It’s no secret that the post-lockdown used car boom has throttled back in recent months. However, research from used car experts heycar suggests dealerships have reason to be optimistic heading into the rest of 2023.
Highlighted in heycar’s Headlights report, there was an irrefutable upturn in leads and overall consumer interest in January compared to December. For discerning dealerships, this means that now is exactly the right time to identify and invest in the best quality used car stock. And if you want to know which cars consumers are searching for, that’s where the Headlights report can be of help.
Compiled each quarter using a wealth of industry-leading expertise, the Headlights report offers in-depth insight and analysis on the very latest used car trends and must-know sales figures. This data can help you and your team power decisions concerning stock, marketing and offers (ultimately helping you drive more revenue).
Putting the current landscape into context, Karen Hilton, CEO of heycar, says: “Consumers have begun 2023 with a sense of caution and trepidation – so dealers can be forgiven for feeling the same. Few imagine this year will settle into an easy economic ride and ‘expect the unexpected’ seems a reasonable mantra for the times in which we live and work.
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“But look closely, and there are signs for optimism. Experts think that a recession may be shorter than previously expected, and one thing we can cling to – at least for the time being – is the strength of used car prices.”
So, to help your dealership navigate the current used car market and prepare for the rest of 2023, we’ve pulled together eight of the most essential statistics from this quarter’s Headlights report to help power your business to success.
Owned by a consortium of major car manufacturers and insurance companies, heycar shook up the used car market when it launched in the UK in 2019. Whether through eCommerce or in-person dealings, heycar offers buyers a simple and trustworthy experience that makes finding your next used car easier than ever.
Every car listed on the heycar site is under eight years old, has less than 100,000 miles on the clock and comes with a confidence-inspiring warranty. And to show unwavering dedication to quality, heycar even offers a 10-day money back guarantee.
For dealerships, heycar makes listing and selling your quality used stock easy. For starters, there are no listing fees, meaning more margin for you. heycar’s platform also ensures your dealership gets information-rich leads, helping you to close more deals. heycar already hosts an inventory of thousands of quality used cars for over 3500 franchised dealerships across the country. To register your dealership, click here.
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