Company car drivers choosing a pure electric vehicle (EV) will pay no benefit-in-kind (BIK) tax in 2020/21 following a Government review which looks set to boost sales of emissions-free cars.
Car dealers concerns about the roll-out of the new RDE2 Real Driving Emissions car testing standards in September are ‘unlikely’ to manifest themselves in a WLTP-like impact on the market, according to Cox Automotive.
Used car buyers are increasingly choosing to buy longer warranties when buying cars from independent dealers, finds the RAC.
The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.
The production of cars in the UK declined by 15.5% during May as demand from domestic motorists for home-built vehicles slumped by 25.9% year-on-year, the SMMT has reported.
Car manufacturers have been accused of setting environmental concerns on one side by delaying their delivery of electric vehicles (EVs) to the market as they prioritise efforts to ‘cash-in on SUVs’.
Europe’s highest volume of May new car registrations since 2007 helped to maintain a degree of stability in the market last month – with a sales increase 0.2% across the month.
The UK automotive sector suffered its most severe downturn in business conditions for six-and-a-half years between April and May, according to a survey published by NatWest and IHS Markit today.
Diesel’s market share drops to 27.7% YTD as Euro 6 benefits appear lost on consumers
Hyundai’s petrol-powered Tucson SUV was the UK’s fastest selling used car for a third consecutive month as it was joined at the top of the fast-turn rankings by Vauxhall’s Crossland X during May.
TDR Capital is in advanced talks to buy BCA Marketplace for £1.9bn.
Unpredictable trading conditions prompted a drop in retail demand for 65% of car dealers, according to the latest sentiment survey from Modix.
The motor finance sector’s prime lenders appear to be tightening their lending rules just at a point in time when used car retailers need greater flexibility from their motor finance, says Startline.
Car dealerships are more appealing than ever according to the findings of a survey which found 55% of car buyers now plan to make a visit.
The mass adoption of hybrid vehicles is the most efficient way to lower global vehicle CO2 emissions amid a shortage in the supply of batteries to full electric vehicles (EVs), according to Emissions Analytics.
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.
