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.
The National Franchised Dealers Association (NFDA) has questioned the findings of a global KPMG survey in which automotive executives suggested up to 50% of car dealerships could close by 2030.
Automotive executives believe that 30% to 50% of car dealerships will be closed by 2030, according to KPMG’s Global Automotive Executive Survey 2019.
The consumer car finance market grew 1% by volume during December according to the latest figures published by the Finance and Leasing Association (FLA).
Dealerweb has found that dealers across the UK saw revenues grow from new and used sectors in January while finance penetration increased.
A lack of “good quality and desirable stock” has not been enough to stall rising used car prices as demand from consumers defies the uncertainty caused by Brexit, according to Cazana.
Car dealers showed their ability to adapt to challenging market conditions by achieving an average profit of £2,900 during December, ASE has reported.
The National Association of Motor Auctions predicts that February will be a “strong month” for auction houses as volumes and conversions rates are expected to increase.
Automotive graduates were among the hardest hit by pay declines in the automotive sector as demand for technicians and logistics workers delivered a salary shift in 2018.
