Record used car value increases in September have been hailed as a “black swan event” by Cap HPI, with head of valuations Derren Martin describing the seventh consecutive month of rising prices as “extraordinary”.
Cambria Automobiles will officially relinquish its PLC status as of October 13 after chief executive Mark Lavery successfully completed his takeover bid this week.
The UK’s weekend fuel frenzy sparked a 61% rise in car buying interest in electric vehicles (EV) on Auto Trader and a 59% spike on carwow.
Polestar will embark on a £14.6 billion public listing as part of a strategy to fund “significant investment in products and the expansion of operations and markets”, it has revealed.
Almost 20% of British motorists say they are more likely to buy an electric vehicle (EV) following this weekend’s ‘fuel crisis’.
Electric vehicle (EV) sales outnumbered those of diesel cars across Europe as registrations declined by a further 18% year-on-year, Jato Dynamics has reported.
Arnold Clark chief executive Eddie Hawthorne has praised the “passion and grit” of employees at Scottish car retail group after its 2020 annual financial results showed a pre-tax profit of £156.5 million.
The car manufacturing industry has been accused of 'aggressive’ lobbying and making ‘unsubstantiated’ claims to derail EU plans to cut pollution from road transport.
Used car values are likely to rise to “another new level that once didn’t seem possible” according to BCA chief operating officer Stuart Pearson.
Fewer than one in five consumers are happy to buy a car remotely after only watching a personalised video or a live virtual walkaround, new consumer research has found.
Proposals that an electric vehicle (EV) tax should be introduced to help counter the loss of Government funding from the ban of diesel and petrol vehicles is supported by 38% of motorists.
SsangYong Motors UK has announced the addition of Close SsangYong to its franchised car retail network.
Motorline has revealed that Government furlough support and the sale of properties contributed to a 118% rise on pre-tax profits during a COVID-impacted 2020.
Cashflow is quickly becoming king as larger car dealers and used car supermarkets pay well above market valuations to secure used car stock, according to Shoreham Vehicle Auctions (SVA) managing director Alex Wright.
Used car prices rose by 16.6% during the first eight months of 2021 as an imbalance between supply and demand dictates that customers will “clamour for whatever stock they can get their hands on”.
More than one-in-10 nearly new used cars are now more expensive than their brand new equivalents as limited supplies and soaring demand delivered an 18.6% year-on-year rise in values.
The packed October edition of AM Magazine has now landed, serving up news and pictures from the AM Awards 2021, an exclusive interview with Nissan GB’s MD, Top Tips for car retail profitability and lots more.
Almost half of respondents to a recent survey by NAMA said they expect volumes of vehicles coming into auction to increase over the next month.
The Society of Motor Manufacturers and Traders (SMMT) has highlighted UK car makers’ 11.8% reduction in fleet carbon emissions in its latest Sustainability Report.
Almost a third (31%) of in-market used car buyers were originally planning to buy a brand-new vehicle, according to a new What Car? study.
