Cazana director of valuations Rupert Pontin has claimed that its data suggests there is ‘no evidence’ to support suggestions of a significant decline in used car values in recent months.
UK car manufacturing output declined by 44.5% in April as a result of factory shutdowns scheduled by manufacturers in anticipation of import difficulties resulting from a March 29 Brexit.
Car buyers interest in electric vehicles (EVs) peaked following disruptive protests by environmental activists Extinction Rebellion in London last month.
Fiat Chrysler Automobiles has proposed a €32.6 billion (£28.3bn) all-share merger with Renault to forge a new alliance that could save the Italian carmaker “in excess of €5 billion”.
Franchised dealers need to recruit more technicians, target increased retail work and address poor workshop utilisation to buck the trend of “an institutionalised acceptance of low overhead absorption”.
Used car values have experienced their most severe May decline since Cap HPI’s records began in 2012 and the heaviest monthly drop since December 2014.
Europe’s new car registrations in April matched 2018’s record high for the month as petrol and electric vehicles (EVs) mitigated the effects of declining demand for diesel.
Car buyers searching for a used electric vehicles (EVs) are being "pushed out" of the market by prices after average values rose by 11% to £23,361 during April, Auto Trader’s Retail Price Index has revealed.
The UK will need to invest £1.6 billion in electric vehicle charge points during the next decade in a bid to service an estimated seven millions EVs, according to a study by Deloitte.
The public accounts committee has criticised the Department for Education’s (DfE) “poor execution” of the Apprenticeship Levy after the number of new starters slumped by 26% in 2017/18.
The latest round of Euro NCAP safety tests has found that the new Renault Clio and Mazda 3 hatchbacks are among the safest cars currently on sale.
Franchised dealers are failing to sell almost half of the urgent jobs identified during the service process, costing them more than £400m per year according to new data from autoVHC.
A “market correction” has wiped £500 to £1,000 off the price of the some used cars during May, according to data published by Cap HPI.
A bank holiday-induced dip in consumer demand has been blamed for a 4.6% decline in the average price of a used car sold at auction during April in BCA’s monthly Pulse Report.
Honda’s confirmation of plans to close its Civic-producing Swindon factory following a three-month consultation process have been described as “a betrayal of the workforce”.
Volvo has become the third largest manufacturer in the personal leasing market, according to Leasing.com.
Daimler has announced bold electrification plans which will see its entire passenger car portfolio of Mercedes-Benz, Maybach and Smart vehicles become carbon-neutral by 2039.
Drayton Motors has entered AM’s Best UK Dealerships to Work For for the third consecutive year after it became an “invaluable” tool to gather honest opinions from staff about the business.
Traditionally the used car market in April is buoyant and there are plenty of retail buyers on the forecourt but that has not been the case in 2019.
European car retailers are already experimenting with Mobility as a Service (MaaS) solutions and UK retailers should be staking their own claim, according to Automotive Retail Congress speaker Giuseppe Marotta.
