as informed in Car dealership chain Pendragon has revealed that it intends to focus on its used car sales empire to boost growth in the future.
Dealerships looking to change their focus towards used cars or new cars, in reaction to market trends, will need to keep their motor trade insurance policies updated to include any new stock.
The changes came off the back of a revelation that used car sales revenues were up by 9.5 per cent year-on-year.
Our growth in used vehicle revenue on a like-for-like basis in January 2017 exceeded the increase required to achieve our growth aspirations.”
Pendragon says that the revenues it makes from used cars have increased by 64 per cent in five years, as its initiatives such as the Sell Your Car and Move Me Closer schemes have proven successful.
As it stated in Power 2017 Vehicle Dependability Study.
Fortunately for car buyers, J.D.
When it comes to buying a used car, reliability is paramount.
Power released its 28th annual Vehicle Dependability Study this week.
The study examines the reliability of 2014 model-year cars over the past 12 months — giving car buyers a glimpse at the type of problems these three-year-old cars are likely to experience.
As it stated in The flood of newer model used cars coming off lease and entering the marketplace is putting downward price pressure on some of those models, even as the average price of used cars rises because of the fleet’s age: Younger cars cost more.
A newer model used car is “what I’ve been targeting the last month or two,” he said.
“There was a significant increase in 2016 over 2015 in late model used cars coming into the market, and I think it peaks between 2017 and 2018,” Tolkan said.
Fast forward to 2017 and there are fewer cars from those recession model years available to budget-minded buyers in the used car market.
(Photo: Michael Sears / Milwaukee Journal Sentinel)Buy PhotoThe Great Recession’s ghost is suddenly appearing at used car lots across the United States.
collected by :Haily Jackson
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