NEWS

STOCK shortages mean franchised dealers must scrap long-standing procurement policies says Glass’s.
Until now, franchised dealers have typically shied away from cars older than 3 years.
Higher-mileage motors have also been a no-no.
Those days are gone now though, says Glass’s. Car dealers can’t afford to be so picky, as a dramatic reduction in used car supply [...]

CAP has appointed Chris Crow as chief editor to help improve processes and roll out new and improved products.
He boasts 16 years’ experience in the contract hire and leasing industry.
This, says CAP, will help him communicate better with one of its chief customers. During this time, he’s been a CAP user himself, and will [...]

USED values have dropped to their lowest point in over a year which has led to one car dealer to issue a striking call.
Auction4Cars is telling customers that there has never been a better time to buy.
This is because used car prices have declined equivalent to a 20 percent fall since the highs of January. [...]

HALF of Britain’s car drivers admit they don’t wash their car for 6 months or more in a surprise new survey.
This is leaving the trade-in value of their cars at risk as car dealers mark down prices because of damage.
Autoquake carried out the survey – which also showed that while 56 percent of women leave [...]

GLASS’S has warned of ‘dramatic falls’ in electric car RVs unless innovative solutions are adopted.
The used car valuation experts warn secondhand values could be well below conventional petrol and diesel models if key concerns are not addressed.
These are currently focused on battery life and performance. In-house methodology developed by Glass’s has indicated car makers need [...]

GLASS’S is responding to car dealers snubbing paper Guides for online values with an enhanced internet valuation tool.
GlassNet Unlimited launches this month, which will allow limitless car valuations without racking up the bills.
Cost? £1 a day for the typical user, reckons Glass’s – which adds the more cars a dealer values using it, the better [...]

TOYOTA cars have suffered no discernible drop in secondhand values following the recent big recalls.

Glass’s says there are no signs of any change as the maker begins to recover after the past few months’ drama.
‘Many Toyota models still boast some of the strongest residuals in the UK used car market,’ said Glass’s car editor Jonathan [...]

ELECTION fever will reinforce the regular late-spring slowdown in the used car market warns Glass’s.
As buyers become less certain, they curb their retail spending – and this includes cash on new cars.
This means May 2010 could be a difficult month for the UK used car industry.
‘In the weeks before and after the May 2005 [...]

CAR dealers will face a severe shortage of used car stock in 2010 due to plunging new car sales.
Supplies of 1- and 2-year-old cars are to face a ‘major reduction’.
Scrappage has compounded the problem further, warns Glass’s Guide editor Adrian Rushmore  - 300k new car sales were generated from it in 2009, but these buyers [...]

CAP has declared it currently impossible to give an accurate estimate of electric car used values.
Uncertainty over their performance means there are just too many unanswered questions to make a judgment.
This is why, despite the UK electric cars such as the Nissan LEAF being imminent, dealers are unable to tell customers what they will be [...]