Increasing competition for used car stock from private sellers has been revealed in Motorway data showing year-on-year growth in the valuations – with EVs showing a 34% increase.
Chancellor of the Exchequer Rishi Sunak has broadened the scope of the Government’s COVID-19 fiscal support to businesses in the face of more wide-spread regional lockdowns.
Demand for used cars has risen 15% year-on-year as franchised retailers experience a decline in sales of new cars, according to AA Cars data.
The Society of Motor Manufacturers and Traders (SMMT) has said that a 'no-deal Brexit' would trigger a £2,800 uplift in electric vehicle (EV) prices and jeopardise the growing interest in green new cars.
Volkswagen newly-launched all-electric ID.3 hatchback has been awarded a five-star Euro NCAP safety rating following the organisation’s latest round of crash testing.
Pendragon has said that it “almost entirely” offset its losses from a COVID-19 impacted first half of the year with an eight-fold increase in underlying pre-tax profits in Q3.
Arnold Clark chief executive Eddie Hawthorne has said that mental health concerns among AM100 the car retail group’s staff have gone “through the roof” due to the COVID-19 pandemic.
Nine-out-of-10 in-market car buyers are comfortable visiting retailers when researching or buying their next car, despite COVID-19 causing more local restrictions and lockdowns.
Polestar has been highlighted as best-positioned car brand for online sales as part of a new industry scorecard which rates 30 vehicle manufacturers on their e-commerce capabilities.
The Vehicle Remarketing Association will cover a range of issues impacting a 2021 new and used car market which promises to be “difficult in all kinds of ways” in its upcoming outlook seminar.
Hendy Group chief executive Paul Hendy has said that “interest is high” in the relaunched Moke brand after the business was appointed the UK’s sole franchisee at its Poole showroom.
The NFDA is awaiting confirmation from the Welsh Government as to whether the country’s car retailers will be able to provide ‘click and collect’ car sales when Wales return to a state of COVID-19 lockdown.
Peoples Ford chairman Brian Gilda has said that he is “delighted” with the outcome of a 2019/2020 annual results period which included the took the full impact of COVID-19 lockdown.
Following a frantic September which saw car retailers fight to sustain the market’s COVID-19 recovery Cazana director of insights, Rupert Pontin, believes a volatile period of used car pricing trends lies ahead.
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
The National Franchised Dealers Association (NFDA) is poised to being consultation with UK car retailers on the future of the European Union’s (EU) Motor Vehicle Block Exemption Regulation.
Auto Trader has reported its 23rd week of consecutive used car price rises as the sector continued to defy the impact of COVID with values up 8.5% between October 5 and 11.
Ford is looking for a fellow car manufacturer willing to share excess CO2 emissions credits after stalled Ford Kuga SUV plug-in hybrid (PHEV) sales put it on course to breach stringent EU emissions targets.
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
Dealer groups and the valeting industry could face staff shortages next year as UK employers will not be able to hire non-UK residents for certain key roles.
