Paul Jordan

Used car values are dropping after dealers enjoyed a fruitful Easter period, according to cap hpi's Derren Martin, who has put sliding prices down to a rise in volume as opposed to falling demand. Full report by Car Dealer Magazine. #automotive https://lnkd.in/dh8zu4Di

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POD ALERT Motor Trade Radio podcast, powered by MOTORS In a packed show, we’re joined by Vertu CEO Robert Forrester and take a look at the week’s big headlines ☑️SMMT’s new car reg figures show market up in May ☑️MOTORS Market View reveals used car trends for May, as EVs stocked by dealers hit a new high ☑️Motor Trader Top 200 shows a dealer group sector in a state of flux JudgeService names the top OEM brands for customer loyalty ☑️The VRA issues a warning on oddly specced “Covid Cars” ☑️And we add another name to the growing list of car brands heading to the UK PLUS [M]enable Moment with our mental wealth guru, Stephen Whitton #AllTheChatterThatMatters with Curtis and Philip https://lnkd.in/eTT-VH5z

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Dealers are facing a profit-margin squeeze after being hit by the double whammy of the electric transition threatening their lucrative aftersales business, and a legal clampdown curtailing profitable commissions for selling finance and insurance #motortrade #ev #aftersales #automotiveaftermarket https://lnkd.in/eRAf7fHc

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Fridays numbers will be interesting for the EV charging market.

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Pricing to market is a highly effective strategy that seeks to maximise margin and stock turn. 📈 To truly capitalise on this strategy dealers need to consider local retail pricing alongside national guides to gain an edge on local competition. Our VRM 360 solution helps you do this with a single view of multiple data sources. 🙌 Learn more about how you can complete all your essential valuation, pricing and history checks in one easy to use app: https://lnkd.in/gUbg7hKb #OneAutoAPI #VRM360 #LocalRetailPricing #AutomotiveData

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📢BREAKING NEWS📢  We're delighted to announce that MOTORS has acquired the Cazoo brand. Commenting on the acquisition, MOTORS’ CEO Barry Judge said: “We have the expertise and inventory to immediately establish Cazoo as a modern marketplace for used cars. We will build on the excitement and engagement that the Cazoo brand has already created with consumers to deliver more sales enquiries for our dealer partners.” Highlights include: Cazoo to join MOTORS’ network of sites, alongside MOTORS, Gumtree and eBay, helping dealers access more car buyers Cazoo to become a marketplace with 250,000+ listings to help buyers find their next used cars New Cazoo app to feature innovative, mobile-first strategy to enhance the car search experience Free Cazoo listings for MOTORS’ dealer partners with MultiSite packages For more details see the full press release 👉 https://lnkd.in/ez_HyiAU ___ #MOTORS #usedcars #carsearch #carlovers #motorsandcazoo

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▶ UK new-car market completes two years of consecutive growth - With 147,517 registrations in July, the UK’s new-car market grew by 2.5% year on year. - The Society of Motor Manufacturers and Traders (SMMT) confirmed this was the best performance in the month since 2020. - Four years ago, registrations surged when dealerships were able to reopen their doors after four months of lockdowns. Read more analysis from Autovista24 here https://lnkd.in/ewTZpPgC #UK #UKnews #newcars #markets #sales #forecasts #automotive

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🕙 Less than one month to go! Independent used vehicle dealers are required to become SAF Approved or equivalent by 1 January 2025. The Finance & Leasing Association’s Lending Code states that finance can only be arranged through SAF Approved (or equivalent) dealers and brokers. Why does SAF approval matter? ✔️ It aims to further raise industry professional standards and support compliance with the FCA’s new Consumer Duty. ✔️ Further builds customer trust and instils confidence. What do I need to do? - Register your company and have all customer facing staff complete the SAF Expert Test. - Complete, sign and return a compliance statement to the FLA. - Download your SAF Approved pack which includes your certificate. For full information, visit https://lnkd.in/eEHuXCAb

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Listen up!! Its clear from talking to business leaders that New vehicle sales have been tough this year. So know you are not on your own if you are falling short against the internal budget you have been set by Head Office. Remember your 2024 budget was a best guess on what opportunities MIGHT be possible, based on the previous year/ years performance, stock availability, and manufacturer ambitions. Of course all manufacturers want their share of the pie, but they do not know how big the pie is going to be, and 11 people cannot each have 10% of it. If you sometimes feel like your performance is lacking, it might be helpful to listen to the Motortrade Radio Podcast each Saturday morning to understand what is going on in the market place and how your performance sits within the bigger picture. ( because worryingly, some business leaders expect a bigger slice of a pie that just isn’t there!)

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The recent demise of online car dealer Cazoo underscores a fundamental truth in automotive retail, says Fraser Brown of MotorVise (Automotive) Ltd #carsales #usedcars #cardealership #dealerships #dealershipmarketing #salestraining #salesevents #automotiveindustry #motortrade

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If you want to keep up to date with what’s happening in the #Aftermarket and expand your knowledge, why not follow the On The Ramp podcasts produced by Alex Lindley FIMI, Leo Dack and Nathan Taylor? It’s produced by Independent garage owners for independent garage owners. Along with their special guests, they discuss what’s happening in the industry, how you can positively develop your business, its standards and ultimately your profitability. Shaping the Aftermarket, one podcast at a time. https://lnkd.in/efpN_tF3 #OnTheRamp #Aftermarket #SharingKnowledge

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Don't let outdated ideas and misconceptions cloud your judgement towards invoice factoring for your bodyshop. Read our latest blog, Invoice factoring myths for bodyshops debunked: Separating fact from fiction, and get a fresh perspective on the incredible benefits it can bring to your business. Follow the link: https://bit.ly/3yuraJa. #InvoiceFactoring #Bodyshop #CollisionRepair #AccidentRepair #AutomotiveIndustry

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🚗 ZEV mandate knock-on effects ‘catastrophic’ for residual values, MG commercial boss warns 🚗 Car manufacturer efforts to comply with the UK Government’s ZEV mandate are having a serious impact on EV residual values, and could in turn lead to higher leasing costs for fleets. That’s according to MG Motor UK Ltd commercial director Guy Pigounakis, who highlighted the measures some manufacturers were taking to comply with the mandate, which requires them to sell an increasing percentage of EVs annually, or face fines. Read more online: https://lnkd.in/eZ2kKcJ8 🔔 Click our follow button to see regular car and fleet industry news and insights, and subscribe to our newsletter 🔔 #BusinessCar #mg #fleet #zevmandate #evs #usedcars

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If you want the best research, survey and insight answers on the uk automotive industry and what car owners and buyers are thinking? Then subscribe to the illustrious Insight Quarterly by Cox Automotive Europe - Sign up at the bottom of the page once you click the link below….

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“If you look at the volume of products at 0-12, 0-24, 0-36 months, it isn’t high,” explains Philip Nothard , insight director at Cox Automotive Europe and The Vehicle Remarketing Association (VRA) chair, “and to a degree, EV products are being held back a little bit by the fleet and leasing and rental sectors, because they don’t want to drop everything in at once and run the risk of huge depreciation again.”

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The new Volkswagen ID.Buzz Long Wheelbase is the subject of my first car review for Auto Trader UK - what a good first being a blend of car and van. Here's where to read it: https://lnkd.in/e6Mm6suz #vw #volkswagen #autotrader

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Great customer service is absolutely everything….

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