The challenges facing the used car market (and how to conquer them)
The post-COVID used car market has grown exponentially over the last three years, sending demand through the roof and prices sky-high. But, as the semiconductor shortage eases and cash-rich buyers turn back to new car finance, in-market experts are starting to question whether this is simply a bubble on its way to bursting, and how dealers can continue to succeed if it does.
Karen Hilton, CEO of quality used car marketplace Heycar; Jacqui Barker, Global OEM Director at Keyloop; Nigel Hurley, CEO of CarShop; and Martin Miller, owner of EV Experts, join us for the next instalment of Autocar Business Live as we will discuss how used car dealers and OEMs can overcome the current challenges facing the market.
As the post-Covid used car boom continues to throttle back, we explore how dealerships and online retailers can tackle the challenges head-on and continue to succeed despite an easing semiconductor shortage turning buyers back to new car finance. How long until the used car bubble bursts (if it ever does)? Which used models are seeing the most success? How will falling prices for used electric cars affect the market? Is Q1’s rise in leads cause for long-term optimism?
We’ll answer those questions and more in this live, free-to-join webinar, getting our experts to pass comment and give advice in this challenging time.
The webinar will be hosted by Autocar’s Mark Tisshaw, as we take a deep-dive into used car trading in these tough times.
Audience members will be able to submit questions during the event, which will be addressed during the webinar, time permitting.
Autocar Business is our industry-focussed brand, which provides news and insight into the business of the automotive world.
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SpeakersMark Tisshaw Editor Autocar
Karen Hilton CEO heycar
Jacqui Barker OEM Director Global (Alliances Team) Keyloop
Nigel Hurley CEO CarShop
Martin Miller Founder EV Experts Ltd
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Mark is a journalist with more than a decade of top-level experience in the automotive industry. He first joined Autocar in 2009, having previously worked in local newspapers. He has held several roles at Autocar, including news editor, deputy editor, digital editor and his current position of editor, one he has held since 2017.
From this position he oversees all of Autocar’s content across the print magazine, autocar.co.uk website, social media, video, and podcast channels, as well as our recent launch, Autocar Business. Mark regularly interviews the very top global executives in the automotive industry, telling their stories and holding them to account, meeting them at shows and events around the world.
Mark is a Car of the Year juror, a prestigious annual award that Autocar is one of the main sponsors of. He has made media appearances on the likes of the BBC, and contributed to titles including What Car?, Move Electric and Pistonheads, and also writes a regular column for The Sun.
He graduated from Norton College in Sheffield in 2008 with an NCTJ journalism qualification.
Karen has been working in automotive and technology sectors for the past 15 years with experience across the landscape from operations, strategy development and digital innovation.
Karen started her career working for Volkswagen and BMW Group in the UK, before going on to join the senior management teams at high-growth start-ups Nested and carwow.
As CEO of heycar UK, she is responsible for the growth of heycar in the UK market, scaling their presence from launch three years ago to achieving over 200 million visits per year in 2022.
Jacqui has a wealth of experience in the automotive industry and has worked extensively with OEMs to build partnership opportunities and unlock revenue streams. Her career started in media with the launch of 3 motoring magazines before she transferred to digital by launching the OEM channel at AutoTrader, after 5 years she worked with Summit/drivvn to launch digital stores for OEMs. At Keyloop she is focused on expediting the brand’s extensive tech capabilities to support automotive technological transformation, and on delivering a seamless customer experience across the automotive retail journey