Car dealers registered a “marginal” year-on-year improvement in profits during April, according to ASE – the month’s average total amounting to £5,000.
What Car? magazine has uncovered evidence that car dealers and manufacturers are offering car buyers cash discounts of £16.8 million to attract them into showrooms.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April.
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
New car registrations dipped further into decline as the Society of Motor Manufacturers and Traders (SMMT) recorded a further 4.6% fall during May – leaving the UK’s total sales 3.1% down year-to-date.
Fleet sales’ 2.9% flurry offsets worrying decline in retail new car registrations as Brexit puts off non-corporate customers
Europe’s new car registrations in April matched 2018’s record high for the month as petrol and electric vehicles (EVs) mitigated the effects of declining demand for diesel.
JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
The Finance and Leasing Association (FLA) has revealed that the point of sale (POS) consumer car finance market fell 1% by volume in March, compared with the same month in 2018.
Vertu Motors’ chairman Peter Jones described the AM100 franchised car retail group's 2018 financial performance as “a credible result” despite a 16.8% decline in profit before tax.
The UK’s new car sales market declined once again as April's registrations ended 4.1% down with the month's second lowest registrations total since 2012, the SMMT has reported.
The UK’s 34.9 million car parc emits 17.8% less CO2 than a decade ago, despite claims that the ‘demonisation of diesel’ would trigger a rise in environment-harming emissions.
Ford sold more than 9,500 fewer cars during March to top to the table of the month’s biggest registrations decline by volume during the crucial ‘plate change month.
The SMMT has called on Government to bring an end to the threat of a ‘no deal’ Brexit to restore consumer confidence following a 3.4% decline in new car registrations during March.
Car retailers were unable to take advantage of a milder February on their forecourts as profitability statistics published by ASE showed a £19,600 loss during the month – matching 2018’s performance.
Brexit, a global slowdown and confusion over the future of diesel vehicles have combined to create a crisis of consumer confidence which may have driven 2.4 million motorists away from a new car purchase.
Car parts will not attract an import tariff if the UK Leaves the EU under a ‘no deal’ scenario, scrutiny of a 1,477-page hard Brexit plan has revealed.
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
February’s new car sales finished 1.4% up year-on-year at 81,969 registrations, as private and business purchases increased, SMMT data shows.
