A price rise of 15.5% during 2018 propelled petrol-powered used cars to record levels, according to online remarketing specialist Autorola.
Jaguar Land Rover and Ford are preparing to implement cost cutting plans which will result in thousands of job losses for the UK’s automotive sector.
Additional used car stock is part of the 2019 business plan of 52% of car retailers during 2019 – as 65% target growth in the sector.
Strong competition for used car stock drove average values to a record £10,141 at December’s auctions, BCA Pulse has reported.
In the wake of the Society of Motor Manufacturers and Trader’s fully-year 2018 new car registration figures, Cazana valuations director, Rupert Pontin, delivers his market analysis for December, 2018.
Car retailers avoided a repeat of the record losses incurred during November 2017 with their trading during the penultimate month of 2018, but still posted an £8,500 average deficit.
Volvo Cars achieved record global sales success in 2018, with over 600,000 vehicles sold for the first time in its history.
Cambria Automobiles has reported that increased profit per unit generated by its luxury franchise portfolio helped to mitigate the effects of a 24.9% slump in new car sales during the three months to the end of November.
Three quarters (74%) of business leaders expect the general economic condition of the country will decline over the next 12 months, according to Ipsos Mori research.
The Volkswagen Golf was the most popular car searched for on Auto Trader in 2018, overtaking the BMW 3 Series after an eight-year reign.
Used car values fell by 1.7% in December as demand weakened and dealers targeted stronger returns at the start of 2019, according to Cap HPI.
Auto Trader has revealed that the average price of a car advertised on its used car retail platform reached an all-time record high of £12,967 in November.
The SMMT has attributed UK car manufacturing’s “serious” decline in productivity of 19.6% during November to falling business and consumer confidence caused by Brexit.
Car dealers are once again being advised to think carefully about the wording used to advertise ex-rental vehicles following Pendragon’s £134,000 fine from the Trading Standards team at Middlesbrough Council.
Petrol powered used cars showed signs of increased popularity against their diesel counterparts at auction during November, according to statistics published by NAMA.
Electric vehicles (EVs) and hybrids remain the fourth-ranked vehicle search criteria among potential car buyers researching their next purchase online, according to Sophus3.
TyreSafe investigations have revealed that a “shocking” 99% of part-worn tyre retailers were selling illegal and dangerous tyres.
The impact of the new WLTP vehicle emissions test regime on new vehicle supply has been laid bare by new car finance data published by the Finance and Leasing Association (FLA).
The Renault Grand Scenic was the fastest selling used car in November, taking an average of 17 days to sell according to Auto Trader.
AM is seeking the opinions of readers to establish whether car retailers’ plans to reduce their investment on headcount 2019 could spark a shift towards a push towards improved recruitment and training.
