The Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said there is “optimism” about the UK’s car manufacturing sector after output grew 5.6% year-on-year in June.
Demand for electric vehicles (EVs) has increased by 72% in Q2, according to leasing.com.
Data from Epyx shows that a lower proportion of electric vehicles (EVs) return to the franchised dealer network than equivalent petrol and diesel models.
Car retailers will have to cope with reduced margins and increased competition as changing market conditions spell the end of “super profits”.
Cox Automotive predicts that the UK’s new car market will end 2022 on 1.62 million registrations after downgrading its forecasts to acknowledge the “reality” of the sector’s global supply crisis.
Car buyers are deciding to withdraw from the market rather than wait for new vehicles to become available, according to new research by Close Brothers.
Used car retail prices continued to fall in June, according to Indicata.
Car retail business have been advised to "flex" staff bonuses and salary sacrifice schemes to mitigate against the impact of the cost-of-living crisis as UK inflation continues to soar.
The battery health of electric vehicles (EV) “must” join age and mileage as a key used car valuation metric, but new legislation might be required, it has been claimed.
Wholesale used car values rose by 8.8% month-on-month at BCA auctions across the UK during June as the remarketing giant recorded its first price growth of 2022.
More than a third of in-market car buyers have decided to delay their purchase due to rising living costs.
Vauxhall’s zero-emissions Corsa-e hatchback has emerged as the most desirable’ car at Aston Barclay auctions as EVs and premium cars attract the most attention from buyers.
Despite signs that the UK’s cost-of-living crisis is starting to impact the value of older vehicles, there are no signs of prices “crashing” in the used car sector, Cap HPI’s director of valuations has told AM.
The cost of cars is the top-priority for car-buyers as the cost-of-living crisis bites, according to Close Brothers Motor Finance’s Dealer Satisfaction Survey.
Demand for GAP insurance quotes and extended warranties for alternative fuel vehicles (AFVs) is rising year-on-year (YoY), data from Intelligent Motoring shows.
The average retail price of a used car has grown for the 27th consecutive month, reaching £17,252 in June, up 41.5% on June 2019.
Jaguar Land Rover (JLR) has revealed that it will roll-out an agency model retail agreement for its car retail franchisees by 2024 – but has refused to comment on potential network cuts.
The average age and mileage of used cars at auction has continued to rise in the second quarter of 2022, according to Autorola.
Nissan has been accused of attempting to carry out a “cloak and dagger” restructure of its franchised car retail network which will axe some of its longest serving and top-performing franchisees.
Demand for new and used vehicles falls again in June, marking the fourth consecutive month of declines, data from iTrackLeads has found.
