China and India will boost worldwide sales growth in 2017 and 2018 as the market approaches 100 million new vehicle sales despite ongoing decline in the US and UK markets, according to Euler Hermes.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Consumer new car finance volumes declined 7% year-on-year during July but rose 10% in the used sector during July, according to figures published by the Finance and Leasing Association.
Consumers change their cars more often than they do their smartphones as their mindset shifts towards “usership rather than ownership”, according to HPI.
Tesla has delivered the first batch of its entry-level Model 3s but the company is facing considerable production challenges to meet consumer demand.
The National Association of Motor Auctions expects the market to “remain stable” after first time conversion rates increased by 3.8% in July.
Auto Trader has revealed that diesel car searches have lost their dominance as the impact of proposed anti-diesel legislation and continued publicity surrounding NOx emissions is felt.
Analysts from Cap HPI have briefed staff from the Bank of England on the current condition of the UK new and used car markets.
Post-Brexit tariffs and trade barriers could add 10% to UK car servicing bills, costing car owners an extra £70 per service, according to research carried out by the SMMT.
Used car prices “bucked the trend” for a July decline to remain at their most stable rate since 2012, according to Cap HPI.
A 13.7% decline in the number of cars being manufactured in the UK in June has caused the SMMT to revise its target of producing two million cars a year by H2 of 2020.
Almost one in three buyers will stay with a trusted dealer, irrespective of price
Autonomy is coming, and the industry’s biggest manufacturers are already putting the building blocks of the technology in place.
Wholesale funding software experts at Sword Apak expect that the UK used car market will "remain resilient” in the face of both economic and political changes during 2017.
Retailers and suppliers across the automotive sector have expressed their concern over a continued period of uncertainty after Theresa May’s bid for a stronger mandate backfired in last week's general election.
The year’s busiest month for car registrations could be followed by a significant fall if the UK follows the pattern of April results already recorded by key European markets.
Fleet again props up the market as just five brands account for 80% of 48,236-unit rise in first-quarter registrations
Used car values dropped by 1.6% during April with sectors defined as Lower Medium and City Car by Cap HPI seeing the biggest slide.
A survey of 6,000 garages across the UK has identified that franchised retailers charge an average of 40% more than their independent rivals for an hour's workshop labour.
The Government has pledged its continued grant support to motorists buying an EV as it announced £109 million of funding for research into autonomous cars and low-emissions transport.
