A £9,900 improvement in April profits for car dealers could be an indicator “the real prospect of a period of comparative prosperity”, according to ASE.
Suzuki will offer £1,000 off all models during a Weekend to Remember sales event being hosted by every one of its 157 UK retailers.
The May new car registration data released on June 5 paints a marginally better picture of the market with overall volumes showing an increase of 3.4% over May 2017.
New car registrations rose by 3.4% in what the Society of Motor Manufacturers and Traders (SMMT) described as a “modest” increase in light of last year’s 8.5% decline during the same month.
Dealers need to tailor test drive routes and offer more than the standard “15 minutes around the block” in order to improve their conversion rates, Coachworks Consulting has said.
Air quality concerns are not hitting all models equally and other segments face an earlier death
Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.
April’s new car sales were up by 10.4% year-on-year after the slump in April 2017 caused by customers desperate to beat a looming rise in VED.
Even the most optimistic reading of March’s registrations sees the market fall considerably
Failing demand for new cars could trigger a more widespread reduction in the UK’s car dealership numbers following Vauxhall’s move under its PSA Group owners, according to the SMMT.
Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
UK car dealers cannot rely on manufacturer support indefinitely after Vauxhall took the decision to terminate all its retail network contracts, according to restructuring advisory practice Duff & Phelps.
Car retailers’ need to better cater for women was brought into focus by a Society of Motor Manufacturers and Traders report, which showed female car ownership has risen by 21% in a decade.
Volvo’s XC40 compact SUV has continued the brand’s run of good sales form by becoming its most successful new model launch ever in the UK.
MG Motor UK’s new head of sales and marketing Daniel Gregorious has targeted a position as “an industry leader in the affordable car category” for the Chinese-owned brand.
Car retailers posted a monthly loss of £18,000 in February as new car margins continued to deteriorate ahead of a disappointing month of registrations in March.
March new car registrations fell 15.7% year-on-year, with diesels suffering a 37.2% fall. The result was described as not unexpected
Europe’s continued growth in new car registrations “could become dependent on a select few markets” after 13 of the region’s 27 markets register sales declines, Jato Dynamics has revealed.
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
A 2.8% fall in new car registrations in February to 80,805 units was caused by lower demand in all segments.
