MOTORS Dealer Showcase line-up announced for this summer’s British Motor Show
Arnold Clark, CarShop, Carsa and SM Specialist Cars will be exhibiting and selling used cars at this summer’s British Motor Show. The retailers will display vehicles in the dedicated MOTORS Dealer Showcase, a new attraction for 2024, where visitors will have the opportunity to view and buy used cars as well as discuss their motoring […]
MOTORS reports used cars sold faster in March, as buyers benefitted from ongoing price realignments on younger models
Lower advertised prices helped drive faster used car sales in March with vehicles averaging just 35 days on physical and virtual forecourts: six days less than February and two days less than 12 months ago. All retailing sectors achieved faster month-on-month (MoM) and year-on-year (YoY) sales, led by car supermarkets at just 21 days, down […]
MOTORS part of Beta launch for all-new Google Vehicle Ads search platform
It’s a familiar scenario. You’re searching online for a new pair of trainers, Google your favourite brand and are presented with a carousel of retailers selling them along with how much they’re charging. Over recent months MOTORS has been busy working behind the scenes with Google, as part of its BETA launch test group, utilising […]
Used EV prices drop to new low in February as online searches rise, reports MOTORS
The average price of used electric vehicles (EVs) fell 15% year-on-year in February to a new post-Covid low of £27,607, as supply remained flat but online searches increased, according to MOTORS’ Market View. EV prices have now been falling for five consecutive months from £31,209 in September, with month-on-month drops averaging 2.5%. This also reflects […]
Prices and finance identified as biggest pain points facing car buyers
MOTORS’ latest Digital Touchpoints Survey has identified the top customer pain points after quizzing 3,000 in-market buyers searching online for used and new cars. Price negotiations topped the list with 43% saying they found the process difficult. Making sense of pricing was also a concern for 25% and understanding and arranging finance for 23%. Other […]
Average used car prices dip -1.6% in January, as EV price realignments continue
Advertised used car prices dipped -1.6% in January to their lowest point in 15 months, according to MOTORS’ Market View analysis. The price of vehicles listed on MOTORS averaged £17,113 following a succession of monthly falls over the course of last year, tracking -10% below their peak of £18,903 in January 2023. This downward movement […]
MOTORS research finds consumers now spending over a week longer in car buying process
Buyers are taking over a week longer to research their next car purchase as a result of low consumer confidence and extra time needed to research electric vehicles (EVs), according to independent consumer research commissioned by MOTORS. The study found the average buyer is spending eight days longer searching for their next car than they […]
Car buyers seeking reassurance by visiting more search websites before making a purchase
In-market buyers are visiting more car search websites before making a purchase, according to a new consumer survey commissioned by MOTORS. The research found buyers visit an average of 4.2 car search websites, up from 3.5 in 2021. Two-thirds of buyers (66%) said seeing a car advertised on multiple websites encouraged them to make an […]
Dealers urged to prepare for bounce in online used car searches immediately after Christmas Day
Online searches for used cars over the festive period are expected to bounce in the days following Christmas Day, providing a welcome boost for dealers with up-to-date stock listings. Research by MOTORS of Christmas search trends data, dating back to 2018, shows traffic easing off from the end of November to 25 December. Activity then […]
November sees essential purchase used cars take centre stage, reports MOTORS
Steady demand for cost-effective essential purchase cars and relatively small movements across prices, stock levels and days to sell, were among some of the key used car retailing trends in MOTORS’ Market View analysis of November. Consumer focus on affordability saw cars priced under £10,000 achieving some of the best month-on-month improvements in days to […]