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The automotive industry is, without question, going through a major period of change. The knock-on effect of the COVID-19 pandemic paired with a shift in consumer buying habits is challenging business leaders to squeeze the most out of their assets.
Franchised dealerships and authorised repairers are no exception. Showrooms across the country have had to close their doors and watch on as buyers turn to the used car market to meet their needs.
Data released by the Society of Motor Manufacturers and Traders (SMMT) backs this up, with a staggering 4.4% increase in used car sales during Q3 of 2020.