The average cost of a used van or LCV sold in BCA's auctions during July was £10,220, a 4.2% rise month on month, as used car costs rose by 2.9% to £9,464.
The Lexus LFA has emerged as the most searched-for 'rare' car, in a study by confused.com.
Stellantis will pause production of its Peugeot SUVs and Opel models destined for mainland Europe as semiconductor shortages continue to impact production, it has been reported.
A growing divide in the used car sector is seeing values decline among older vehicles in poorer condition as retailers remain ‘laser focussed’ on fast selling stock, BCA has said.
Car retailers are having to “work harder” to maintain sales as consumer demand begins to falter, Cap HPI has reported.
The new Prime Minister will put jobs and economic growth at risk unless fast, focussed action is taken to mitigate against soaring costs in the manufacturing sector, the Society of Motor Manufacturers and Traders (SMMT) has said.
The vast majority of consumers do not factor in the new car plate change as part of their buying decision, according to a new poll by Motorpoint.
The price of electricity has become the main reason for buyers to decide against buying a new electric car, according to Riverdale Leasing.
Suzuki GB director of automobile believes that a hybrid vehicle supply model might make the most sense for the UK’s car retail sector when the current manufacturing crisis eventually subsides.
Supply chain issues causing delays for new car deliveries are causing greater reputational damage to franchised car retailers than their manufacturer partners, a car buyer survey has revealed.
Car retailers will need to help focus on electric vehicle (EV) solutions for fleet operators ahead of an expected surge in sales opportunities for zero-emission cars.
Subaru delivered a shock by surging to a second-placed ranking in Dealer Auction’s Retail Margin Monitor.
Car retail businesses have been told to focus on gross profit and cutting expenditure as a period of ‘stagflation’ is ushered in by sustained inflation and rising unemployment.
Holidays in the sun are being prioritised above car purchases ahead of a tough winter which is expected to see the UK slide into recession amid ongoing inflation, Cap HPI's Derren Martin has suggested.
Older vehicles are creating problems with service history, preparation and breakdowns, as 86% of dealers express issues.
Used Land Rover Defender models are the most desired at auction, according to Aston Barclay’s desirability index.
APD has launched ProfitPlanner+, a new budgeting and forecasting software system that integrates and streamlines data between OEMs and dealer networks.
A ‘seismic’ High Court ruling over a landmark case involving RCI Financial Services and Mackie Motors has paved the way for a seven-day termination period for franchised car retailers, it has been claimed.
Sub-two-year-old cars priced over £20,000 were the 'sweet spot' for dealers in July, according to the latest eBay Motors Group Market View.
The UK is set to slip into recession this winter as rising fuel and energy costs stymie economic growth, the Bank of England warned as raised interest rates by 0.5% today.
