Brexit headwinds have been blamed for an 11% decline in new car purchase enquiries to UK car dealers during March.
Used cars are selling almost 20% faster on Scotland’s forecourts than the UK average of 31 days, according to data published by CarGurus – taking an average 25 days to turn.
Motorpoint Group has said that it expects to report a 6% increase in revenues and a 10% increase in underlying profit before tax in its forthcoming annual financial results to March 31, 2019.
Car consumers have been turning to shorter lease lengths with less money upfront amid Brexit and general new car market uncertainty, new data from Leasing.com suggests.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer car finance market increased 2% by volume and 6% by value in February 2019.
Used Hyundai Tucsons left dealer forecourts faster than any other car in March, according to a new report from Indicata.
Electric vehicle (EV) charging specialist Ionity will open the first of 50 planned 350kWh rapid charge stations in the UK next month - with the remaining sites to be added over the next 18 months.
Ford sold more than 9,500 fewer cars during March to top to the table of the month’s biggest registrations decline by volume during the crucial ‘plate change month.
The SMMT has called on Government to bring an end to the threat of a ‘no deal’ Brexit to restore consumer confidence following a 3.4% decline in new car registrations during March.
Car retailers were unable to take advantage of a milder February on their forecourts as profitability statistics published by ASE showed a £19,600 loss during the month – matching 2018’s performance.
Strong demand for used diesel vehicles has resulted in a 5.6% increase in values during Q1 as part of an apparent resurgence in popularity, according to data published by Autorola.
The number of people taking up Apprenticeships in January were 21% down on the same month in 2017, despite showing a 15% year-on-year increase at the start of 2019.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
The problem of vehicle clocking is one the rise with one-in-14 cars on UK roads showing “mileage discrepancies”, according to research carried out by Cap HPI.
With Brexit looming and the uncertainty of what that will mean for the industry, it’s fair to say that Q1 2019 has been like no other for UK automotive dealers.
Nearly three quarters of car owners (71%) have said they are now considering an electric vehicle (EV) as their next car, up from 25% in September 2017, according to research by Auto Trader.
A ninth consecutive month of declining car production at UK manufacturing plants should serve as “a wake-up call” for anyone who thinks the sector could survive a ‘no deal’ Brexit, the SMMT has said.
Cap HPI has reported that used car values have “softened” during March as the SUV segment defined an overall average decline of 0.9% at three years and 60,000 miles.
Used car stock levels have risen by 12% year-on-year, according to Motors.co.uk.
Tesla’s Model 3 outsold the BMW 3 Series, Audi A4 and Mercedes-Benz C-Class as it became Europe’s fastest selling electric vehicle (EV) during February.
