Used car sales slowed as the average price of a car advertised for sale declined by 4.7% in Q2 according to eBays Motors data which showed the impact of the UK’s growing cost-of-living crisis.
High new and used car prices will continue to drive the motor finance sector's growth by value despite a cost-of-living crisis that will “subdue consumer spending in the coming months”, the FLA has said.
Startline’s Used Car Tracker has revealed that 63% of dealers have changed the types of cars they are stocking in response to the cost-of-living crisis.
Consumer awareness has emerged as a key hurdle for emerging electric vehicle (EV) brands including Fisker, NIO, and Lynk & Co ahead of their UK market launches, according to new What Car? research.
Kia, MG, Hyundai and Dacia were among the top performing car brands in the UK as they defied the automotive sector’s supply issues to swell sales through their dealer networks.
The growth leaders for UK new car registrations are offering models with an average monthly personal contract purchase (PCP) price of just £230.50.
UK’s new car registrations slumped to their worst June since 1996 after ongoing component supply issues contributed to a 24.3% decline - but the cost of living crisis is yet to bite.
As the UK’s automotive retail sector digests the new car registrations data from H1 2022, AM’s David Francis takes an in-depth look at the trends in the first five months of the year.
Over a third of motorists plan to abandon their cars in favour of public transport if fuel prices continue to rise above their current average of over £100 for a tank of petrol.
Used Land Rover models delivered the largest margins for dealers in May, according to data from Dealer Auction’s monthly Retail Margin Monitor.
TG Holdcroft has reported a £100 million increase in turnover during 2021 after growing its portfolio with new Alpine, Dacia, MG and Renault car dealerships.
The UK is now the only used car market in Europe where the value of vehicles continues to fall, according to data published by Indicata.
A magnificent seven electric vehicles (EV) topped Auto Trader’s fastest-sellers rankings for June and proved that car buyers are currently clamouring to avoid soaring fuel prices by embracing zero-emissions transport.
The UK car manufacturing sector was described as “deeply troubled” as soaring energy costs and competition from the EU tempered optimism following the first uplift in productivity for 10 months.
Franchised car retail needs to find a new “middle ground” to retain profitability and high levels of customer service when vehicle supply crisis finally ends, the AM News Show has been told.
As Smart Charge Point regulations dictating that domestic electric vehicle (EV) charge points must be 'connected' are rolled out this week consumers have been assured there is "no need to worry".
Lookers has said that it will maintain its relentless focus on operational optimisation and cash management as “significant inflationary pressures” impact car retail sector’s trading performance.
Urgent action to address a 50% rise in energy bills is UK car manufacturers’ “number one ask” as the sector seeks help from Government, the Society of Motor Manufacturers and Traders (SMMT) has said.
Marshall Motor Group’s car manufacturer franchise partners have given their backing to the AM100 retail group’s new Constellation Automotive leadership team.
Hyundai and Kia defied car manufacturing’s supply shortages to grow their European market share by 10% year-on-year during May.
