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Used Car Sales Significantly Impact New Vehicle Lasting Values, Pricing and Brand Power

Sales of New and Used Vehicles Are Strongly Interrelated, According to a New Study from the Car Internet Research Program OTTAWA and PARIS (March 15, 2007) – The used car business is here to stay and will increasingly impact the new vehicle market in a variety of ways, including residual values, pricing, brand strength and customer relationships. As a result, manufacturer involvement in inventory management and used vehicle branding is crucial for enabling dealers to carry out successful remarketing programs.

These are among the findings from a new report focusing on the used car market published by the Car Internet Research Program (CIRP). The study, titled “Anatomy and Physiology of the

Used Car Business,” provides an in-depth analysis of the used vehicle market with a particular focus on four key markets: U.S., Canada, France and Germany. The research examines:

(i) The growth of the used car business, in both size and importance,

(ii) Global trends affecting the used car business,

(iii) The customer buying process, including Internet usage,

(iv) A comparative analysis of the four markets, and

(v) Success strategies for dealers/manufacturers.

The importance of the used car market is growing significantly. In both the U.S. and France, for example, the used-to-new vehicle ratio has increased since 1999 from 2.4 to 2.6, showing a steady growth of used vehicle sales by volume. In addition, used vehicle sales in the U.S. are today more than twice as profitable for dealers as new vehicle sales (a roughly 2.7% profit margin, as compared to 1.2%).

“Franchised dealers’ used vehicle operations now act as a hedge against uncertainties in the new vehicle market and even support new vehicle sales,” said Dr. Christian Navarre, Director of the Car Internet Research Program. “With declining margins in the new car business and the aging of vehicles on the road, the used car business is likely to be a growing and increasingly important component of franchised dealers’ sales, both in North America and in Europe.”

It is clear from the research that the key to continued growth will be transparency and symmetry of information, as consumers apply the same approach to research and collection of information in their search for used vehicles as they do to the new car buying process. For example, although consumers still use local newspapers and word-of-mouth when researching used car purchases, they are turning to the Web in increasing numbers, highlighting the importance of having a strong Internet strategy for used vehicle programs.

While national used vehicle markets differ in character and structure due to a variety of socio-economic, regulatory and other factors, the report identified six core strategies that are essential for growing used vehicle sales:

• Continually improve the customer experience, from the Internet to the showroom.

• Rationalize customer relationships through Customer Relationship Management (CRM).

• Perfect online promotion and merchandising efforts to reach prospective and existing customers.

• Manage inventory and pricing with network-wide IT solutions.

• Maximize high-margin sales opportunities.

• Optimize certified used vehicle programs.

“Consumer attitudes to used vehicles have become more sophisticated as vehicles themselves have improved in quality and reliability,” said Nick Gill, Global Automotive Leader for Capgemini. “The tools used by consumers have also evolved, resulting in the need for dealers and manufacturers to fundamentally change their approach to the sale of used vehicles, as this report demonstrates. While these changes involve significant financial investments, they hold the potential for great returns and are, in fact, necessary in today’s market.

Dealers and manufacturers face a rapidly evolving car market; they must evolve with it if they do not wish to be left behind.”

About Author

Kuku Sa is a researcher, analyst, automobile expert and author at CarJunction.com, one of the world’s foremost exporters of Japanese vehicles. He provides its clients with insights and

Capabilities that boost their freedom to achieve superior results through a unique way of working, which it calls the Collaborative Business Experience

www.CarJunction.com

Why a Dedicated Vehicle Marketplace is the Best Place to Buy or Sell a Used Vehicle

WWW.VEHICLEGATEWAY.COM <http://www.vehiclegateway.com/> – Why a dedicated vehicle marketplace is the best place to buy or sell a used vehicle.

