Dealer part exchanges saw a “healthy rise in prices” on the back of strong consumer demand and restricted supplies of older used cars caused by industry scrappage deals, according to Aston Barclay.
Private new car registrations were April’s highlight as the new car market starts to show signs of “balance” but diesel car prices have faltered in the used car sector, according to Cazana.
A third of drivers have postponed a new car purchase due to economic uncertainly, yet 82% are planning to purchase a new vehicle within the next three years.
Solid-state batteries are expected to be a game-changer for the growth of the electric vehicle (EV) market.
Audi’s Q5 was the fastest selling used car in March, taking an average of 19 days to leave forecourts.
Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
Demand for UK-built cars saw a double-digit decline during March to leave the manufacturing sector’s Q1 output down 6.1%, the Society of Motor Manufacturers and Traders has revealed.
Auto Trader has reported that online searches for diesel powered used cars stabilised in March as their price failed to keep pace with their petrol equivalents.
Peugeot’s 3008 SUV has been named as the ‘best car to own’ following positive customer feedback from owners who took part in the Driver Power Survey 2018.
UK car dealers cannot rely on manufacturer support indefinitely after Vauxhall took the decision to terminate all its retail network contracts, according to restructuring advisory practice Duff & Phelps.
Electric vehicle used values rose by 41% during Q1 of 2018 as the overall average used car value rose by 5.3%, according to Autorola.
Franchised car retailers will benefit from growing sales of electric and hybrid vehicles as consumers consider them their most trusted option for maintenance and servicing, the NFDA’s Consumer Attitude Survey.
Franchised car dealers could see their new car sales “largely replaced” by manufacturers’ online retail platforms and mobility schemes, according to KPMG research to be discussed at the AM Digitech conference.
Buyers of new Porsches spend an average of £7,121 on optional extras, the highest in the market according to Cap HPI.
Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.
Jato Dynamics has concluded that changes to vehicle emissions test standards across Europe are set to “result in higher purchase and ownership” costs for motorists.
Strong competition for used car stock saw prices rise by an average of 1.7% at auction, according to the monthly BCA Pulse report.
The Government’s gender pay gap reporting demands could “remove barriers” and create greater opportunities for women to rise to the top of the automotive retail sector, it has been suggested.
Car retailers posted a monthly loss of £18,000 in February as new car margins continued to deteriorate ahead of a disappointing month of registrations in March.
New drivers are spending an average of £4,627 on their first car, with the Ford Ka the most popular model.
