Data from the SMMT reveals that registrations of light commercial vehicles (LCVs) dipped nearly 30% year-on-year during April 2022 (see more on page 23). This brings into sharp focus the need for aftersales revenue streams for van retailers to offset this.
PARTNER FEATURE: For many motorists, the timing of vehicle purchases has long been guided by the cyclical nature of finance agreements. However, post-pandemic many dealers are reporting a shift towards ‘customer renewal’ rather than ‘vehicle renewal’, where a change in personal circumstances is the primary trigger.
PARTNER FEATURE: It might sound obvious to suggest that customers need to be engaged to stay loyal, but that doesn’t stop businesses in every retail sector favouring a one-size-fits-all approach to mass communication.
Two months full access to Auto Retail Profit website and two issues of the magazine, sign up for a free trial, no obligation & no payment details needed.
Popular Reads