The looming cost-of-living crisis has emerged as the most significant hurdle that dealers will have to grapple with next year, according to Close Brothers Motor Finance.
The UK new car market enjoyed its best November for four years with registrations staging a near return to pre-pandemic levels
The UK Chancellor has moved to boost advanced automotive manufacturing and industry apprenticeships as part of the UK’s latest budget review.
This week’s Government’s Autumn Statement could prove a pivotal point for UK motor retail businesses and their customers, according to the NFDA.
Close Brothers Motor Finance has raised over £2,000 for automotive charity, BEN, by taking part in the ‘Bangers4Ben’ rally.
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%.
Consumers are continuing to change their car buying plans because of the cost-of-living crisis according to the latest Forecourt Foresight research from Close Brothers Motor Finance.
An increasing number of automotive retailers are looking for online sales and technology to help save on costs and headcount, according to new research.
Car buyers are "releasing the handbrake" on their purchase plans, with six-in-10 planning to buy their next vehicle within the next 12 months, according to new research.
Motorists' responses to a survey conducted by Close Brothers Motor Finance suggests there is “overwhelming public backing” for an extension of the first MOT test from three years to four.
More than a third of car retailers claim that their business’ survival will be put at risk in the UK Government does not step in to provide support with their energy costs.
One-in-10 British drivers (10%) have been a victim of fraud when buying a car, research by Close Brothers Motor Finance has shown.
Almost a third of British drivers (32%) are planning to hold on to their current vehicle for longer than planned due to the cost-of-living crisis.
Nearly half (47%) of motorists planning to buy a new car in the next year would be prepared to pay more to avoid lengthy lead times, according to research.
The new Prime Minister will put jobs and economic growth at risk unless fast, focussed action is taken to mitigate against soaring costs in the manufacturing sector, the Society of Motor Manufacturers and Traders (SMMT) has said.
Supply chain issues causing delays for new car deliveries are causing greater reputational damage to franchised car retailers than their manufacturer partners, a car buyer survey has revealed.
Car buyers are deciding to withdraw from the market rather than wait for new vehicles to become available, according to new research by Close Brothers.
The cost of cars is the top-priority for car-buyers as the cost-of-living crisis bites, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.
UK’s new car registrations slumped to their worst June since 1996 after ongoing component supply issues contributed to a 24.3% decline - but the cost of living crisis is yet to bite.
Close Brothers Motor Finance have raised £35,000 for the Make-A-Wish Foundation and Cancer Research UK through a series of fundraising events.
