Lexus UK has cemented its position as UK car retailer’s favourite franchise in the National Franchised Dealers Association’s (NFDA) latest dealer attitude survey.
Cox Automotive is warning that LCV supply will be the lowest the wholesale market has seen for more than a decade, following record-breaking demand for used vehicles at auction in August.
Software-driven transformation is expected to help OEMs in automotive gain 9% higher market share on average than their peers.
The impact of car supply shortages has been blamed for a 20% decline in the volume of new business in consumer car finance in July.
Car retailers enjoyed a 364% year-on-year increase in profits during July as appreciating used car values boosted the sector, according to ASE.
More than a fifth (21%) of in-market new car buyers have been unable to test drive vehicles they are interested in, according to a new study by What Car?.
Performance electric vehicle (EV) brand Polestar has revealed plans to grow its global presence from nine to 30 markets by the end of 2022.
Cox Automotive has warned that car dealers across the UK will have to compromise on their usual stock demands in order to fill their forecourts in a sector now “starved of stock”.
SsangYong Motors UK has welcomed PJ Nicholls as the latest addition to its growing franchised car dealer network.
SMMT chief executive Mike Hawes has said that OEMs were doing “all they can” to deliver new cars to customers after the UK suffered its worst August sales performance since 2013.
The purchase price for electric vehicles is still the biggest barrier for car buyers in the UK, according to new research from Direct Line.
The 2015 Kia Sorento claimed the top spot for the fastest selling used car advertised on Auto Trader.
The percentage of dealers looking to recruit across all business areas is up from Q2 this year, according to the NFDA's latest HR survey.
UK car manufacturing output fell by 37.6% in July, the first fall since February with just 53,438 units made, according to the latest figures by the SMMT.
A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
Shortages of key components including semiconductor microchips have prompted Jaguar Land Rover (JLR) and Mercedes-Benz to warn fleet customers of lengthy lead times and vehicle specification changes.
Record used car prices are not deterring new car buyers from switching into a used alternative to avoid the lengthy lead times triggered by supply shortages, according to Auto Trader.
The Karshare community car-sharing app has announced a £3 million funding boost that will help support its expansion in UK cities.
Toyota has revealed that it plans to cut its global vehicle production by 40% because of the impact of COVID-triggered semiconductor shortages.
Used car sales surged by 19.4% last week as strengthening consumer confidence delivered strong online leads and “a consistent level of footfall at retailer showrooms”, according Cazana.
