The Government’s lack of clarity on Brexit and clean air policies has been blamed for the fourth consecutive month fall in new car registrations in July - down 9.3%.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
Q2 new car registrations rise at just eight car manufacturers as UK consumer spending slows.
Inchcape has reported that its UK trading profit was “broadly flat” as its global distribution operation helped the business bolstered revenue growth in the first half of 2017.
Motorists in the West Midlands emerged as the keenest adopters of AFVs as electric car registrations reached their highest ever levels in H1, 2017.
A third consecutive month of falling new car sales was registered by the SMMT during June but the market finishes H1 with its second biggest registrations total ever.
European new car registrations contrasted those in the UK with an overall rise of 7.5% during May.
Auto Trader made an average 10% more from each of its dealer customers’ forecourts in the last financial year.
The 2017 new car market has slipped into overall decline after a poor result for May.
UK dealers' Q1 profits were up 20% year-on-year, but new car volumes are off to a slow start in the first half of Q2, they warn AM.
Car sales star Wayne Lovick won a trip to attend the World Touring Car Championships in Hungary after racing to Honda's sales charts with the all-new Civic.
JCT600 has recorded revenues up 7% to £1.222 billion amid challenging market conditions which prompted a £2.8 million fall in operating profit.
Lookers has reported 30% growth in used car turnover during a “buoyant” Q1 which saw retail volumes and rising profit across the board.
New car registrations fell 19.8% to 152,076 units in April, blamed on the Vehicle Excise Duty (VED) changes, but year-to-date performance still at record levels.
The year’s busiest month for car registrations could be followed by a significant fall if the UK follows the pattern of April results already recorded by key European markets.
Fleet again props up the market as just five brands account for 80% of 48,236-unit rise in first-quarter registrations
This month’s widely anticipated downturn in demand for new cars could be less pronounced than some have feared.
Dealers are predicting March’s record sales will lead to lower sales through the second quarter of the year.
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
Profits at Porsche soared to record levels to realise operating profits of £3.4 billion as a fall in sales and the dieselgate fallout saw its Volkswagen’s results falter in 2017 – falling 2ppts to £1.7 billion.
