Fluctuations in the value of used cars and the wider adoption of ever-faster remarketing platforms have driven the used car market to become more “complex and volatile” in 2019, Cap HPI has reported.
The Finance and Leasing Association (FLA) has reported that new business in the point of sale (POS) consumer car finance sector rose 5% by volume during July.
Franchised car retailers are offering discounts of up to 40% of a vehicle’s original list price in an efforts to offload their pre-registered 19-plate stock during the September ‘plate change month.
Car retailers saw their used car stock turn speed up as an influx of pre-registered cars onto their forecourts led to the swift sale of nearly new vehicles, according to Indicata.
August delivered evidence of significant pre-registration driven by the requirement for market share and the need to register WLTP cars in the face of the arrival of RDE2 legislation.
Inchcape has generated £76m with the disposal of six Volkswagen, BMW, Mini and Jaguar Land Rover (JLR) retail sites in Australia.
More than half of used car retailers reported that they had achieved the same or improved margins during August, according to a Cox Automotive Dealer Sentiment Survey.
Online car sales will number over a million across the globe in 2020 as rapid growth drives a further six-fold growth by 2025, according to research conducted by Frost & Sullivan.
Franchised car retailers have a role to play in disproving the challenges of electric vehicle (EV) adoption if consumers are to wholeheartedly adopt new AFV technology, writes Mike Morris, chief executive of Nexus Infrastructure and its subsidiary eSmart Networks.
Consumers looking to buy a 69-plate electric vehicle (EV) in September could be scuppered by a shortage of vehicles entering the market – leading to greater demand for used EVs.
Kia Motors UK managing director Paul Philpott has said that the brand can achieve 120,000 vehicle sales after projecting a record 97,000 sales for the brand in 2019.
Honda emerged as the National Franchised Dealers Association’s (NFDA) most improved franchised in the Summer 2019 Dealer Attitude Survey amid the roll-out of its ambitious network restructure.
Jaguar Land Rover (JLR) is scaling back its Dual Arch dealer network upgrades after pushback from retailers over the level of investment required.
Car buyers are two-and-a-half times as likely to purchase a car of they have been introduced to a car dealerships manager during their visit to a showroom, JudgeService has revealed.
The point of sale (POS) car finance market posted year-on-year declines of 3% by volume and 2% by value across both new and used car sectors during June, according to the Finance and Leasing Association (FLA).
Franchised car retailers benefited from a 5% rise in the volume of vehicles presented at their dealerships for maintenance, according to vehicle health check provider autoVHC.
MPs who suggested that climate change targets require many UK motorists to ‘ditch the car’ completely by 2050 have questioned the commitment of car manufacturers and dealers to the promotion of alternative fuel vehicles (AFVs).
Only a quarter of car buyers visit a car retailer’s website when researching their next new car purchase, according to a study carried out by CitNOW.
The importance of the car for everyday mobility has been highlighted by a survey in which 79% of motorists claimed that owning a vehicle was “essential for everyday life”.
The 10 car manufacturers offering the biggest discounts to buyers accounted for almost half of the UK’s registrations during the first half of 2019, according to What Car?.
