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Blog Entries about "used cars"
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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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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.