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What We’ve Learnt This Week – 03.04.2018

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04 03, 2018 | Posted in Car Dealer Blog | 0 comments and Cox Automotive News:

Manheim secures Santander contract renewal – AM Online

  • Manheim will continue to remarket vehicles for Santander Consumer Finance for the next three years
  • The two businesses have extended their contract, which began in 2002
  • The partnership extension, which started in March and will run until February 2021, will see vehicles from Santander Consumer Finance continue to pass through Manheim’s auction lanes in: Bristol, Colchester, Manchester, Mansfield and Washington


Industry News:

Number of cars manufactured in the UK falls again – Car Dealer

  • The number of cars built in the UK has fallen again following the seventh consecutive month of decline in the domestic market, new figures show.
  • Just under 145,500 cars rolled off production lines last month, 4.4 per cent fewer than in February last year, the Society of Motor Manufacturers and Traders (SMMT) reported
  • There was another double-digit decline in production of cars for the UK, down by 17 per cent, following falls of 24 per cent in December, 28 per cent in November and 14 per cent in September

Franchised dealers see 19% fall in vehicles for servicing – Motor Trader

  • UK franchised dealers saw a significant year-on-year decline in aftersales business in 2017, according to data from electronic vehicle health check provider autoVHC
  • The company, which sampled 500 UK dealers, found that over the 12-month period the average dealer saw 3,320 vehicles presented at its service department, a 19% drop from the 4,080 vehicles seen during the course of 2016
  • It said the fall in aftersales activity combined with a tail off in new car sales was likely to put further pressure on dealers

Car dealers missed out on £429m in unsold ‘red work’ in 2017 – AM Online

  • The average franchised car dealer missed out on £429 million of aftersales income by selling just 53% of urgently required work, according to the findings of autoVHC’s annual aftersales report
  • According to the vehicle health check provider’s data, the UK’s franchised dealers are continuing to miss out on significant aftersales revenue opportunities due to a failure to secure maintenance work identified during the service process


Most searched for cars on week-on-week:

  1. Ford Fiesta
  2. Volkswagen Golf
  3. Ford Focus
  4. Vauxhall Corsa
  5. BMW 3 Series


Most fastest moving cars on week-on-week:

  1. Mitsubishi Outlander
  2. Hyundai Tucson
  3. Land Rover Discovery Sport
  4. Ford Kuga
  5. Renault Captur

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