This episode is sponsored by Castrol and The Race Group, to learn more about Castrol Service please visit https://www.castrol.com/en_gb/united-kingdom/home/partner-with-us/independent-workshops.html In this episode of On the Ramp, we sit down with Jamie Caple, owner of Car Quay, to discuss the highs and lows of running a used car dealership. Jamie shares his journey from the collapse of his previous business to rebuilding from the ground up, all while navigating the unpredictable world of used car sales. We explore the realities of stocking facilities, the impact of market fluctuations, and the challenges of maintaining profitability in a tough industry. Jamie also provides insights into the importance of preparation efficiency, managing risk, and staying adaptable in a rapidly changing market. If you’re an independent garage owner or thinking about moving into car sales, this episode offers valuable lessons on resilience, business strategy, and the mindset needed to succeed. 00:00 - Introduction 04:25 - Leaving the previous business and facing legal action 20:05 - External factors influencing vehicle sales 31:01 - Castrol sponsorship segment 32:15 - How real-world events impact bookings and average invoice values 35:00 - Government inefficiencies and their effect on small businesses 37:53 - Are you working on your business or in your business? 42:55 - Beyond AutoTrader: Other strategies for growth 45:48 - Why people are drawn to stories of business failure 47:49 - Receiving legal papers just before Christmas 01:04:13 - Selling electric vehicles: Opportunities and challenges 01:07:21 - Preferred fuel types and the future of the market 01:11:00 - The role of workshops and MOTs in a dealership 01:13:59 - The importance of charisma in modern car sales 01:20:21 - How warranties impact customer confidence 01:28:21 - The role of third-party finance companies in car sales 01:31:41 - Sales functions and strategies for success 01:45:23 - The purchasing process and making smart stock decisions 01:50:18 - Identifying your strengths in business 01:53:29 - Key advice for new business owners 02:06:58 - Where do you see yourself and the business in five years? Subscribe for more industry insights and expert conversations. #UsedCarSales #AutomotiveBusiness #CarQuay #OnTheRamp #IndependentDealership