The May Issue of AM magazine is here, packed with the latest news on the digital disruptors, insights into motor finance's digitalisation, and the full citations of all the 2022 AM Awards winners.
New car sales were down 15.8% in April 2022 versus April 2021, to 119,167 registrations. The SMMT data shows a -33.3% decrease in large fleet registrations.
New car prices have risen by more than a quarter, in some cases, in the last three years.
UK car production in 2021 fell 6.7% to only 859,575 units, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT), the worst total since 1956.
November's 115,706-unit new car market brought an end to four months of consecutive decline in new car sales, by recording a 1.7% uplift over November 2020 when stronger coronavirus restrictions were in place.
New AM magazine features car brand Genesis, a looming surge in MOT demand, supplier insights across critical sectors and insights into JCT600's property dilemmas
May’s new car market finished with 156,737 registrations, 14.7% lower than the last proper May market prior to the pandemic, when 183,724 units were sold in May 2019.
The May Issue of AM magazine is available to read, free, now in digital form here. Interviews include Vanarama, John Clark, Clelands, Gravells and many more.
A quarter of UK drivers plan to buy a hybrid powered car next, according to new research from Close Brothers.
The UK Government is set to start the process this year of determining its minimum zero emission distance for hybrid cars on sale after 2030, in its delivery plan.
Savings on nearly new 2020-registered cars are putting pressure on new car sales targets for September’s registration plate change.
Carwow’s new car sales for July 2020 were up 10.43% compared to the same period last year, painting an optimistic picture for dealers.
Orders placed for new vehicles grew by 12% in July, while used car demand increased by 16%, according to the latest figures from lead management firm Dealerweb.
The forecast for the UK new car market has been downgraded again as the government continues to ignore calls for stimulus measures specific to the automotive sector.
"This is not a recovery and barely a restart," warned SMMT chief executive Mike Hawes today as its data showed 145, 377 new cars were registered in June, the first month out of lockdown for car showrooms in England and Northern Ireland.
AM is launching a new Motor Retail Review webinar, which will be broadcast at 2pm on July 6 and available to watch on demand afterwards.
Petrol prices are dropping but it is difficult to predict impact on new car sales, says AM's analyst David Francis
UK sales of new hybrid cars climbed by 20.6% in January as demand for diesel fell for the 34th month.
There is little doubt the outstanding weather had a part to play in the more difficult trading conditions. Economic concerns have also played a significant.
Dealers are being urged to recognise aftersales and servicing as a way to combat the decline in the new car market, by Incadea UK managing director Paul Humphreys.
