The forthcoming Spring Budget is a chance for Government to launch measures to boost the industry, focused largely on jump starting market demand for EVs.
Consumer demand, speed of sale and transactions in the used car market all rallied in February, according to the latest data from Auto Trader.
Auto Trader is giving all its retail partners early access to its new data solution Trended Valuations, as well as to newly enhanced Retail Check functionality.
The huge choice of EV cars coming on to the market combined with emissions targets could drive EVs to achieve price parity with their ICE counterparts.
Retailers can play a pivotal role in accelerating EV adoption by acting as guides, providing reassurance, and actively addressing consumer concerns.
Dealers are missing out on £31 million in profit due to under-pricing high demand stock, according to the latest data from Auto Trader.
The success of the EV market could pivot on two big political issues: the prospect of subsidies and the outcome of the forthcoming General Election.
Used EVs are now becoming a viable alternative to new models with sub £20,000 electric stock accounting for 25% of the market
Land Rover products dominated 2023 for the third year running, while other premium makes continued to deliver strong returns, according to Dealer Auction.
Consumer demand is robust, and cars are selling quickly, which combined with the slow return in supply, means retail prices continue to show more resilience.
The UK’s zero emission vehicle (ZEV) mandate that will force all manufacturers to make cars and vans emission free by 2035 is now law
Dealer Auction’s Retail Margin Monitor for November saw mainstream SUV brands offer dealers unique opportunities for profit
Auto Traders delivers 2024 outlook for the new and used car market
Auto Trader is increasing its marketing investment by 23% year-on-year in Q1 next year as part of a push to reach more UK adults.
Inchcape has drastically cut its exposure to used cars by taking the strategic decision to shutter eight of its 17 supermarket sites in the UK
The average retail price of a used car in November was 3.8% lower than a year previously, Auto Trader data shows, marking the third consecutive month of retail price decline.
The Office for Budget Responsibility (OBR) has significantly reduced its projections for electric vehicle (EV) registrations in the UK
The ‘secret sauce’ of the top 1,000 dealerships that makes then stand out is their friendly approach and rigorous efforts to make transactions easy
The UK Chancellor has moved to boost advanced automotive manufacturing and industry apprenticeships as part of the UK’s latest budget review.
An absence of consumer incentives could mean the EV market could be lacklustre next year with the SMMT revising down growth to a market share of 22.3%.
