A ‘no deal’ Brexit will see car registrations volumes slip back top levels last seen in the 2009 recession, algorithms created by Frost & Sullivan have determined.
A cross-party group of MPs have demanded that Government imposes an outright ban on the sale of all petrol and diesel vehicles by 2032 in a bid "fast track" adoption of electric vehicles (EVs).
Average prices of cars reached a new record high in quarter three, according to Autorola’s latest used market report.
Car dealers can improve customer satisfaction by providing online part-exchange prices and simplifying the administration process at point of sale.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
As wider consumer trends and preferences change, successful companies such as Netflix and Spotify provide evidence of a growing move towards ‘subscription’ services.
New car registration data released by the Society of Motor Manufacturers and Traders (SMMT) for September saw a quantum shift from the August return that saw such an uplift in registrations.
Cuts to the Government’s ULEV plug-in car grants have been attacked as “short-sighted” and “frankly bonkers” by industry experts left questioning the move amid a drive to cut emissions by encouraging EV adoption.
Auto Trader has reported that the average price of a used car offered for sales on a dealer forecourt reached a record high of £12,853 during September.
Cox Automotive and Grant Thornton have delivered analysis of diesel car sales, vehicle ownership trends and continued retailer consolidation ahead of Brexit after teaming-up to produce an automotive sector Insight Report.
BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
Marshall Motor Holdings has expressed its aim of focusing on its “strong balance sheet” in a trading update issued in response to the introduction of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
The Society of Motor Manufacturers and Traders (SMMT) has launched a new Brexit Readiness Programme in an effort to help safeguard UK’s automotive supply chain.
Car dealers reported an 11% increase in used car sales during September as the average value of each sale declined by 8%, according to EnquiryMAX.
Jaguar Land Rover will follow recent moves to cut 1,000 agency and place workers at Castle Bromwich on a three-day week with a two-week manufacturing freeze at its Solihull plant.
Seat emerged as the car manufacturer offering new car customers the biggest discounts in the latest Target Price report compiled by What Car?.
Trade prices for used cars have reached such a high level that dealers relying on finance and insurance (F&I) for profitability, the Vehicle Remarketing Association (RMA) has said.
Car buyers are selling their vehicle, on average, within 20 months of purchase, according to Tootle.
The number of cars sold on finance grew by 9% in August, when compared to figures for the previous year.
Volkswagen Group brands accounted for 49% of the UK’s total registrations decline of 20.5% (87,336 vehicles) as the brand’s WLTP-related supply woes were felt by car retailers in September.
