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What We’ve Learnt This Week – 23.04.2018

by admin

04 23, 2018 | Posted in Car Dealer Blog | 0 comments

Motors.co.uk and Cox Automotive News:

Motors.co.uk updates lead management tool as 22% of car sales enquiries go unanswered – AM Online

  • co.uk has updated its lead management tool, The Eye, to assist “extremely busy” car dealers after it emerged that 22% of calls to dealers go unanswered
  • In March 2018, 22% of telephone enquiries went unanswered by Motors.co.uk dealers

 

Cox Automotive promotes Kieran TeeBoon to managing director of Dealer Auction – AM Online

  • Cox Automotive has announced the promotion of Kieran TeeBoon to the post of managing director at Dealer Auction.
  • TeeBoon, who has been with Cox Automotive for five years, will move to the role from his current role as operations director
  • Prior to Dealer Auction, TeeBoon worked with dealerships including Francis Seat and Listers

 

Dealer used car margins decline in ‘challenging’ first quarter – Motor Trader

  • Used car dealers experienced a ‘challenging’ first quarter with the majority, 69%, saying their margin had fallen year on year.
  • Compared to Q1 last year, 59% of dealers noted a deterioration in retail demand, 40% said finance penetration was lower and 60% said physical footfall had fallen, according to Philip Nothard, head of external relations with Cox Automotive
  • The vast majority of dealers, 86%, said target pressures were resulting in higher levels of pre-registered cars hitting the market while 60% said the scrappage schemes on offer from carmakers were sucking sub-£2,000 cars out of the market

 

Industry News:

EVs present car dealers ‘massive profit opportunity’ after used values rocket 41% in Q1 – AM Online

  • Electric vehicle used values rose by 41% during Q1 of 2018 as the overall average used car value rose by 5.3%, according to Autorola
  • The findings, derived from data related to sales completed via Autorola’s online platform, showed that the average selling price of an EV was up to £19,789 from Q4 2017’s £13,981

 

BCA sells a million vehicles in a year for the first time – Car Dealer

  • For the first time on record, BCA has sold a million vehicles in the UK in a 12-month period
  • The record fell during the 1,000-vehicle BMW Mega Sale staged at BCA’s Perry Barr remarketing centre in March

 

Shpock launches new online platform to help dealers reach a wider audience – Car Dealer

  • Shpock has launched a new online platform for car dealers to reach a wider audience
  • The marketplace app’s new platform, called Shpock+ Motors, has up to 700,000 unique monthly users in the UK, and allows British dealers to reach a huge nationwide audience in just a few seconds
  • Shpock already averages more than five million car searches every month, making it one of the top three private car marketplaces in the UK

 

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 on Motors.co.uk:

  1. Lower Medium – 28
  2. Supermini – 32
  3. Medium – 32
  4. 4×4 – 36
  5. Estate – 36

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