Press release

SMMT used car transactions | Q4 2019

Auto Trader's Commercial Director, Ian Plummer, provides his view on the latest used car transactions from the Society of Motor Manufacturers and Traders (SMMT)

 

“2019 was an incredibly turbulent year, but regardless, the used car market weathered the challenges proving just how resilient it is with 7.9 million transactions, a very stable year-on-year performance despite those headwinds.

“Following the general election and our official departure from the EU, the dust is starting to settle and the new year is looking slightly more optimistic as consumers show signs of an uplift in confidence. In January alone Auto Trader had 58 million visits – a record breaking number. And our latest consumer research shows that 59% feel more confident in being able to afford their next car than they did a year ago, indicating a positive sentiment for the year. 

“To capitalise on this renewed confidence, retailers must now focus on ensuring they are stocking the right vehicles, and pricing them to the live retail market. Creating transparency to instil trust with consumers will also be key to standing out from the competition.”

Have you registered for tomorrow's webinar yet? Don't miss the chance to hear the latest market insights as well as invaluable information regarding distance selling from Peter Stonely, a specialist in Trading Standards law. Sign up for free here: https://t.co/oixBF5X1Q9 https://t.co/JdoFxzgUHq
During the #QueensSpeech on Sunday, during which circa 24 million people tuned in to hear her inspiring message around #COVID19, we saw a dramatic dip in ad views across our platforms. https://t.co/Pb3VhYBBLm
During the #Queen's address to the nation on #COVID19 last night, we saw a dramatic dip in ad views across our platforms. It's no surprise, as her broadcast attracted an audience of close to 24 million people. https://t.co/VEXZJelr5S
Here's a snapshot of what we covered during our last #COVID19 webinar. This week (10am Weds.) we'll be joined by Jacob Freshwater of Fresh Motors & trading standards law specialists, @StonelyTraining, as we discuss distance selling. Register for free here: https://t.co/oixBF5X1Q9 https://t.co/MfRnNZMMdo
The latest data from the @SMMT shows the #newcar market was down 44.4% in March. However, our market observations do offer a more reassuring picture for the future, as people are still actively looking for their next car. Read @IanJPlummer's view here https://t.co/uOmDKIAQSs https://t.co/WquwxioqDG
Thanks to everyone who joined today's OEM & new car webinar, we hope you found the insights useful incl. the latest consumer audience analysis from @Sophus3's @ByPatrickFuller & our own @nchking. If you weren't able to tune in live, you can catch up here: https://t.co/Oivjw6SymZ https://t.co/xCbLwZWzFE
Thanks to everyone who joined today's webinar we hope you found the insights useful incl. the latest consumer audience analysis from @Sophus3' @ByPatrickFuller & our own Retail Insight Director @nchking.I f you weren't able to watch live, catch up here https://t.co/Oivjw6SymZ https://t.co/xCbLwZWzFE
Forget #joewicks! Here's the first of our Digital Retailer Workouts with @MarcThornboroug. Designed to help #cardealers build a healthy #salespipeline for when things return to normal. Stay tuned for future Retailer Workouts! Watch now - https://t.co/Gx5D85ImnM https://t.co/C16uyggHBO
Just under an hour left to register for our latest #webinar! Remember to register even if you can't listen live as we will still send you the recording. https://t.co/2Aph0wJ0wj #automotive #insight https://t.co/3dvzd8ctmA
Discover what we are doing to keep #consumers engaged with our platformin order to help #cardealers build their #salespipeline in our latest blog post from our COO Catherine Faiers - https://t.co/t4Sv4m9YjB #cornonavirus #consumerbehaviour https://t.co/7LTGzvyJSN

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