Dacia, MG Motor UK, Seat, Toyota/Lexus and Volvo were among the top performing brands to defy 2019’s 2.4% new car sales decline with impressive sales growth driven by new model launches.
New car registrations ended 2019 at a seven-year low after falling 2.4% in a third consecutive year of decline, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The used car market defied any market uncertainty created by the General Election to deliver its strongest December performance since 2012, according to data published by Cap HPI.
Electric vehicles (EV) are the UK’s fastest-selling used cars, according to market data analysed by Cap HPI – taking an average of just 39 days to leave car dealers’ forecourts.
BMW and Daimler have withdrawn their ShareNow car sharing scheme from the UK amid a lack of appetite from consumers.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
PSA Group and Fiat Chrysler Automobiles (FCA) have signed a binding “combination agreement” to begin the process of merging to create the world’s fourth largest car manufacturer by volume.
More than three quarters (78%) of motor trade businesses located in the North East have revealed that they recruited under-qualified technicians in a bid to plug the sector’s skills shortage.
A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
Car dealers may experience a used car sales performance blip after voters head to the polls for today’s General Election 2019 but the sector is “performing pretty well” in challenging times, according to Cazana.
Renault’s Zoe electric vehicle (EV) has claimed the title of Auto Trader’s fastest-selling used car 2019 after claiming the top two places in its monthly ranking of vehicles delivering a speedy sale.
Car retailers are being advised to hunt down hybrid used car stock after research revealed that consumer demand for the alternative fuel vehicles (AFV) is outstripping demand by eight-to-one.
Kew Vehicle Leasing claims to have become the first leasing broker to openly disclose the amount of finance commission it receives on all regulated Personal Contract Hire (PCH) agreements.
Car retailers in the North East of England have the biggest car finance penetration success according to a new compiled survey of over 2,000 UK motorists, conducted by Opinium for InsuretheGap.com.
The average UK car retailer saw profitability decline by 75% year-on-year in October and is likely to end 2019 with a 9% overall reduction in overall profit, ASE has reported.
Consumer interest in electric vehicles (EV) grew by 126% in Q3 of 2019 according to data compiled for a Europe wide ‘EV Index’ to determine various markets’ progress in the adoption of alternative fuel vehicles (AFV).
Almost half of car dealers expect to deliver growth in the coming 12 to 18 months despite the uncertainty surrounding the impending General Election, Brexit and the roll-out of electric vehicles (EV).
Increased economic uncertainty in the run up to the UK’s upcoming General Election has been blamed for a slow-down in recruitment for automotive sector job roles.
The Society of Motor Manufacturers and Traders (SMMT) has reported a 1.3% decline in new car registrations during November as private and business demand continued to falter in the run-up to this month's UK General Election.
High performance electric vehicle (EV) emerged from the latest round of Euro NCAP crash test with top safety ratings, with both the Porsche Taycan and Tesla Model X emerging with five stars.
