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.
New car registrations declined by 1.6% despite a 2.9% increase in the number of private buyers starting 2019 with the purchase of a new vehicle.
European car manufacturers are concerned that a new EU-Japanese trade deal could see them lose ground in the UK to Asian rivals, according to UHY Hacker Young.
Used diesel values have dropped by more than 10% since 2017, as demand shifts towards petrol models.
The Financial Conduct Authority (FCA) has opened consultation on new rules which would require firms to publish General Insurance (GI) value measures data in a bid to improve transparency for consumers.
Rising overheads, increased competition, sourcing the right stock, Government policy and Brexit are all set to impact car dealers in 2019, according to responses to the CarGurus One Voice Report.
The threat of a ‘no deal’ Brexit halved the influx of fresh investment into the UK’s car manufacturing sector, according to the Society of Motor Manufacturers and Traders (SMMT).
The UK market suffered Europe’s largest decline in registrations during a year in which the region delivered its highest new car registrations total since 2007.
