Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
Dealers plan to cut back on staff training, headcount and social media spending as the cost-of-living crisis continues to harm businesses.
Used car price growth accelerated to 2.3% year-on-year in a market that Auto Trader has asserted is in “robust health”.
Used electric vehicle (EV) values have continued to decline as falling values dent dealer confidence but boost affordability for car buyers looking to make the zero emissions transition, Cap HPI has said.
Just 17.7% of potential electric vehicle (EV) buyers would consider owning a zero-emissions car if they couldn’t charge it at home, according to a new study.
The Society of Motor Manufacturers and Traders has laid out its blueprint for the UK to become one of the world’s most competitive locations for advanced automotive manufacturing in the electric vehicle (EV) age.
Wholesale van sales volumes grew 6% year-on-year as Cox Automotive experienced a supercharged start for its light commercial vehicle (LCV) remarketing operations in the first two months of 2023.
Chinese electric vehicle (EV) brand BYD has revealed that it is planning to establish a UK retail network of 100 dealerships by the end of 2025.
The Finance and Leasing Association has forecast a 6% decline in the value of the UK car finance sector in 2023 – with used car finance falling by 12%.
Research has shown that dealers worked hard to convert enquiries in February and saw a 3.4% increase in the number of test drives. However, sales fell by 7% and handovers by 27%.
Mercedes-Benz customers travel further to showrooms than any other car buyers, as consumers increasingly look to purchase locally, research has found.
eBay Motors Group has said that dealers may have to "work their marketing harder" to reach car buyers earlier and maintain leads until potential customers are ready to buy.
Tesla has risked further hit to used car residual values and increases to monthly finance payments with further price cuts to certain models in its electric vehicle (EV) line up.
Used examples of Nissan’s Leaf electric vehicle (EV) have defied the recent slump in pre-owned EV values to top Dealer Auction’s Retail Margin Monitor rankings in February.
Car dealerships will “not be viable at a 100% BEV mix” unless significant action is taken to change their business model, a new report has concluded.
Volkswagen Group, Nissan and Dacia were among the new car market’s triple digit percentage growth winners as car manufacturers celebrated a seventh month of UK automotive sector growth in February.
The UK’s new car market experienced a 26.2% year-on-year rise in registrations to register a seventh consecutive month of growth, The Society of Motor Manufacturers and Traders (SMMT) has reported.
Strong demand for used vehicles, compounded by ongoing supply restrictions in the new car market, have driven growth in retail prices across the board last month.
The National Franchised Dealers Association (NFDA) has submitted evidence on the fast-changing automotive sector to the Department for Business and Trade’s (DBT) amid concerns new Block Exemption rules may “leave too much unsaid”.
Previous poor reliability with a vehicle has put nearly a third of in-market buyers off from purchasing from the same brand again, research has found.
