Ahead of this week’s publication of Q1 new car registrations figures by the Society of Motor Manufacturers and Traders (SMMT), AM takes a look at February's trends and how Russia “threw a hammer and sickle into the works” of a 2022 recovery.
Growing concerns about the automotive supply chain, a potential energy crisis and consumer confidence crash are feeding fears about the impact of the Ukraine-Russia war on UK car retail.
The COVID-19 pandemic, the rise of the agency model retail model and new vehicle supply shortages have convinced many car retail bosses that it is the “right time to exit” the business – triggering a three-fold rise in dealership sales.
Jaguar Land Rover (JLR) has committed to reducing greenhouse gas emissions across its operations by 46% by 2030.
New monthly research looking at consumer and dealer sentiment in the used car market will be launched in mid-April by Startline Motor Finance.
Used car dealers can use the Consumer Rights Act and the FCA's proposed Consumer Duty plans to improve consumer perceptions of the industry, according to MotoNovo.
The Society of Motor Manufacturers (SMMT) has called for stakeholders to match the automotive industry's commitment to deliver zero emission mobility.
Used car prices have risen for the 98th consecutive week, according to Auto Trader, with cars selling at the fastest rate in five months.
JBR Capital has launched a new sustainability initiative, in partnership with Carbon Neutral Britain, to reduce the environmental impact of its clients’ cars.
Auto Trader has reported that used cars are selling at record speeds, despite a continuation of year-on-year value increases.
Subscription models could help new car buyers who are hesitant about electric vehicles (EV) make the switch, according to the latest research by What Car?.
The UK’s large car retail groups and PLCs will be joined by international investors and disruptors such as Cazoo and Constellation Automotive in what is likely be a record year for mergers and acquisitions.
Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.
Affordable, easy access electric vehicle charging is required on “virtually every residential street”, according to research conducted for a new whitepaper on the growth of zero-emissions transport.
Car retailers driving towards an omnichannel sales journey could be subject to a double-whammy of “complex” new taxation, it has been suggested.
Perrys Motor Group managing director Darren Ardron told the AM News Show Podcast that it felt like the car retail sector was getting “back to reality” in 2022 – but highlighted reasons for optimism.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
Porsche delivered a record number of new cars in 2021, with almost 40% of those sold in Europe powered by an electric or plug-in hybrid powertrain.
Almost one in two motor finance applications made during 2022 will happen online, according to new figures compiled by iVendi.
