Almost seven out of 10 motorists (69%) are worried about petrol and diesel costs rising, according to Startline’s January Used Car Tracker which surveyed 329 consumers and 58 dealers. The research also shows that 60% are concerned about rising insurance premiums, 47% are worried about the cost of buying a car and 42% are worried about the cost of servicing. ...
Read More »Carwow named Audi marque with greatest profit potential in Q4 2024
Carwow has named Audi as the Marque with the greatest profit potential among cars sold via its daily online auctions in Q4 2024. The 324 used Audi models sold had an average profit potential of £3,000, ahead of Lexus at £2,848 and Mazda at £2,823. Cupra (£2,753) followed the top three. In fifth position was Jeep (£2,707), followed by Volvo ...
Read More »Dealers see surge in AFV trade as demand for EVs and hybrids grows
Trade-to-trade sales on alternatively fuelled vehicles (AFVs) jumped by 64.9% in 2024 compared with 2023. The digital marketplace saw 51,259 bids received on AFVs and 204,058 ad views, delivering year-on-year increases of 25.83% and 16.6% respectively. Dealer Auction said that although AFVs still represent a small proportion of the market – 5.6% on the Dealer Auction platform – the data ...
Read More »Jaecoo UK launch vehicle renamed JAECOO 7 SHS
Omoda and Jaecoo unveiled the JAECOO 7’s Super Hybrid System (SHS) with a name change for the vehicle. Previously named the JAECOO 7 PHEV, the vehicle will now be referred to as the JAECOO 7 SHS. The vehicle, now available for purchase with UK deliveries starting from 31 January, is the first model to feature this system. The SHS ensures ...
Read More »Dealers warned to review safety procedures following MOT centre incident involving child
New Auto Tech Limited was fined £10,000 and ordered to pay costs of £6,810 at a hearing at Westminster Magistrates Court on 10 January 2025, following an incident where a child sustained life changing injuries from being crushed by a car. An investigation by the Health and Safety Executive (HSE) found that New Auto Tech Limited had failed to ensure ...
Read More »Grey proves to be Britain’s most popular new car colour for 7th year
Grey is Britain’s most popular new car colour for the seventh consecutive year, according to the Society of Motor Manufacturers and Traders (SMMT). More than a quarter (27.8%) of all new car registrations in 2024 were grey – its best ever share – as 543,464 grey cars joined British roads, up 6.7% on the previous year. Grey was the most ...
Read More »Motorway partners with NextGear Capital to enhance stock funding capabilities
Motorway has partnered with NextGear Capital to launch comprehensive stock funding capabilities with the aim of providing dealers with greater control over cash flow. The partnership will improve the process of buying high-quality, privately-owned stock, improve cash flow and accelerate dealer growth. James Wilson, COO of Motorway, said: “Our platform is all about simplifying the often complicated and time-consuming process of ...
Read More »Keyloop boosts AI credentials with AI Assistant sales deal
DMS and dealer software supplier Keyloop is boosting its AI credentials by becoming an official reseller of AI Assistant’s AI-powered email conversation platform building on an existing partnership between the two firms. This enables dealers to automate and personalise customer interactions via email, delivering human-like conversations that drive engagement and sales. The agreement builds on the recent partnership between the ...
Read More »Ford terminates over 50 retail dealers at start of 2025
Ford terminated more than 50 retail dealers in January as part of its restructuring of the network. All but three of the dealers have retained their authorised repairer status, Ford told Motor Trader. Back in 2020 Ford announced that it was going to reduce its network of sales outlets in half over the next five years. In2020 had 395 car ...
Read More »Rolls-Royce opens application window for 2025 apprentice programme
Rolls-Royce Motor Cars opened its application window for the 2025 Rolls-Royce Apprenticeship Programme yesterday. The application window will remain open until 2 March for Level 6 roles and 30 March for Level 2 & 3 roles. Applications can be made online and open roles are available to view on the Rolls-Royce Motor Cars careers portal. The process includes completing the ...
Read More »