Tag Archives: startline

September’s Startline Used Car Tracker shows that 45% believe there will be better stock supply and 43% that demand for electric vehicles (EVs) will increase. However, just 25% expect there to be an improvement in consumer confidence. Paul Burgess, CEO at Startline Motor Finance, said: “Our new research shows that there is definitely a growing and welcome sense of optimism ...

The agency model and availability of motor finance are growing worries for used car dealers. August’s Startline Used Car Tracker showed that when asked about the biggest challenges facing them for the future, the agency model was mentioned by 27% of respondents, the highest monthly figure recorded since this factor was added to the research in January, while the availability ...

Rising costs are impacting the same at motorists use their vehicles. Almost one in five motorists (18%) are no longer “brimming” their tank when they fill up with petrol or diesel thanks to rising mortgage and rent costs. The impact of high housing expenditure on personal finances also means 12% have stopped using their car altogether while 10% want to ...

Two-thirds of car dealers (66%) are worried about future margin erosion affecting their business. Startline’s July Used Car Tracker shows the biggest concerns are high values of used cars squeezing margins (mentioned by 66%), cost of electrification such as installing chargers (52%) and rising staffing costs (52%). Other major worries include increasing difficulties surrounding compliance (36%) and the cost of ...

More than a third of used car dealers (36%) believe that the market for electric vehicles (EVs) has now stabilised. This follows dramatic falls in values over the last year. July’s Startline Used Car Tracker also shows that 20% of dealers expect to see further drops in value of up to 10%, while a further 30% believe that coming reductions ...

Dealer optimism on used cars has reached a 14-month high, according to the new Startline Used Car Tracker. June’s research shows that 64% say they feel positive about the market, a sharp rise from 27% in May and 20% in April. The figure is the highest since the motor finance company’s research was launched in April 2022. Reasons stated by ...

More than half (51%) of car dealers think that the arrival of new Chinese electric vehicle (EV) companies in the UK market will force some established manufacturers out of business. Startline’s has said that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold thanks to tougher competition. In ...

More than half of people (55%) say lower prices would be the number one factor that would bring them into the used car market. May’s Startline Used Car Tracker shows all of the top three considerations that could make them buy a car hinge on the cost of the vehicle – with finding a good deal (47%) in second place ...

The majority of dealers (58%) believe that more support is needed from their motor finance providers to retail electric vehicles (EVs). May’s Startline Used Car Tracker reported that 41% said their lenders are less keen to finance EVs, 10% want higher deposits from buyers and 5% charge higher interest rates. A further 5% say their lenders simply won’t touch EVs ...

Stock availability is still a problem for dealers although it has seen some improvement. That’s the conclusion of research from Startline which found that 62% of dealers reported stock availability was a problem although 12% said availability is improving. Stock availability was also named as the biggest challenge for the future retailing of used cars in the Startline Used Car ...