A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
Shortages of key components including semiconductor microchips have prompted Jaguar Land Rover (JLR) and Mercedes-Benz to warn fleet customers of lengthy lead times and vehicle specification changes.
Record used car prices are not deterring new car buyers from switching into a used alternative to avoid the lengthy lead times triggered by supply shortages, according to Auto Trader.
The Karshare community car-sharing app has announced a £3 million funding boost that will help support its expansion in UK cities.
Toyota has revealed that it plans to cut its global vehicle production by 40% because of the impact of COVID-triggered semiconductor shortages.
Used car sales surged by 19.4% last week as strengthening consumer confidence delivered strong online leads and “a consistent level of footfall at retailer showrooms”, according Cazana.
Registration has officially opened for the Automotive Management (AM) Live 2021 car retail expo.
Car buyers heading into showrooms this September will be able to achieve discounts of up to 20% on a new car despite stock shortages resulting from the global semiconductor production crisis.
Premium SUVs and saloons from the likes of Lexus, BMW and Land Rover are the most in demand vehicles at Aston Barclay’s physical and online auction channels in August.
August 16’s change to the UK’s COVID-19 self-isolation rules have helped to ease car retailers staffing headaches as “slack” in the labour market eases concern of significant pay growth.
In the wake of a COVID-prompted shift in the way car retailers engage with their customers a panel of experts are set to debate consumer enquiry best practice in an AM webinar tomorrow.
Car manufacturers have cut back on discounting in Q3 this year, with average deposit contributions falling by 18% to £1,704 quarter-on-quarter, according to the latest data from AM.
Car retailers delivered a record return on sales of 2.13% in the rolling 12-month period to June 2021, according to the latest market data from ASE.
The average selling price of a used van has remained above £10,000 for the second consecutive month, at Manheim auctions.
MG Motor UK hopes to defy the new vehicle stock shortages being experienced other carmakers by ramping up imports with its latest shipment to Portbury Docks.
What Car? is predicting a surge in new car demand this September as it received record numbers of enquiries on its New Car Buying platform.
Cox Automotive has warned car retailers to brace themselves for a tough September and Q4 as the new EU trade agreement, a logistics “wages war” and evolving consumer habits present further uncertainty.
More than four-in-10 people (41%) of those looking to purchase a car would like to buy a zero-emission vehicle (ZEV), according to research by EY.
Used car sales rose 351.4% to a near record 2.17 million sales during Q2 of 2021 as new vehicle supply shortages drove increasing volumes of motorists into pre-owned models.
Marshall Motor Group has resumed the payment of dividends to its shareholders after delivering record revenues in a COVID-19 impacted first half of 2021.
