Auto Trader has raised concerns that the electric vehicle (EV) market is faltering after the cost-of-living crisis sparked the first post-pandemic decline in demand for zero-emission transport.
Electric, plug-in hybrid and hybrid vehicles accounted for more than half (53%) of business lease enquiries in Q3 2022, according to Leasing.com.
Stock shortages are expected to trigger a 3% decline in used car sales during 2023, despite a 19% uplift in new car registrations, according to Auto Trader.
Over half (50.8%) of car buyers in the market are looking to place an order or buy a vehicle before the end of 2022, research by What Car? has found.
Former car retail group leader explains why marginal gains are more important than ever in as the sector heads into a period of reduced demand, poor supply and increased costs.
In the latest edition of AM Magazine David Francis takes deep-dive into the UK's new car registrations and asks: "Has the market finally reached 'peak premium?'"
Ford remains in pole position to finish 2022 as the UK's best-selling automotive brand after growing its registrations once more in November.
Used car retailers were urged to be aware of the “risks around affordability” as motorists seek out older, more affordable cars to mitigate against the continued rise in values.
The Society of Motor Manufacturers and Traders (SMMT) said that new car registrations were being energised by electric vehicle (EV) uptake as November delivered 23.5% year-on-year growth.
Half of consumers (52%) who bought a car using PCP are expected to refinance them, rather than trade in for a new car at the end of the contract, according to research by NTT Data UK&I.
Used car values declined 0.4% month-on-month but remained 45% ahead of pre-pandemic “norm” during November, according to the latest data from Auto Trader.
Consumer demand for motor finance remains strong despite surging interest rates, with engagement up 46% on pre-pandemic levels according to Auto Trader.
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
ICDP managing director Steve Young believes the decision of Stellantis, Ford and Volvo to delay their roll-out of the agency model retail agreements for their franchised car dealers is a positive step.
Franchisees from Stellantis’ UK dealership networks have told AM of their support of the car manufacturing giant’s plan to delay the roll-out of its agency model agreements by six months.
The Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said that more favourable conditions for investment are “needed and needed urgently” to ensure UK car manufacturing’s 2023 recovery.
The automotive retail sector’s supply issues and buoyant used car residual values have been described as a “happy accident” preventing the motor finance sector from “blowing up”.
The automotive sector will be able to “grow and thrive” despite a whole list of issues facing the sector in a challenging 2023, the Vehicle Remarketing Association (VRA) has said.
Rising new car registrations from Volkswagen, Ford and Toyota suggest carmaker’s are starting to learn to deal with the impact of semiconductor shortages on their manufacturing operations, according to Jato Dynamics.
The automotive sector's 20-year high vacancy rate has led to increased demand and greater salaries, research completed by the Institute of the Motor Industry (IMI) has found.
