Motor Trader Sponsors Comment

In the April edition of the Motor Trader magazine AutoProtect’s Mike Macaulay comments on the current situation for the used market. Read on to see what he had to say.
 
The first quarter of 2010 has seen a continuation of the lower margins on new car sales due to the impact of the government scrappage scheme and this has led to dealers focusing on used car sales, incremental income streams and customer retention programmes.
Feedback from AutoProtect’s dealer network is that it is still difficult to source the “right vehicles for the right price”. This is impacting on the level of stock of used vehicles held by dealerships but both the stock turn and profitability on used vehicles remains very good.
The end of scrappage is causing some uncertainty in the market with both manufacturers and dealers seeking ways of
maintaining the footfall in dealerships through innovative advertising campaigns and customer propositions.
 AutoProtect has seen a significant increase in enquiries from both the franchised and non franchised dealerships requesting  incremental income products and assistance in implementing the sale of these products into the dealership sales process
One thing that is certain for the rest of 2010 is that all dealerships are working towards ensuring that all incremental profit streams are maximised
For more information on how AutoProtect can help you call us on 0871 384 3507
Permalink: Motor Trader Sponsors Comment
Author: AutoProtect (MBI) Ltd
Date: 03 / 05 / 2010