BCA chief operating officer Stuart Pearson has said that buoyant 2018 used car values may have created ‘unrealistic expectations’ among used car dealers after another year-on-year decline at its auctions.
Car retailers increased their stock of used cars by an average of 15% in May but took longer to sell vehicles according to analysis of year-to-year trends analysed by Motors.co.uk.
The majority of car retailers expect at least 10% of dealerships in the UK to close within the next five years, according to the findings of the latest Cox Automotive Insight Report.
Car dealers registered a “marginal” year-on-year improvement in profits during April, according to ASE – the month’s average total amounting to £5,000.
Car dealers need to work harder to offer customers a single payment car ownership solution in a bid to embrace the opportunities of an emerging shift towards subscription services.
iVendi claims that retailers can shed new light on car and van buying behaviour with technology that allows it to track customer journeys across various website visits.
A third of all customer records currently held by UK franchised dealerships are inaccurate or incomplete, potentially preventing them from exploiting a surge of MOT and service work.
The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks.
Despite volatile alternative fuel vehicle (AFV) values and reports of significant decline across the sector, there is ‘no need' for car retailers to heavily write back stock values, according to Cazana.
Car dealers pushed hard to realise the benefits of car buyers’ increased interest in used cars during May – with the number of prospecting calls up by 21% during the month.
JudgeService has urged dealers to focus on improving customer satisfaction and attention to detail to help drive stock turn and avoid “book” drops.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April.
Ford’s Bridgend car manufacturing plant will close in 2020 with the loss of 1,700 jobs, according to union officials.
FCA Group has withdrawn its proposal of a “transformational” merger with Renault after representatives from the French government stalled a potential deal.
The automotive industry could be facing a new 'petrolgate' emissions scandal as Emissions Analytics uncovers discrepancies in new petrol car CO2 figures.
Less than half of small business owners (41%) believe electric vehicles represent the future of transport in the UK.
Auto Trader data recorded a 14% rise in car buyers searching for electric vehicles (EVs) during May, but the 2012 Ford Focus Estate emerged as the online marketing platform’s fastest-selling car.
Jaguar Land Rover (JLR) and BMW have announced that they are embarking on a partnership to help them develop the next-generation of electric vehicles (EVs).
New car registrations dipped further into decline as the Society of Motor Manufacturers and Traders (SMMT) recorded a further 4.6% fall during May – leaving the UK’s total sales 3.1% down year-to-date.
Brexit is yet to have an impact on used car values in the UK according to Cap HPI’s latest analysis of the UK automotive sector.
