As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
The motor insurance industry is projected to return to profitability in 2024 after two years of record losses, according to EY’s latest UK Motor Insurance Results.
Customers take on average 87 days before deciding, making early engagement with potential buyers essential for driving January sales.
Analysis from Cap HPI shows the used car market is performing strongly with average car values at three years and 60,000 miles declining only 1.1% month to date.
Current guidelines for converting classic cars to electric are overly restrictive making it difficult for owners to retain a vehicle’s original identity and registration, according to responses to the long-awaited DVLA call for evidence focusing on the future of the classic car industry.
The popularity of red as a colour choice for cars is plunging, with predictions that the colour option could be a thing of the past by 2037.
FixMyCar will launch its FixRated approved network of trusted garages in partnership with The Motor Ombudsman (TMO) in early 2025.
Motor trade vacancies are at their lowest level since October 2021, according to the latest IMI Automotive Vacancies Report.
FCA chief executive Nikhil Rathi joined Martin Lewis’ Money Show to address shortcomings about the regulator, as well complaints against lenders.
UK consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023, according to the FLA.
GSF Car Parts, the UK motor factor, has opened its new National Distribution Centre (NDC) in Wolverhampton.
The Competition Appeal Tribunal has approved two multi-million pound settlements as part of a long-running car shipping legal action.
Electric vehicle running costs have dropped by 15% to an average of 24p per KwH, the lowest level since 2021, according to new research.
Two fifths of car buyers are receptive to relevant advertising on social media to influence their purchase, according to research by Marketing Delivery.
Used car sales continue to show robust demand and improving pricing trends, according to the latest Auto Trader Retail Price Index.
Car supermarkets ramped up their efforts to boost profitability in November by increasing their inventory levels and prioritising younger vehicles, according to Motors’s Market View.
The UK achieved a new milestone in electric vehicle (EV) adoption last month, with EVs accounting for over 25% of all car registrations in November, according to New AutoMotive’s Electric Car Count.
The retail used BEV sector in the UK remains the most stable of the 13 major European countries in INDICATA’s monthly Market Watch report.
Members of the Finance and Leasing Association (FLA) are demanding that dealers that want to work with them must be SAF accredited by January 1.
Retail registrations dropped by 3.3% in November, while overall EVs accounted for over a quarter of the market due to "unsustainable" levels of discounting.
