The Finance and Leasing Association’s (FLA) finance transactions data for June have shown a 1% rise in the volume of point of sale (POS) consumer new car finance business for the period.
Used car sales volumes declined by 2.6% year-on-year during the first half of 2018, despite remaining largely flat during the second quarter, the SMMT has reported.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Marshall Motor Holdings demonstrated the success of "strong management actions" in the first half of 2018 with a set of financial results which show profit before tax from continuing operations up 1.2% at £16.4m.
Car retailers across the UK could be faced with post-Brexit recruitment shortages unless free movement of labour within EU borders is agreed, according to Coachworks Consulting.
BDO is urging car dealers to submit their payroll details for its annual Motor Salary Survey as it aims to help businesses fine-tune levels of remuneration across 27 industry job roles.
Automotive market innovators The Auto Block will aim to revolutionise the car sales process with the creation of the sector’s first ever cryptocurrency.
A third of car dealers remain unaware of the date that the new WLTP fuel emissions test comes into force, according to a survey conducted by Manheim.
Bumper new car discounts prompted by the need for manufacturers and car dealers to sell-off stock ahead of the new WLTP fuel emissions legislation have been highlighted to consumers by What Car?
The used car market will shrink by 3.7% to 7.86 million sales during 2018, according to a forecast published by Cox Automotive.
Manufacturer support for new car offers ahead of the September introduction of WLTP and RDE tests generated a 1.2% rise in July registrations.
Jato Dynamics has warned that car manufacturers are running the risk of huge fines for failing to meet EU emissions standards after new WLTP CO2 emissions tests triggered a 10g/km average increase in vehicles’ published output.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
UK dealers saw profitability increase by 74% during Q2 this year, despite a slight slip in June’s performance, according to the latest figures from ASE.
The rise of contactless bank cards and chip and pin transactions have resulted in over half of UK adults “rarely” using an actual signature, according to new research.
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of between 16 and 23%.
Jaguar Land Rover made a £264 million pre-tax loss in Q1 this year compared to a £595m profit last year due to a slow-down in Chinese sales, the car manufacturer's financial results have revealed.
The Society of Motor Manufacturers and Traders has conceded that UK-based car makers are not ready for a ‘no deal’ Brexit after revealing that manufacturing levels had declined by 3.3% in the first half of 2018.
Half-way through 2018, some of the large volume car manufacturers are keeping APR rates at zero in the face of challenging market conditions.
