BMW doubled its September electric vehicle (EV) sales as zero emissions vehicles secured a market share of 17% in last month’s new car registrations.
Uncertainty surrounding the balance of supply and demand in the automotive sector has created the most difficult period ever to forecast used car value trends, according to Cap HPI.
Motorpoint chief executive Mark Carpenter is rooting for a strong September of new car registrations to get supplies flowing and ease an “overheated” used car sector.
August’s new car registrations winners included Citroen, Cupra, Dacia and Tesla as the retailers helped UK automotive to only its second month of growth in 2022.
A ‘Citroën EVent’ set to be launched on World EV Day (September 9) will give car retail customers £750 off the Stellantis brand’s range of zero-emissions vehicles.
September’s new car sales will be a ‘true barometer’ of the UK’s automotive recovery after a 1.2% rise in August registrations left the sector down 10.7% down year-to-date.
High-performance electric vehicle (EV) brand Polestar has grown its revenues 95% and registrations by 123% during the first half of 2022 – and has yet to expand its one-model car range.
The MG Motor UK franchised car retail network will have capacity to fulfil the brand’s future target “in excess of 90,000 sales” by the end of 2022, says commercial director Guy Pigoukanis.
Supply chain issues causing delays for new car deliveries are causing greater reputational damage to franchised car retailers than their manufacturer partners, a car buyer survey has revealed.
Car retailers will need to help focus on electric vehicle (EV) solutions for fleet operators ahead of an expected surge in sales opportunities for zero-emission cars.
The UK’s new car finance suffered its “largest contraction” in new business volumes since February 2021’s COVID-19 lockdown period during June, according to new data published by the Finance and Leasing Association (FLA).
Performance-leaning Cupra outsold its mainstream Catalonian sister brand Seat as its new Born electric vehicle (EV) tapped into the car retail sector’s only growth segment during July.
A 9% dip in new car registrations in July delivered a fifth consecutive month of sliding sales in a UK automotive sector which continues to be hampered by the global manufacturing crisis.
Europe’s electric vehicle (EV) and plug-in hybrid sales suffered their “biggest fall on record” in June as Tesla’s Chinese factory closures and Russia’s invasion of Ukraine took their toll on production.
Cox Automotive predicts that the UK’s new car market will end 2022 on 1.62 million registrations after downgrading its forecasts to acknowledge the “reality” of the sector’s global supply crisis.
Kia, MG, Hyundai and Dacia were among the top performing car brands in the UK as they defied the automotive sector’s supply issues to swell sales through their dealer networks.
The growth leaders for UK new car registrations are offering models with an average monthly personal contract purchase (PCP) price of just £230.50.
UK’s new car registrations slumped to their worst June since 1996 after ongoing component supply issues contributed to a 24.3% decline - but the cost of living crisis is yet to bite.
As the UK’s automotive retail sector digests the new car registrations data from H1 2022, AM’s David Francis takes an in-depth look at the trends in the first five months of the year.
The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
