Volkswagen has removed all but one versions of its ID3 electric car, in order to shorten lead times amid the semiconductor supply shortage.
The Motor Ombudsman’s Knowledge Base online resource has achieved one million views since launching in January 2019.
Record UK inflation was accompanied by a further 29% year-on-year rise in used car values during January, according to data published by Auto Trader.
Constellation’s car retail rise, OEM’s agency model strategies and vehicle supply shortages were among the hot automotive retail topics up for discussion in the new AM News Show Podcast.
Used car dealers are focusing on sub-£15,000 models from mainstream brands this month, following a period of high demand for premium-badged cars.
A 127% surge in vehicle test drives during January suggests that demand remains buoyant and car buyers are “willing to wait for what they want”, according to iTrackLEADS.
New terms on buy-now-pay-later (BNPL) finance products introduced by the Financial Conduct Authority (FCA) have resulted in late payment fees being refunded to customers.
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
Could Constellation Automotive's move into the franchised car retail sector be a 'catalyst' for the sector's accelerated shift to agency retail models?
Used car retailers rallied against three months of COVID-enforced dealership closures and vehicle supply shortages to deliver annual sales up 11.5% year-on-year in 2021.
Used car buyers have been told they must “get used to a significantly older profile of vehicle” as supply shortages look set to continue into 2023.
Putting people first holds the key to success with the car retail agency model.
Offering car buyers the ability to buy a car in minutes online is expected to be one of six key trends dealers must embrace in 2022.
More than one-in-five nearly new used cars advertised via Auto Trader are now priced above their brand-new equivalents after a further 31.3% year-on-year rise in values during January.
Audi, Hyundai, Peugeot and Toyota were among the best new car registrations performers as Kia accelerated its sales to finish the first month of 2022 as the UK's best-selling brand.
2022 is off to a positive start, says the Society of Motor Manufacturers and Traders, which published data showing 115,087 new cars were registered in January, including 62,300 dealership sales to private buyers.
Used car buyers are less interested in fuel economy, despite rising pump prices, according to BuyaCar.
Used car stock levels and prices have remained stable in January, following a year of unprecedented growth.
Volkswagen Finance Services UK boss Mike Todd shares his thoughts on 2022's vehicle and motor finance markets.
Cox Automotive has published a prediction that new car registrations will increase by 14.1% this year.