In a world of increasing consumer advocacy, shoppers are more risk averse and conscientious than ever before. This increase in consumer knowledge is widely attributed to the power of the internet as a legitimate search tool to find information on just about everything you could ever imagine. Historically, there has been a stigma attached to the internet as an illegitimate source of information – such that the internet is a veritable “no mans land” of largely inaccurate and incredulous information. As the internet has grown in size and popularity, this stigma has largely been broken. Granted, there is a lot of clutter and misinformation on the internet; but isn’t the same true for any information source? It is up to the reader to browse through the clutter to pick out the valuable information. But, shouldn’t consumers have the right to be provided with a source of universal accuracy of information?
These days, a website is a cornerstone of almost every business. In a world of cell phones, PDA’s, and instant messaging services, many businesses exist entirely online and serve the growing demand for the instantaneous delivery of information. One industry that is particularly prevalent in terms of its newfound presence online is the used vehicle industry. If you are a vehicle owner looking to sell your used car, used truck, or other used vehicle, you are probably thinking, “Where can I go to sell my car?” More and more often, people are answering this question by turning to the internet to sell their used vehicles.

Out of this trend has grown some powerhouse online brands, most notably AutoTrader and Cars.com. These are dedicated websites pertaining exclusively to the sale of new and used vehicles online. Essentially, these sites are advertising showrooms where people and vehicle dealerships can pay a fee to have their new and used cars, trucks, and other vehicle types showcased to a worldwide audience of prospective buyers. As powerful as these brands are, they have also built a reputation for not caring about consumers and charging astronomically high rates for advertising.
Also out of this trend towards online shopping has spawned a multitude of online classifieds sites such as Craigslist and Kijiji. Although these sites were not originally created to showcase vehicles specifically, they have recognized the trend towards online vehicle sales and have quickly jumped onboard.

Although these sites offer some tremendous features and benefits, they also have some major drawbacks. Perhaps the most notable disadvantage of general online classifieds sites is the high degree of fraudulent activity that occurs. Research has shown that vehicles listed on general classifieds sites are often not as they are initially described. Many consumers have reported incidents of unreported damage, excessive mileage, and more wear and tear than was originally listed.

Another major drawback is that general classifieds like Craigslist and Kijiji do not offer certified pre-owned vehicles. Certified pre owned vehicles are used vehicles for sale that have been returned to the original manufacturer and put through a rigorous inspection to ensure that they have been restored to like-new condition. They offer many of the advantages of a new car at a price the general public can afford – things such as: extended warranties, roadside assistance, and extended kilometer allotments.   
Clearly, there is a need for a dedicated online vehicle marketplace with a policy for the provision of accurate, honest, and trustworthy information about the vehicles listed within its database – a site that is “in the corner” of the consumer. Enter www.VehicleGateway.com <http://www.vehiclegateway.com/> – North America’s first online vehicle marketplace dedicated to the provision of in depth information so that consumers can make a more informed vehicle purchasing decision.

Weather you are selling used cars, used boats, used trucks, or other used vehicles, VehicleGateway.com displays a wide variety of used cars for sale as well as multiple other categories of used vehicles. Unlike Craigslist, Kijiji, and online vehicle marketplace giants like AutoTrader, VehicleGateway.com is completely dedicated to providing consumers with more information about the history and condition of the individual vehicles they are browsing through on the site. They display a wide selection of certified pre-owned vehicles from multiple vehicle manufacturers. If you are thinking, “how can I sell my used car?” or “where can I go to buy a used car?” your questions have now been answered.

As an empowered consumer, you now have a credible source to find your next used vehicle for sale. This is exactly why a dedicated vehicle marketplace with a mission to provide honest and accurate information is in your best interest to utilize when buying or selling your next used car, used truck, or used vehicle in Ontario and abroad.

VehicleGateway.com. Information you need. Vehicles you want.

TO KNOW MORE VISIT:
www.vehiclegateway.com

How to Lower Car Insurance Rates for Teenagers?

Almost all teens want to have their own cars. It maybe because of peer pressure or maybe they just wanted to enjoy adulthood by driving independently. Giving a car to a young driver is always a struggle – both for the parent and the teenager himself. While parents are worried about car safety and insurance premiums, young drivers are mostly concerned about how they fare with other kids their age who were already given a car by their parents. But at the end of it all, parents would have no choice but to give in to their teens as they reach the legal age. They would have to learn how to drive anyway. Purchasing the car may come later, as car insurance for teenagers can really be a big headache.

