The number of car manufacturers is predicted to halve in the space of a decade as mobility solutions and a decline in vehicle ownership start to take hold of the market, according to KPMG.
Expected fall in overall registrations masks dramatic changes within vehicle segments
Car dealers have shared insight into the challenges they face in 2018 as part of an interview series conducted by Oodle Finance – with Brexit and online sales emerging as their most pressing concerns.
The Driver and Vehicle Standards Agency (DVSA) will give manufacturers a 10-day deadline before it legally forces them to recall vehicles or face prosecution
The used car market slowed in July, according to Cap HPI.
Inchcape’s UK trading profits were down “significantly” over the first half of this year as pre-registration activity put pressure on new and used car margins.
Ford has created a new autonomous vehicle division and will invest $4 billion to accelerate the brand’s growth in the market over the next five years.
Over 4.7 million drivers are paying for car finance each month in the UK at the cost of £1.07 billion.
A WLTP-prompted shortage in the supply of new vehicles has resulted in daily rental companies turning to the used car market to replenish their fleets, the Vehicle Remarketing Association (VRA) has said.
Motorpoint has posted a short trading update where it said trading in Q1 has delivered “solid sales and profits”.
Car buyers’ ‘increasing arrears and default rates for customers with the lowest credit scores’ are among areas of consumer credit which remain a concern, the FCA has stated in its annual report.
The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
Petrol is closing in on diesel as the most popular fuel type among UK car buyers, according to Auto Trader’s online search data.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
The continued decline in the uptake of apprenticeships has prompted business chiefs to suggest that the Government’s target of creating three million new apprenticeships by 2020 “does not look possible”.
McLaren Automotive has announced a £1.2 billion plan to launch 18 new vehicles by 2025 and expand its retail network.
Used car values rose 3% at Manheim auction houses and 11% on the Dealer Trade online trading platform but dipped 10% on the consumer-facing Motors.co.uk website during June, Cox Automotive has revealed.
A specially-commissioned AA Populus poll of 10,293 drivers has revealed that 35% of motorists expect to own an EV within the next ten years – with younger drivers leading the change.
Ford is the most favoured manufacturer among second-hand car buyers, according to research into used buying trends by AA Cars.
TC Harrison has highlighted the negative economic effects of the Brexit vote in a set of 2017 annual financial results which show an 8.7% fall in profit before tax.
