Motorists are more likely to buy electric cars is dealers can guide them on how to get a charger installed and how to use public charging, according to Startline’s March Used Car Tracker which questioned 302 consumers and 58 dealers. Almost half (46%) of motorists want help getting a charger installed at home as well as training in how to ...
Read More »Dealers report increase in consumer confidence
More than half of dealers (53%), an increase from 34% in February, believe consumer confidence is on the rise. This Startline Used Car Tracker data was based on 302 consumers and 58 dealers. The percentage of dealers who believe the state of the economy is better has also improved from 21% last month to 24% now. Paul Burgess, CEO at ...
Read More »Dealers are identifying electrification as biggest challenge, says Startline
February’s Startline Used Car Tracker, which surveyed 302 consumers and 58 dealers, found that 62% of dealers said selling electric cars is an issue – an increase from 45% in December. Other concerns include a reduction in desire for car ownership (33%, up from 28% in December) and staffing costs (28%, up from 24%). Paul Burgess, CEO at Startline Motor ...
Read More »Dealer concerns over potential impact of economic downturn on used market
Startline research found that 62% of dealers say an improved economy would provide the biggest boost for used car sales in 2025. The January Startline Used Car Tracker surveyed 329 consumers and 58 dealers. Paul Burgess, CEO at Startline Motor Finance, said: “Pretty much every indicator showed that there was a downturn in both the general economy and consumer confidence ...
Read More »Startline reveals dealer concerns for 2025
Rising staff costs are the factor most likely to negatively affect business in 2025, according to 40% of dealers. Starline research revealed that dealers are also worried about higher costs for stocking (38%), premises (38%), compliance (34%) and vehicle preparation (33%). Paul Burgess, CEO at Startline Motor Finance, said: “While pressure for pay rises is probably lessening, the increase in employer National ...
Read More »A “good deal” most likely to swing used car sale in 2025
Startline’s January Used Car Tracker, which surveyed 329 consumers and 58 dealers, found that motorists believe a “good deal” is the factor most likely to swing a used car sale in 2025. Almost half (48%) could be convinced to buy if presented with the right offer. Other high scoring factors include the need to replace an existing car (46%), cheaper ...
Read More »Startline secures £475m credit facility from J.P. Morgan
Startline Motor Finance has secured a five-year £475m credit facility from global investment bank J.P. Morgan. This is the sixth renewal and upsize of its type between the two companies. Paul Burgess, CEO of Startline, said: “A five-year deal of this kind is quite unusual in the motor finance sector and, we believe, is a vote of confidence and ensures ...
Read More »Best Companies to Work For list acknowledges Startline
Startline Motor Finance has been named as “one to watch” in the 2024 Best Companies for Work For lists. Scores for the business included wellbeing (67%), ‘My Manager’ (82%) and personal growth (77%). The business was named among the leading employers in the financial section of the awards. Paul Burgess, CEO at Startline Motor Finance, said: “In recent times, we’ve ...
Read More »Consumer interest in both EVs and diesel increases
Consumer interest in both used electric and diesel cars has increased rapidly over the last six months, according to Startline’s December Used Car Tracker which surveyed 303 consumers and 59 dealers. The percentage of motorists who would definitely consider an electric car as their next vehicle is up from 19% to 29% and has increased from 12% to 22% for ...
Read More »Dealers highlight link between petrol prices and consumer interest in EVs
Almost all dealers (99%) believe there is a direct link between high petrol prices and consumer interest in EVs, according to Startline’s November Used Car Tracker. The research shows that 52% say the correlation between petrol prices and consumer interest in EVs is “significant” while 47% believe there is “some” impact. Paul Burgess, CEO at Startline Motor Finance, said: “The ...
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