Quarter of buyers will spend longer searching for next car due to rising prices and affordability, finds eBay Motors Group
Concerns over affordability will prompt more than a quarter (27%) of car buyers to spend longer searching for their next vehicle, according to eBay Motors Group’s latest Consumer Insight Panel research
Nearly a third of owners planning driving holidays this year expect to buy more suitable cars, finds eBay Motors Group
Car owners planning to upgrade their vehicles this year, ahead of staycations and driving holidays in Europe, could prompt additional sales opportunities for dealers, according to research by eBay Motors Group.
Dealers have opportunity to boost test drive bookings by offering unaccompanied and longer sessions
Dealers have an opportunity to increase test drive bookings by providing more flexibility to prospective buyers including the option to get behind the wheel without a salesperson present and by offering them for longer periods.
Dealer inventories fall to six month low in March as online used car searches remain high, reports eBay Motors Group
Used car stock levels hit a six month low in March as dealers grappled with the challenge of replenishing forecourts as buyer demand remained robust, according to eBay Motors Group’s latest Market View.
Used EV buyers play a waiting game in the hope of further price realignments, finds latest eBay Motors Group research
Savvy consumers considering buying a used electric vehicle (EV) are waiting for further price drops before purchasing
Buyer searches for used cars hits new high for February but supply shortages and economic pressure damped lead volumes
February’s used car market was shaped by the ongoing shortage of dealer stock and continued price stability, although higher than usual levels of online buyer activity was dampened by a softening of conversion to lead rates, according to eBay Motors Group’s latest. Market View by eBay Motors Group.
January’s average used car prices rise 5% to hit new high of £18,937, reports eBay Motors Group
The average price of a used car increased 5% in January to a new high of £18,937, marking the seventh consecutive monthly rise on Motors.co.uk, according to eBay Motors Group’s latest Market View.
Menable: Are Those Resolutions Giving You Joy?
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Car Search Platform Leads
Two in three buyers (67%) choose to use car search websites to make their first contact with dealers via the platforms, while the remaining third are prompted to visit showrooms in person.
Nearly half of car buyers plan to make a purchase in 2023, despite the impact of the cost of living crisis, finds eBay Motors Group
Nearly half of all new and used car buyers expect to make a purchase at some point in 2023, despite the impact of the cost of living crisis.