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Blog Entries about "used car market"
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Shopping around online
We already know that new car registrations were 2.04 million units in 2012, which is an increase of 5.3% compared to 2011. However, it will be a few months before used car sales figures are released for 2012, and it will take even longer to work out how the distribution channels have fared – franchised, independent and private.
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Knock-on effects
We hear a lot about ‘interconnectivity’ these days. What happens in one part of the world can have a knock-on effect in a completely different part of the world whether it’s a war, financial disaster, famine …. or demand for goods and services.
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Used car dealerships fall by a quarter in ten years
With the kind permission of Autotrader.co.uk's Dealer Update magazine, we are pleased to reproduce here an article written by Tony Lewis about our report - The Future of the Used Car Market in Great Britain, 2012 - 2017.
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Motorists keeping their cars longer
The recession that started in 2008 seems never ending. After flat-lining since late 2009, the UK economy slipped back into recession at the end of 2011. With countries around the world in a similar state, it looks like it’s going to be a long haul. Indeed if the eurozone crisis gets worse, the UK will suffer further pain.
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Car buyers aren’t always logical
We’ve always wondered about the logic employed by car buyers. How do they decide to buy one particular new or used car over another?
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Car prices outlook
Because the purchase of new and used cars is consumer spending, it is unsurprising that the Government’s 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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With a fair (economic) wind …
At the Auto Retail Network used car profit clinic in Loughborough last month, I presented our preliminary forecasts for used car market volumes up to 2016. To produce a forecast for any of the auto retail markets we create a computer model incorporating the market drivers. Usually our forecasts are quite accurate: for example, our used car market forecast in 2002 was within 6% for 2003 to 2007.
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Tesco finally makes it into the motor trade
For the past 25 years, there have been regular scares in the motor trade concerning the threat of incursion by one of the massive retailers capable, at least in theory, of combining financial clout and money lending capacity with real estate and a liking for the F&I profits associated with car sales. Tesco has been treated as the leading potential contender, if only because of its pre-eminence among UK retailers.
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The cautious used car buyer
Our new report on the used car market will be published later this year. We have started the research which includes a consumer survey of 10,000 motorists - a brand new addition to the used car report we have completed biennially since 1994.
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Grossing up gross margins
At this time of year, dealer group PLC’s publish their half-year results – informative barometers of the past six months. Also at this time of year private limited companies with financial years ending last December must post their accounts to Companies House.