EXCLUSIVE June’s used trends from Motors.co.uk; Car Dealer Power Awards; Vertu trading update; buyer deposits consistent & more
Motor Trade Radio Podcast
New episodes are published every Saturday with occasional bonus episodes. Download for FREE on all podcasts providers
Motor Trade Radio: 1 July 2023, E40, S09
If you enjoyed this week’s Motor Trade Radio podcast, powered by eBay Motors Group UK , and want to dig deeper into our featured headlines, then here's the links to all the stories.
EXCLUSIVE
eBay Motors Group June 2023 Market View
Check out the latest trends in pricing, stock levels and days to sell.
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MOTOR TRADER
Vertu reports ‘positive trading’ with ‘resilient’ used car market
Vertu Motors saw trading profit for the three months to 31 May 2023 up on the same period last year driven by a ‘resilient’ used car market and improving new car supply It said that full year results for FY24 are expected to be in line with current market expectations.
AM ONLINE
Car buyers keeping deposits and payments “remarkably consistent” despite interest rate increases
Motor finance deposits and monthly payments have stayed “remarkably consistent” over the last 12 months despite ongoing Bank of England interest increases prompting higher rates for used car buyers. New figures from iVendi show that a year ago, the average deposit for a used car was ￡2,859 while the monthly payment was ￡292. Today, although the base rate has risen from 1.25% to 5.0% over that period, it is largely unchanged at ￡2,932 and ￡304 respectively.
领英推荐
AUTOCAR
Volkswagen scales back EV production
Volkswagen has introduced measures to temporarily scale back production of electric models at one of its German plants. According to the car maker's work council, a shift at Volkswagen's Emden plant has been cancelled for the next two weeks in the lead-up to the traditional summer holiday shutdown in July and August which has been extended for EV production by one week to 4 weeks.
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DAILY TELEGRAPH
Pothole damage from electric cars is double that of petrol, new data shows
Electric cars damage roads twice as much as their petrol equivalents, analysis has shown, as the pothole crisis grows on Britain’s roads. Analysis by The Telegraph has found that the average electric car more than doubles the wear on road surfaces, which in turn?could increase the number of potholes.
Stephen Whitton’s [M]enable Moment
Stephen gives us the full lowdown on the new Wellbeing Winners accreditation scheme which is being made available for ALL car dealerships in the UK.
More details at [email protected] or visit Menable online at https://menable.org/
Car Dealer Power Awards
Supplier categories: https://cardealermagazine.co.uk/publish/manheim-auction-house-of-the-year-2023/285984
Car brand categories: https://cardealermagazine.co.uk/publish/car-dealer-power-2023-where-did-your-car-manufacturer-rank-this-year/285850
We hope you enjoyed this week’s roundup of the big car retailing stories. Catch?#AllTheChatterThatMatters?Saturday mornings on the Motor Trade Radio podcast, powered by eBay Motors Group.
Click?here?for the latest episode.