A third of dealers believe there is insufficient demand for electric vehicles in the current market compared to the supply available. That’s a key finding of a survey from Startline which found that 31% say there is insufficient demand for EVs. The survey found that 71% of dealers say that not enough is being done to support the UK motor ...
Read More »Consumers ‘agree’ with proposal to change MoT frequency
Almost nine out of 10 (89%) drivers agree with a new Government proposal to extend the first MOT test on cars from three to four years. A majority – 71% – say that modern cars remain safe up to four years old without being tested, reducing costs does not seem to be a major motivation with only 36% saying it ...
Read More »Stocking EVs becomes a greater risk to dealers as values fall
Almost two-thirds of dealers (64%) have said that recent falls in trade values are stopping them stocking electric vehicles (EVs). According to over half (56%) is that values are too volatile, while 15% said that the same applies to prices, according to March’s Startline Used Car Tracker. Also, 20% said that stock turnaround on EVs is proving too slow while ...
Read More »Dealers stocking “more economical cars” in cost of living crisis
Over a third (34%) of dealers say they are stocking more economical cars as a result of the ongoing cost of living crisis. Startline has reported that 33% of dealers are stocking cars that cost less to buy or lease while a further 20% are retailing smaller cars. However, only 7% say they are providing more information online about cars ...
Read More »Rail strikes drive people towards car travel, says Startline
Rail strikes have caused over three-quarters (78%) of people to plan a long-term switch from rail travel and into cars. According to Startline 35% more people are walking more, 19% are using other public transport such as buses and trams, 13% are using a traditional bicycle and 11% are travelling by electric bike. Overall, two-thirds (67%) said that recent industrial ...
Read More »Dealers feel that the used market will be “more difficult” in 2023
Almost a third of used car dealers (32%) believe that used car values and prices will fall by more than 10% in 2023. A further 19% of retailers say the drop will be between 5-10% and 26% by up to 5%, according to January’s Startline Used Car Tracker. Only 23% think prices and values will continue at their current level ...
Read More »Annual car costs up by £1,000 as consumers downsize to save money
Annual average car costs have risen by almost £1,000 since the start of 2022. November’s Startline Used Car Tracker research suggests motorists’ annual spending on fuel, insurance, servicing and car finance had risen by £80 a month. The biggest single increase was seen in fuel at £37 per month but insurance and motor car finance both rose by around £20 ...
Read More »Cost of living crisis forcing families to sell their cars, says Startline
The cost of living crisis is forcing families to sell their cars. According to October’s Startline Used Car Tracker, almost one in four (23%) say they already or are going to reduce the number of cars in their family while 61% say that tightening personal finances have changed their attitudes to car ownership for the worse. Paul Burgess, CEO at ...
Read More »Desire for car ownership continues decline, says Startline
A reduction in desire for car ownership is a growing issue, according to dealers surveyed in September’s Startline Used Car Tracker. This factor was named by 42% of respondents against 18% in August. Paul Burgess, CEO at Startline Motor Finance, said: “This is an interesting point from the Tracker research. We are hearing limited anecdotal feedback in the market that ...
Read More »Over half of used car dealers turning to older vehicles in stock shortage
The majority of dealers (86%) say that having to sell older cars creates problems with vehicle history, preparation and breakdowns. Research in August’s Startline Used Car Tracker shows that 58% say stock shortages and high values mean they are selling older cars than three years ago. This ranges from 52% of dealers retailing stock at around one year older than ...
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