But once your teenager finally gets his hands on his driver’s license, the trip to the car dealer becomes imminent – unless of course you want him to borrow your car all the time. More than being concerned about the type of car you’ll give your son, you must be more interested on the car insurance coverage for teenagers. It could really go up the roof if you don’t know the techniques to make it low. With the guidance of a reliable car insurance agent, you will have more or less a good idea what kind of car will be perfect for your son.

Here are tips on how you can lower the car insurance for your young driver. Follow them and you’ll be ensured of the safety of your son or daughter.

1. Learn about deductibles.

This corresponds to the amount you are to remove from the total insurance claim. High deductible means lower premiums. Lower deductibles results in higher premiums.

2. Consider the car’s safety features.

When companies quote car insurance for teenagers, they always consider the features for safety of the car they’re driving. And so when buying a vehicle, get the one with airbags, automatic braking system, and pressure monitor. The more safety features the auto has, the lower the premiums will be.

3. Add your teenager to your own policy.

Some car insurance providers allows for a child rider to an existing policy. Check if this feature is supported by your own policy. This way, you’ll just add a minimal amount to your monthly premium and both you and your teenage driver will be covered.

Of course, safety comes first. Make sure that your teen is a responsible driver. Let him or her understand that driving is a serious task. By being a defensive driver and by following all the traffic laws enforced, it is easier to lower down the rates of car insurance for teenagers.

Why You Want To Buy Used Cars Online

As more and more people choose the Internet as their preferred way to shop for goods and services, buying used cars online has become a great industry. When you want to get a used car for sale the Internet is the place where you want to be, but there are several things that you’ll need to look at before you pick from all the online car dealers that are available.

A Used Cars Online Checklist

Before you start shopping for any of the used cars that you can find on the Web, you need to be sure of what you want and what you can afford to get because these are often two different things. It’s easy to put the cart before the horse and start looking through all the used cars for sale on the Internet, but if you do you might get distracted and wind up buying a Porsche when you can only really afford a Pontiac.

So it’s best if you start out by simple finding out what you can afford if you don’t have the money saved and think that you’ll need some financing. Go to your local financial institution and get them to give you an idea about how much that Pontiac will cost. The more expensive cars are purchases that you can make the road.

Then you’ll need to decide what kind of used cars suit your purposes best. Here’s where you’ll need to ask yourself a few questions that include:

Do I need a four door or a two door? If you’re single now you might be able to get away with just two doors on the car that you’re looking at, but down the road four might be better if you find you’ve got a family. How big of an engine do I need? Of course it’s great to have an eight cylinder engine under the hood for power, but you’ll be stopping at the gas station a lot more with one of those to feed.

When you finally decide on the car that you want, you’ll find that make and model a lot quicker on the Internet. Buying used cars online is the way to go when you’re looking to see the biggest selection right from the comfort of your own home and you save on the commission and overhead that you’d pay for if you bought from a brick and mortar lot.

Find The Best New Car Loan Online

Without information, the task is surely going to be difficult. But, you can take control of the situation and lighten the burden of obtaining the new car loan. Read through and you may end up finding the best car loan online.

The first task would be to calculate how much you want. You need to be sure of the amount you want to borrow. Car loan lenders wait for the unprepared customer. They just love to deal with such customers the way they want. Do not get fooled. Instead, be ready and get your loan your way.

Indians, even so many years after the appearance of the computer and the internet, feel very insecure without a daily dose of the newspaper. A cup of tea in one hand and the newspaper in the other, Indians search for their new car. They first have a peep into their wallets and also have the fixed budget in mind. After this, the car search on the newspaper begins. They look for the car that falls within the money range they are looking for. Why should we restrict ourselves when we have the loan option? These days, loan repayment is flexible too.

There are certain things you need to research before buying a new car. The research is about you. With the loan option, you needn’t worry too much about the price of the car. However, you need to calculate the amount you will be able to repay if a loan is taken. Based on this, you need to choose your car. You also need to know if you are eligible for a car loan. Knowing beforehand if you are eligible for a loan also saves you from sales people trying to tell you that it is not possible to grant you a loan on the new car.

