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.”

On yesterday's customer webinar we highlighted that whilst consumers might not be able to visit dealerships, a variety of metrics indicate there's still consumer demand. If you missed the session, which included @ASE_Global's @mikejonesase, catch up here https://t.co/7qLr0Tz3hT https://t.co/LBGALeheWT
We brought forward the launch of our new #marketintelligence tool, AT Market Insight, to ensure #cardealers can keep up with the changing market conditions in these turbulent times. Discover how you can use this new tool now in our latest blog post. https://t.co/50K8rBG2Xi https://t.co/Cc3rZFAk8f
30 minutes left until today's webinar! Register now to hear the latest advice on what options #cardealers have during #coronavirus. Even if you cant make it we will send you the recording https://t.co/vr0dwQTD3J https://t.co/VuIea3MFoK
Have you signed up to our next weekly webinar? We'll be talking through what options #cardealers have amidst the #coronavirus. Tune in tomorrow at 10am and if you can't make it, sign up and we will send you the recording. https://t.co/vr0dwQTD3J https://t.co/omXRjB386q
Last week our #Data & #Insight Director, @therickw joined our webinar to talk retailers through key market observations he had made. Well, we’ve invited him back to share another update to see if the story has changed. https://t.co/KcGC6O2nom https://t.co/AcvcSqSpo1
Great to see people coming up with innovative ways of keeping busy during #lockdown... https://t.co/sv7G0osaLd
Start the week off right with @MarcThornboroug's latest tips on practical things retailers can be doing now to help build that #salespipeline whilst #workingremotely https://t.co/NKxMkK5qbv https://t.co/xpYaTQbWfo
In next week's webinar, we'll be asking our expert panel 'What options do retailers have amidst COVID-19?' Discussions will include furlough for employees & funding for self-employed retailers. Submit your questions when you register: https://t.co/fifT2NvFOB https://t.co/u6YMY1HQB4
An update from Auto Trader's CEO Nathan Coe on what we have done and will be doing to support the #automotiveindustry during these testing times. https://t.co/PzBJZy1QMm #inthistogether https://t.co/XT0upGFQme
In the first of our weekly Auto Trader Insight #blog posts, Marc Thornborough takes you through practical tips to help #cardealers build a sales pipeline whilst #workingremotely. https://t.co/ZBTB88qUpc #workingfromhometips #toptips https://t.co/2t77DEXHuY

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