An 11.1% June uptick in used car prices on Auto Trader suggests that dealers have been making efforts to realign their advertising to accommodate recent months’ wholesale price surge.
Consumer car finance growth of 327% by volume and 385% by value in May brought more evidence to back-up the Finance and Leasing Association’s (FLA) prediction of a “strong rebound” for the sector.
Demand for used cars appeared to slow in June, according to data from Dealerweb.
Stellantis is expected to announce details of its future plan for the Ellesmere Port Vauxhall site at a press conference at the Astra-producing plant tomorrow morning.
Car manufacturing is said to be suffering from “long COVID”, with new vehicle supply issues blamed for UK registrations total which remained adrift of pre-pandemic levels in Q2, 2021.
Almost one in 10 used car purchases are now completed entirely on a smartphone, according to BuyaCar.
Auto Trader has revealed that car buyers are considering vehicles being offered for sale 25% further from their homes since the start of the COVID-19 pandemic.
The future of Sunderland’s Nissan car plant has been secured with the unveiling of a £1 billion plan to create a neighbouring battery-producing ‘gigafactory’ and produce the Japanese brand’s next EV.
Marshall Motor Group has continued its 2021 acquisitions with the addition of Nissan Leicester to a growing franchised car dealership portfolio.
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
BCA has questioned “sensationalist” media coverage of used car price growth, arguing that wholesale values have only seen subtle changes.
Pendragon has followed criticism over its lack of trading statements with a pre-close update forecasting full-year 2021 underlying profit before tax of £45 million to £50m.
Major Pendragon shareholder Anders Hedin has once again questioned bonus payments to CEO Bill Berman in an open letter to the AM100 PLC’s other investors.
A new report from the Society of Motor Manufacturers and Traders (SMMT) has said the UK could suffer 90,000 job losses If Government fails to help the sector ‘Build Back Better’ after the COVID-19 crisis.
TrustFord chairman and chief executive Stuart Foulds has said he was “relatively pleased” with the group’s COVID-impacted 2020 financial results – despite recording a £5.2m pre-tax loss.
Marshall Motor Group chief executive Daksh Gupta has given an insight into how the AM100 PLC will continue to adapt to the changing car retail market after a “pretty special” start to 2021.
The Volkswagen Group’s rapid transition to electric vehicles (EV) has delivered its second-highest new car market share in Europe this decade, according to Jato Dynamics.
Used car advertising platforms Gumtree and Motors.co.uk are being offered for sale after Norwegian online advertising business Adevinta completed the acquisition of eBay Classifieds Group.
Cap HPI has underlined the importance of its live valuations service as the pace of wholesale used car price rises continued with a 13.5% increase in the past three months.
Business Secretary Kwasi Kwarteng has highlighted the need to plug gaps in the UK’s charging infrastructure and technicians’ skillset to help drive electric vehicle (EV) adoption.
