Inchcape’s growing profitability from global vehicle distribution were offset by a challenging retail sector during 2018 – with revenues up 3.6% but underlying profit before tax down by 6.5%.
Used car values declined during February for the first time since 2008 as car retailers begun to show signs of "reluctance" to squeeze their profit margins any further, according to Cap HPI.
Carwow has created an online tool to predict car costs after no deal Brexit, which motorists fear will make vehicles more expensive.
The Mercedes-Benz GLC-Class appeared to flood the UK used car sector in January as Auto Trader revealed that the premium SUV had been its fastest selling used car during the first month of 2019.
Auctions halls around the UK were heaving in 2018 as many dealers turned to the used sector to bolster profits. The result was the unusual phenomenon of high used volumes and record prices.
BCA is reporting strong demand for luxury, prestige and supercar vehicles early in the year following a special Top Car sale
Carwow, Motorline and Autorama all came under the scrutiny of the Advertising Standards Authority (ASA) after complainants highlighted flawed claims about the savings they could achieve for motorists.
BCA’s monthly Pulse Report has revealed that used car volumes rose ‘significantly’ in January as average values returned to more typical levels following the seasonally affected values recorded during December.
New car prices have increased by up to 49% since Britain voted to leave the EU, according to data published by Parkers.
Honda has confirmed its plan to close its Swindon car manufacturing plant as it attempts to accelerate its electrification strategy “in light of the unprecedented changes” affecting the automotive sector.
Auto Trader’s Retail Price Index has shown that diesel was “constantly the fastest selling fuel type” for used cars in 2018, as diesel values remain resilient.
AM is launching a new event in 2019, The Automotive Retail Congress, designed to help motor retail’s business leaders at car dealerships, manufacturers and mobility providers scope future opportunities for their organisations.
Just 53% of motorists understood the terms and conditions of their last car finance deal, according to research commissioned by Europcar Mobility Group UK.
Coachworks Consulting has suggested that car dealers will be forced to adopt “guerrilla tactics” to sell new diesel-engined cars when the new 19-plate is introduced in March.
Crossovers and SUVs are on the verge of becoming the dominant bodystyle for all cars
Cox Automotive has reported that volumes of nearly-new diesel vehicles declined in January as the used car sector showed stability by “following its normal seasonal pattern”.
Local Government leaders have called on Central Government to create a £1.5 billion vehicle scrappage scheme that could remove nearly half a million older polluting vehicles off UK roads and incentivise the adoption of new low-emission transport.
Dacia’s Sandero hatchback tied with the Duster and Ford EcoSport SUVs as January fastest-selling used cars, according to data provided by Indicata.
A total of 7.9 million used car sales were completed in 2018 as the sector experienced a 2.1% decline in volumes, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The Vehicle Remarketing Association (VRA) has added its support to the British Vehicle Rental and Leasing Association’s (BVRLA) response to the current Government’s WLTP consultation.
