Signs that the retail-driven new car market might have started to falter towards “a significant downturn” are starting to ask questions of dealers’ preparedness, says Duff & Phelps.
Consumer new car finance volumes fell by 11% but continued to rise in value according to figures released by the Finance and Leasing Association (FLA).
Opel and Vauxhall hopes to avoid plant closures with a new plan which it hopes will return the brands to profitability with a 2% operating margin by 2020 and 6% by 2026.
BCA’s has seen used car prices rise to a new record high in October, with values rising 2.7% to £9,364.
Hundreds of car retailers and suppliers are set to flock to Birmingham’s NEC as AM hosts the second annual Automotive Management expo at the venue today.
European car registrations suffered a 2.2% decline in September with Jato Dynamics partly blaming “Brexit uncertainty” for the faltering market.
Sustained success in automotive retail will demand a more conservative reappraisal of residual values, according to MotoNovo.
The National Association of Motor Auctions (NAMA) has reported a 13.6% rise in the average used car price as the average mileage at auction reached their lowest point on record.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
The Kia Sportage secured back-to-back success as Auto Trader’s fastest selling used car by securing the top spot once again in September.
The SMMT has blamed uncertainty surrounding the future of diesel cars and a Brexit-induced hit to consumer confidence for a 9.3% slump in new car registrations during September.
The practicalities of ‘filling up’ electric cars could limit the mass-market appeal of ultra-green vehicles, according to a report by the RAC Foundation.
September’s plate change may be more aggressive than usual due to manufacturers scrambling to drive sales with scrappage schemes.
Overall franchisee satisfaction scores are down for 22 out of 29 manufacturers in the NFDA's latest survey of dealer sentiment.
According to research by Sainsbury’s Bank Loans, 83% of motorists will haggle when buying a car.
New car registrations grew by 5.4% across Europe during August 2017 as the UK suffered a 6.4% fall for the same period, according to figures published by Jato Dynamics.
China and India will boost worldwide sales growth in 2017 and 2018 as the market approaches 100 million new vehicle sales despite ongoing decline in the US and UK markets, according to Euler Hermes.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Consumer new car finance volumes declined 7% year-on-year during July but rose 10% in the used sector during July, according to figures published by the Finance and Leasing Association.
Consumers change their cars more often than they do their smartphones as their mindset shifts towards “usership rather than ownership”, according to HPI.
