New car sales were down 15.8% in April 2022 versus April 2021, to 119,167 registrations. The SMMT data shows a -33.3% decrease in large fleet registrations.
Arnold Clark chief executive Eddie Hawthorne, Pendragon chief marketing officer Kim Costello and Auto Trader’s chief operations officer Catherine Faiers are among the headline speakers at this year’s Driving Digital conference.
Auto Trader has been awarded Gold Carbon Literate Organisation accreditation from the Carbon Literacy Project (CLP).
Auto Trader director of data and insights Richard Walker has stated that suggestions of tumbling used car prices “unfounded” – but conceded that demand is softening.
Auto Trader brand director Marc Palmer asserted that “areas of affluence” are the UK’s hotspots for interest in electric vehicles (EV) as the cost-of-living crisis continues to squeeze car buyers’ purse strings.
Used car prices have risen for the 98th consecutive week, according to Auto Trader, with cars selling at the fastest rate in five months.
Auto Trader has reported that used cars are selling at record speeds, despite a continuation of year-on-year value increases.
Auto Trader is set to take control of the Vanarama leasing business after agreeing a deal to acquire its parent business Autorama.
Demand for electric vehicles (EVs) is increasing as fuel prices spike, according to Auto Trader.
The number of people looking for electric vehicles (EVs) on Auto Trader’s marketplace has declined from a high of 26%, in late September 2021, to just 16% in February.
As the automotive retail sector today embraces International Women’s Day (March 8) AM’s latest News Insight feature investigated the hurdles to improved diversity and inclusion (D&I) and the benefits it can bring.
Many car dealers are still “missing out on the full potential of digital retailing” according to a joint report created by Auto Trader, ICDP and the National Franchised Dealers Association (NFDA).
BCA has suggested that high used car valuations could prove a “safety net” for car retailers as Russia’s invasion of the Ukraine compound cost of living concerns to impact consumer confidence.
Record UK inflation was accompanied by a further 29% year-on-year rise in used car values during January, according to data published by Auto Trader.
More than one-in-five nearly new used cars advertised via Auto Trader are now priced above their brand-new equivalents after a further 31.3% year-on-year rise in values during January.
Auto Trader has made its Auto Trader Connect real-time car retail market data portal free to all advertisers in a bid to help car dealers adapt with a market “moving at record pace”.
The Nissan Leaf has topped Auto Trader’s Fastest Selling Index for 2021, with the average example taking just 17 days to sell from dealer forecourts.
Dealer attitudes suggest a level of uncertainty about a 2022 car retail market increasingly defined by vehicle availability, the transition to electric vehicles (EV) and moves from manufacturers towards an agency franchise model.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
The supply of new electric vehicles (EVs) to UK dealers is under threat due to a lack of financial incentives, when compared to other European Countries.