They somehow convince you that they would do their best and get you a loan. Remember, if you are pre-approved, you are getting the loan. A salesperson who is in no way related to you will never try more than required to help you out without his share of profit. He may take awfully long to give you a feeling that the process is tedious. In the end, he will charge you a high interest rate. Do not fall into such traps.

The best way to avoid trouble would be to search online. Do not rely completely on the dealership for your new car loan. Online lenders not only give you the best rates, but also have easier processes. The loan can be availed without much of a hassle. The dealerships offer 0 per cent financing only for qualified buyers. Most of us do not fall in their ‘qualified’ category. You even have loan and EMI calculators that help you calculate your monthly car loan payments with different interest rates.

Request quotes from as many lenders as you can and then negotiate on the one with the lowest interest rate. By applying for your new car loan online, you can do everything from the comfort your study room. An online research will get you the best new car loan at a decent rate that wouldn’t be possible even after running the whole day from one dealership to the other.

Car Classifieds- A Good Way To Deal With Cars

When one is planning to buy a car the first thing we look is for the classifieds. Classifieds are the ocean of information on cars for everyone. If you are a car enthusiasts or an average person who wants to buy or sell a car then car classified are the most simple and the conventional way of advertising any product. They carry ads from the people who want to sell or buy a car with details about it making the procedure easier.

It is not difficult to find a car classifieds, as we have plenty of them around. Generally, the classified concentrate on people who place an ad fro selling their car. The latest technology also offers classified in internet where you just have to follow a simple registration so that you can publish your ad. There is no registration require to view any car ads. However, there are some specific ads, that deal only with the classic cars or specific brands and they may require registration even for viewing these car classified.

What information do these car classifieds carry?

Classified should be very simple and carry to the point information about cars. General and basic informatins like make, model of the car, the year of purchase, some time a brief description of a car. They also reveal the price expected for that car. If the ad is long and elaborated then, the other information that will be added would be the mileage, performance, condition of the car, owner information. Finally these ads will be followed by the contact details of the person who is placed a car ad.

How to place a classified?

With regards to buyers, most of the printed car classifieds for sales are organized alphabetically, based on their model. Though there are well put, but some times they can be little time taking as you will have to go through all the makes before you find your search. The things become easier when we turn to online search. Technology offers this boon us. In the website, the search can be customized according to a specific models, brand, year price etc. these options make the search very simple and easy as well as saves time. Some sites also provide detailed searching by price wise, which further helps the viewer.

Classic car advertisements

It is not just the normal car, even the classic cars exists on classifieds. Classic ads are nothing but some ads that are specified to a specific car or a car brand.
These sections carry ads of classic cars. Some people would be interested in selling their classic collection or buy a classic car- a specific car or a brand. Some classifieds also add information like components or the supplies related to the maintenance of these classic cars. The general information in a classic car ad include the make model, condition of the car, the price, the contact information of the person selling the car, and the seller’s location. Some classified a buyer will specify the car he/ she is looking for. Though these searches are not very general but are seems to be increasing.

The definition of classic cars varies from a person to person. Some classic car classified sections will reject the advertisement it the do not match their criteria of class cars. Therefore, before placing an ad, it is recommended to go through the limitation and the terms to know if the definition of your classic car is matching their requirement. Some of the details that are noted for classic cars are age of the motor, make details etc necessary to assess a classic car.

Some useful tips to pen a car classifieds

Smart and uncomplicated

Your car classified should be appealing at the first sight. It should be simple, easy to understand as well as informative.

Know Your Reader

You should know that the ads placed by you should be of some help to others. Think of the possible questions he/she will have in her mind while reading your ad. The classified should be able to clear all the basic question that arises when looking for a car, for instance, the make, model, type of car, price etc.

Large and Simple Fonts

This will help you to grasp the buyer’s attention. He/she will first read the ad that is bigger and clear. In this way, there is no chance that the reader or the buyers will miss your requirement.

