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What We’ve Learnt This Week – 09.04.2018

by admin

04 09, 2018 | Posted in Car Dealer Blog | 0 comments

Industry News:

Buyers advised to choose pre-registered cars to avoid new tax increases on diesels – AM Online

  • Car buyers are being advised to choose pre-registered diesel cars to avoid an increase in the tax that has seen the price of some of the most popular models in the market go up by more than £300
  • he diesel surcharge, that came into force on April 1, adds between £15 and £520 to the cost of taxing a car in its first year. Dealers pay the fee on behalf of buyers, which is why prices have gone up to reflect the extra cost

March 2018 new car registrations down 15%, diesel falls 37% year-on-year – AM Online

  • March new car registrations fell 15.7% year-on-year, with diesels suffering a 37.2% fall
  • The result was described as not unexpected and the Society of Motor Manufacturers and Traders’ stressed this was the fourth biggest March ever for the sector
  • The SMMT blamed last month’s performance on economic and political uncertainty and “confusion” over air quality plans

Used car orders fall by 5% in Q1, enquiries down 6% – Motor Trader

  • The used car market saw a decline in demand in the first quarter according to new research
  • Used cars enquiries fell by 6% and orders fell by 5% compared to the first quarter of 2017, according to lead management group Dealerweb

Cartime plans new car supermarket with £10m funding – Motor Trader

  • Bury-based used car supermarket Cartime saw pre-tax profits rise 10.2% to £741,882 on turnover up 23.9% to £28.2m in the year to 30 April 2017
  • Cartime, which was set up by Matt Kay in 2012, is forecasting sales of £34m this financial year and plans to announce a second site in May

 

Most searched for cars on Motors.co.uk week-on-week:

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

 

Days in stock by vehicle type:

  1. Lower Medium – 26
  2. 4X4 – 35
  3. Coupe – 39
  4. Prestige – 39
  5. Small – 40

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