new car market - Page 2
Year-end could rival pandemic woes for new car market, warns Cox Automotive
The new car market will face huge challenges by year-end, according to Cox Automotive which is warning that pressures could be even worse that those caused by the 2008 financial crisis and the 2020 pandemic.
EV discounting risks impacting long term investment as private retail continues to lag
Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
Stability's back for used cars, says Vertu Motors, but new car retail looks uncertain
OEMs and franchised dealers face a daunting task to deliver sales mix and volume expectations in the new car market as many private buyers find young used cars much more attractive thanks to recent price drops, according to Vertu Motors, one of the biggest motor retailers in the AM100.
OEMs must "get down to it" to meet 2035 ZEV demands, says trade body
Luca de Meo, president of the European Automobile Manufacturers Association (ACEA), has said OEMs must "get down to it" and ensure car buyers are into zero emission vehicles by 3025 rather than quibble about the deadline.