"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.
The 2017 new car market has slipped into overall decline after a poor result for May.
Well over half a million new cars were registered in March 2017, setting a new record, as dealers delivered new vehicles ahead of the punitive new VED regime
Accountancy group UHY Hacker Young claims that the post-Brexit rise in the cost of cars may have started, with lease prices up 8% in the space of just two months.
The UK’s new car market closed with 2,692,786 registrations in 2016, the largest market on record.
Glass’s has predicted that the falling value of the pound is likely to see monthly PCP new car payments rise in 2017 as manufacturers look to recoup their losses.
A “misfiring” UK car market could see a 9% sales dip in 2017 as Britain’s renegotiations with the EU damage consumer and manufacturer confidence.
A push to hit targets in the final days of September has set a new record for the month’s new car market.
The retail new car market has declined for the second consecutive month.
Top 10 AM100 dealer group Lookers is predicting that the new car market may nudge the three-million mark around the end of the decade.
A recent study of UK dealers by CAP found the majority, 46.3%, believe that 2016 will beat 2015 for new car registrations.
The new car market looks set to hit a record level in 2015 but dealer profitability certainly doesn’t, warns ASE Global chairman Mike Jones.
The UK new car market recorded its 42nd consecutive month of growth in August, albeit in one of the year’s quietest months, with a 9.6% rise, SMMT data shows.
New car registrations saw steady growth in July, according to the latest figures from the Society of Motor Manufacturers and Traders.
UK new car registrations grew 7% in the first half of 2015 to the highest half-year total on record.
