UK car dealers remain ‘resolutely optimistic’ despite Brexit, diesel vehicles’ negative press and increased competition for used car stock in 2019, according to Close Brothers Motor Finance.
Dragon2000 has urged dealers to ensure they are compliant with the Government’s new Making Tax Digital service, designed to make it easier for businesses.
Used car dealers sold Ford Kas more quickly than any other used car last year, according to data from Indicata.
Grey cars were the most popular among new car buyers in 2018, overtaking black as the UK’s favourite.
The D segment – down 26% – neared MPV levels of unviability in the UK in 2018, as Nissan leads the biggest volume fallers
Finance and Leasing Association (FLA) data for November has shown a 1% decline in point of sale (POS) consumer car finance by volume, compared with the same month in 2017.
Manheim research has revealed that the Vehicle Excise Duty (VED) supplement on vehicles costing over £40,000 has caught customers unawares.
Jobs within franchised car dealerships emerged as the UK automotive sector’s most lucrative in an average salary survey conducted by InAutomotive.
A price rise of 15.5% during 2018 propelled petrol-powered used cars to record levels, according to online remarketing specialist Autorola.
Jaguar Land Rover and Ford are preparing to implement cost cutting plans which will result in thousands of job losses for the UK’s automotive sector.
Additional used car stock is part of the 2019 business plan of 52% of car retailers during 2019 – as 65% target growth in the sector.
Strong competition for used car stock drove average values to a record £10,141 at December’s auctions, BCA Pulse has reported.
In the wake of the Society of Motor Manufacturers and Trader’s fully-year 2018 new car registration figures, Cazana valuations director, Rupert Pontin, delivers his market analysis for December, 2018.
Car retailers avoided a repeat of the record losses incurred during November 2017 with their trading during the penultimate month of 2018, but still posted an £8,500 average deficit.
Volvo Cars achieved record global sales success in 2018, with over 600,000 vehicles sold for the first time in its history.
Cambria Automobiles has reported that increased profit per unit generated by its luxury franchise portfolio helped to mitigate the effects of a 24.9% slump in new car sales during the three months to the end of November.
Three quarters (74%) of business leaders expect the general economic condition of the country will decline over the next 12 months, according to Ipsos Mori research.
The Volkswagen Golf was the most popular car searched for on Auto Trader in 2018, overtaking the BMW 3 Series after an eight-year reign.
Used car values fell by 1.7% in December as demand weakened and dealers targeted stronger returns at the start of 2019, according to Cap HPI.
Auto Trader has revealed that the average price of a car advertised on its used car retail platform reached an all-time record high of £12,967 in November.