Important Information

Do not place an ad just for the sake of it. You are spending money for an ad, so ensure that it is done in a perfect and accurate way. Add the important key words of the car interest the buyer and last but not the least check for the accuracy of the matter and avoid spelling mistakes. Your ad should not mislead a buyer; in turn, it should help him/her to make a perfect decision.

Car Insurance For Teenagers: Why Is It So Expensive?

As parents, you might be just as excited as your son or your daughter when buying their first car. And so you go to the car dealer, get the model you want for your son or daughter and prepare to sign a check for it. But when you learn about the car insurance premium you are to pay, you get shocked and ask, “Why is the car insurance for teenagers almost worth as much as the car itself?” Well, your son or daughter is 16 years old. That alone is a big factor to consider.

Your choice of a car for your teen driver determines part of the auto insurance premium you have to pay. You can buy him a brand new sedan, a sports car, or a run-down vehicle. It’s your choice. But the insurance costs would vary greatly with each vehicle.

Other than being a young, new driver, insurance companies can’t make an exact assessment as to how well your teenager drives. This forces them to bestow the highest possible premium they have on their charts. Everybody knows that drivers with no accident and traffic violation history enjoy low premiums. However, those who frequently visit car repair centers due to collisions have no choice but to pay for sky-rocketing costs every month.

Going back to the car you will give to your teenager, the insurance provider would check the car’s safety features first. Is the car totally safe to drive? Does it have features that can protect the driver and its passengers? Is the car easy to handle and isn’t too fast for a teen driver? Is the vehicle new and is not likely to be sent for repairs any time in the future? These are the things that determine the price of car insurance for teenagers. Now that you know them, you can do your best to get the premium lowered.

The driving knowledge and habits of your young driver is also a factor to consider. But again, since insurance providers don’t have enough data to support this fact yet, they would use your son or daughter’s report card to assess their attitude on the road. Studies show that teenagers who perform well in school tend to become a more responsible driver that those who are getting low grades. And so teens who have a general weighted average of B or higher in school is given lower premiums that those whose grades are lower.

These are just some reasons why car insurance for teenagers gets a little expensive. Parents concerned about premiums can now look for some work around in the assessment process of providers. But then again, parents should be more concerned of their teenager’s safety on the road rather than the amount they have to pay annually for the policy.

Houston Used Car Dealers

USA has probably the largest used car market and it is everyday flourishing at a rapid pace. One reason behind it is that the large market of Information Technology is based in USA. It is the hub of IT sector as well global higher education. IT professionals and students from across the globe come to USA for a definite tenure and for that small span they opt for an used car. So, there are lots of used car dealers of Nissan, Toyota or Chevrolet, who are competent as well as successful. When talking about used car dealers, Houston is a most opted for choice for people who live in and around the area. Just visit any website and you will know about the numbers of used car dealers in Houston. It proves how flourishing the market is.

The best place to look for Houston used car dealers is in the internet. There are abundant of websites providing all the information to satiate your quest. They recommend the car insurance and the best bank to go for auto loan. But when you are buying a used car, be very particular about your requirements. Carefully choose the type of car, make and the dealer. Often used cars become a recurrent expense so before making the purchase do enough ground check.

For example, before buying a car you must know about the dealer. Their reliability should be the basis of purchase. When going for an old car, you should be mentally prepared for the frequent problems arising with them and hence, even frequent visits to the dealer. So, make sure your dealer has goodwill in market for the service they provide. It is easy to choose such dealers. Reliability and goodwill comes with experience, just look for the experienced car dealers. Much of the Houston Texas used car dealers are in market for more than half a century and they have earned goodwill in this span. When dealing with them you can be sure about the service.

After ensuring your satisfaction comes insuring your car. Generally, Houston used car dealers offer useful car insurance plans extending the original warranty along with the Rental Allowance and Towing Assistance as complementary facility.

Maintenance is another important aspect of car purchase. You should always go for those dealers who have a good inventory of certified auto parts of the brand you are going to own. This is a pertinent problem with pre owned cars that their parts are tough to get. So it is advisable to be prepared to deal with the problem beforehand.

So, now you know that if you want to know about one, you will get innumerable Houston used car dealers and their contact information. And all within your easy reach. All you need is to focus your search with correct keywords, then just few clicks here and there and you are sorted.

