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Showing content with the highest reputation on 07/18/15 in all areas

  1. 1 point
    I agree, the comments and conversations this week - are that its in the main 'okay' - we are monitoring the overall market closely, with retail and consumer demand, relative to stock supplies and auction activities. See recent survey results below: Other noteworthy changes: A rise in June in those reporting an increase in footfall of 15% from 9% in May. However half are experiencing a decline – with the remaining third seeing no change. A notable change from May is that 30% are enjoying an increase in online activity, up from 18% in May. The remainder are either not seeing any change or have felt a slight slowdown.The pressure on retained margins looks to be continuing throughout June as 58% of those responding indicated they were being squeezed – an increase from 41% in May. Sentiment suggests that the increased competitiveness caused from greater volumes of available stock and costs are putting pressure on profitability. Interestingly those reporting an increase in stock availability has eased slightly from 52% to 38% in June; whereas a number felt that it had actually deteriorated over the month - from 9% to 20%. However just under half felt that there was little or no change from last month. As in May, the quality of stock remains reasonably stable, with the majority of 63% reporting no change from last month. However those experiencing a decline in quality increased by 4%.This month there is little to separate those who feel that the current trade values are reflective of the market, with 48% reporting they are and 50% feeling they are too high. What’s certain is that only 3% felt they were too low. This question is very subjective, as it is very much dependent on where they are sourcing stock and what sector into the market they are operating within. As we approach the half year stage over half the dealers feel that retail and consumer demand has eased slightly from last month. However those reporting an increase remains in double figures. Reviewing where dealers source their used car stock is without doubt very diverse, dependent on the business strategy and sector within the industry they operate in. From those surveyed, 42% of their stock was sourced via natural part-exchanges. However the remainder was split across various sources. Auctions accounted for only 21%; whereas 15% of stock purchased is now sourced via Direct Purchase or Cash for Cars processes and the other stock is from areas such as Trade-to-Trade, Manufacturer Direct sales or Direct ex-fleet. This is a question which would be useful to review again as the year progresses to observe whether this ratio changes over time. All, I'm also just circulating this month By Dealers, For Dealers Survey on the market and again, early responses are certainly very diverse. I welcome anyone to join in and be involved and if you want early sight of the results, please drop me an email and I'll add you to the circulation. Link below, it only takes a minute - very short but very current and most importantly, it's your survey! https://www.surveymonkey.com/r/HJYV9BR
  2. 1 point
    GG Think most manufactures have been guilty of this .. when things are good they pick and choose who will represent them and ask the earth ! when the bad times comes they are begging to be chosen ! #circles
  3. 1 point
    Sadly some good some not so good ! Previous experience with some them they try to get out of paying for anything - even when genuine claims for failure and NOT wear & tear. Had good experience with a couple of the companies but they wanted more volume - understandable but from the outset I told them the possible numbers of possible up sell etc , so decided probably about 10 years ago not to use anyone , I prep my cars to a very high standard anyway so never had any big claims anyway but tell customers its 3 months /3000 miles mechanical & electrical breakdown warranty [ Explain what's covered & not and why ] Never had issues with customers and some who wanted 12 months warranty - told them unable to sell extended to them but they could always buy it on line but I cannot recommend any companies simply they should do their homework. The very odd customer who's been very insisting wanting 12 months I've knocked couple of hundred quid off to close the deal and told them same - buy on line and dealt them Looking at the money I've paid out on claims in the last 10 years - and how much I've saved - I'll continue to stand by my cars myself.
  4. 1 point
    Don't worry all. It's in the issue landing on your desks next week