UK car manufacturing a "stable" outlook with a year-on-year decline of just 0.05% after record exports drove the sector during January, according to the Society of Motor Manufacturers and Traders.
Cap HPI has revealed the average price of a new car has risen 38% over the last decade, with a PCP-fuelled push towards SUVs and premium cars the main driver of change.
Pendragon’s share price has rallied following the publication of full-year financial results revealed the AM100’s second largest retail group had suffered a 19.9% dip in underlying profit before tax.
The SMMT has increased its forecasted 2018 new car registrations decline from 5.4% to 5.7% in its latest prediction of how the market's performance between now and the end of 2019.
New car sales volumes fell by 6.3% as the market started 2018 with the lowest January total since 2014, prompting the SMMT to urge government to drive fleet drivers back into diesel cars.
The 5.7% fall in new car registrations last year was not split equally across brands, channels or models
The SMMT’s volume forecast for 2017 failed to predict the extent of the Q4 sales slump. How can dealers plan for a 2018 market that may be just as volatile?
The motor industry lost £2.6 billion in revenue last year as a result of declining car sales, according to analysis by AA Cars.
The rejection of car ownership is likely to become the “new norm” according to a government report which has highlighted the falling number of teenagers getting behind the wheel.
Current registration trends suggest the UK is on course to meet its target of three in five new cars sold being electric by 2030.
Car retailers recorded an average loss of £19,000 in a "tough" November as the average return on sales percentage dipped to 0.97%.
The Finance and Leasing Association has claimed that the point of sale new car finance market remains “on track”, despite an 8% decline in volumes during November.
Franchised car retailers face will face “a new set of trading parameters that they have not experienced for quite some time”, according to corporate finance advisors at Duff & Phelps.
Go Ultra Low has celebrated a record year of EV and hybrid car sales after registrations rose 27% during 2017 – the sixth consecutive sales rise for the sector.
Car manufacturers are attempting generate a bright start to the new year with a range of offers to tempt consumers.
Ford's Fiesta maintained its reign as Britain’s best-selling car during 2017 despite volume brands enduring the brunt of falling new vehicle registrations in 2017.
SMMT new car registration forecasts from two months ago missed the mark by 1% – or almost 27,000 vehicles – a ninth consecutive month of falling sales resulted in a 5.7% decline for the whole of 2017.
A surge in the popularity of SUVs has been credited for a 5.2% rise in registrations across Europe as the sector claimed almost one-third of all new car sales during November.
New car registrations have continued their decline with November’s 11.2% year-on-year fall marking the eighth consecutive month of falling sales.
Signs that the retail-driven new car market might have started to falter towards “a significant downturn” are starting to ask questions of dealers’ preparedness, says Duff & Phelps.
