computer model. But the current situation has us scratching our heads.