New Cars Get Blessed in India

We all dream to get a new car. Now if you have decided to buy a new car, naturally you are feeling excited. Buying a new car is said to be a big investment but it can be rewarding if done in a proper way. Your try should be to get a good deal at a right price. To make it sure you need to make a thorough research and must be clear about few things in your mind. These tips to buy new car in India will help you to reach your decision. First of all do not purchase a car in a huff. Before buying a new car gather all important information such as mileage, technical details etc from various dealers. With loads of information available, you should first visit some virtual car shopping. This will help you to make a positive decision. There are many people who go for purchasing a new car with fixed notion for or against a specific car. Stay away from this type of trap and go for buying a new car with an open mind after considering all aspects of the car.

All cars come with different plus points. Some provide high mileage, some have great pick up, some are considered economical to maintain, and some have extra safety measures and so on. Before buying a new car you should be very clear about the priorities regarding car i.e. whether you want to have great mileage or good pick up. Also keep in mind other factors like seating capacity and size of your family. One of the important factors in selecting your new car is budget. Decide what is your maximum budget to buy a new car in India. If you are using some car loan then check what is the maximum EMI that you may easily afford on your current income. Buying a new car in India also includes hidden rates like registration, insurance, maintenance and fuel. Also check your overall income while deciding on the EMI amount. Indian people pay more attention to new cars. They are usually blessed in India. People take new cars to temple for Puja. They take great care of them and keep them clean and tidy.

Both diesel and petrol cars have their own advantages and disadvantages. Diesel engine cars are more affordable as compared to petrol engines; and have good pull of gears thereby decreasing the need of gear changing. The disadvantage of diesel engines is that they have high maintenance cost, slower pick up and create extra noise and vibration under acceleration. On the other hand, cars with petrol engines have good pick up and cheaper to maintain than diesel engine cars. Latest developments in auto industry have enabled petrol and diesel engines to overcome most of their disadvantages. Modern direct engine, Turbo-diesel, and rail systems have greatly improved the performance of diesel engine. Cars with petrol engines also had an impressive development with improvements in bhp, torque and mileage.

How to find used cars

To buy  <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=”http://www.mecarz.com/”>used cars</a> or know more about <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=”http://www.mecarz.com/”>used cars for sale</a>, visit <a rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=”http://www.mecarz.com/”>Mecarz.com</a>!You may have heard about used cars and great discounts.  Like different other great deals in the world you can also get a fabulous deal on used BMW X5.  Today everyone needs a car not only to commute but it is one of the safest forms of transport that poses least threat on your life in case of an accident.  Therefore, if you are looking to get a good deal in used cars for sale then you will have to get an access to the information that not many people have.  It is also important that you avoid different scams and do not go with the information that is published online. In order to find some good used cars for sale, you will have to follow these notes: Well, you must be wondering why people are interested in selling their cars when they are running in good condition.  To tell you the truth, almost 80% of the people who purchase a new car get it financed from the banks and when they are unable to pay that the loan the banks repossess their cars.  These cars are then offered to people in the form of used cars for sale.  In order to lay your hands on such a good car it is important that you keep yourself aware of such information before anybody else does.  Finding such sales will help you in getting the best bargain and will also keep you away from various kinds of scams.  But if you aren’t able to learn about different used cars sale by the banks then you should not get disappointed. There are some real good websites on the Internet that master in selling used cars at a very good and affordable price.  Not only they provide you with entire history of the cars but also let you modify your car according to your choice and need. The benefit of purchasing the used cars is that not only you are able to save a lot of money but you have very good option of selecting the car model that is new and is in excellent condition.  Whether you are looking to find used BMW X5 or any other series of Mercedes you very easily get from your used car dealer.  While purchasing your used BMW X5 make sure you make yourself aware about the history and the background of the car like if it has met with any kind of accident during its lifetime?  Scrutinizing and getting compete information will give you complete satisfaction and help you in making the right choice of purchasing a used car.  By following the above mentioned tips and notes you can easily make the best choice for yourself.