The servicing and maintenance of electric vehicles (EVs) requires a third less labour than petrol or diesel cars, reducing aftersales revenues for dealers.
Used car values continued to grow on a year-on-year basis in July, although the rate of growth is softening.
The UK’s new car finance suffered its “largest contraction” in new business volumes since February 2021’s COVID-19 lockdown period during June, according to new data published by the Finance and Leasing Association (FLA).
Performance-leaning Cupra outsold its mainstream Catalonian sister brand Seat as its new Born electric vehicle (EV) tapped into the car retail sector’s only growth segment during July.
A 9% dip in new car registrations in July delivered a fifth consecutive month of sliding sales in a UK automotive sector which continues to be hampered by the global manufacturing crisis.
Car retailers should be urging electric vehicle (EV) customers to switch to variable 'smart' electricity tariffs amid warnings of an eight-fold surge in home charging costs.
Image-conscious Brits don’t want to be seen driving a car that’s more than five years old, according to a new survey.
Used car values remain “resilient” despite a 1.1% July dip in advertised values which represented a sixth consecutive month of retail price decline, according to eBay Motors.
Chinese electric vehicle (EV) manufacturer NIO is stepping up its European expansion with a new factory in Hungary.
The number of people who plan to own an electric vehicle (EV) in the next decade has fallen, according to a new study by CarGurus.
Most car owners (55%) still buy their car from a showroom, increasing to 64% of over 55s, compared to 38% of under 34s, research by InsuretheGap.com has found.
Electric vehicles (EV) look set to reshape the UK’s car retail sector in the years ahead, with a fifth of dealers telling Auto Trader that they will never sell purely battery-powered zero-emission vehicles.
Europe’s electric vehicle (EV) and plug-in hybrid sales suffered their “biggest fall on record” in June as Tesla’s Chinese factory closures and Russia’s invasion of Ukraine took their toll on production.
One-in-three (36%) Londoners plan to sell their vehicle in the next six months due to the proposed ULEZ extension alongside the rising cost of living.
Volkswagen Group expects its vehicle supply issues to improve in the second half of 2022, with a more “normalised” model mix expected to reach its car retailers.
Recent increases in fuel prices have caused 37.94% of drivers previously not in the market for an electric car to consider one as their next vehicle.
The Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said there is “optimism” about the UK’s car manufacturing sector after output grew 5.6% year-on-year in June.
Demand for electric vehicles (EVs) has increased by 72% in Q2, according to leasing.com.
Data from Epyx shows that a lower proportion of electric vehicles (EVs) return to the franchised dealer network than equivalent petrol and diesel models.
Car retailers will have to cope with reduced margins and increased competition as changing market conditions spell the end of “super profits”.
