A Review of New Technology in the Motor Trade

The motor trade is constantly evolving and technology is advancing in such leaps and bounds that it is actually keeping up. For years people within the industry had to rely on their own resources to make a success of their businesses.

In the industry today there are new technologies constantly being introduced. Some of the advances we have seen in the past included the assisted braking in vehicles to ensure that drivers were safer on the roads and then there were the three point seat belts.

Today technology is so advanced that people within the industry can start making the most of the things available. One of the exciting developments are the self-drive cars which are already being tested in the USA. These vehicles have been designed to drive themselves according to the Google Maps software, they will advise the driver when they need to take over the control of the vehicle but on long distance drives, the driver can sit back and relax.

Interestingly only one accident has been reported with these vehicles and it was parked stationary at a traffic light and was bumped from behind.

Another exciting development within the trade that is being introduced around the world is the intelligent speed adaption. This technological advancement has already been introduced in many countries around the world where the vehicle will actually slow down its speed to ensure it doesn’t’ accidently bump into the vehicle in front of it.

For the Trade

While there are so many advances when it comes to the vehicles themselves, it is the actual technology which benefits your business that you are interested in. We have already seen so many car dealers benefiting from the internet and websites available. The ability to list vehicles as they come in and put them up for sale either in a classified listing or via an auction site has already improved sales.

If you think about it the internet has become a way of life and the majority of clients will search for vehicles online and even book test drives directly from their computer or smart phone.

Which brings me to the next technological advancement and that is the smart phone with internet capabilities and an app for everything. You’ve probably heard the saying there is an “app for everything.” This couldn’t be truer and one of the apps available enables you to search a vehicle according to the registration number to ensure it is not stolen and has never been written off, a fantastic technological app for the motor trade when buying cars for resale.

Brought to you by Motor Trade News.org

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How Much Money is There in Being a Motor Trader?

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Being a motor trader can bring in fantastic financial rewards depending on what sector of the industry you choose and how you manage your business.

As with any business, management is key. If you work hard to market yourself, increase your profits and decrease your expenses you are on the road to success. When looking at the difference between car dealerships and mechanical workshops, it's easy to see that a mechanical workshop could be the financially viable option.

People need their vehicles repaired, they need them serviced and as a legal requirement, they need to have their MOT test carried out annually. This means that mechanical workshops will have a constant flow of clientèle from repeat and referral customers to new customers.

On the other hand car dealerships that sell used cars may be financially better off than those that sell new cars. Cheaper vehicle sales may be a more viable option over the newer and expensive vehicles.

New and expensive vehicles requires most purchasers to obtain finance. These days financial institutions have become very strict in handing out credit. In fact obtaining credit can be almost impossible for many as the lending rules have chances with the financial crisis we have just experienced. So even though dealerships that sell these vehicles probably make more profit per vehicle sold, they don't sell as many vehicles as a car dealership that sells affordable second hand vehicles that a purchaser can pay for in cash.

Most people who join this industry do it because they love the industry. You find the majority of mechanics have been tinkering with vehicles since they were young, huddled up in the garage with Dad on a weekend repairing a vehicle or fixing the farm equipment when they lived in a village. Mechanics is something that has grown on them and pushed them towards this career.

As a mechanic in a company you can earn a decent salary, most workshops will offer above average salaries to those employers who are in demand. Maybe you specialise in certain vehicles or have knowledge about vehicles that none of the other employees have. This puts you in demand and takes the strain off the owner and in turn, can lead to a higher pay cheque at the end of each month.

If you really want to know how much money you can make as a motor trader then you have to think about how you manage your business and the demand for your services. These two combined can offer fantastic financial rewards in the long run.

This post is brought to you by www.motortradenews.org 

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