UK inflation reached a 40-year high of 9.1% as the pricing pressures forcing car buyers to think twice about their next purchase continued to intensify.
Auto Trader has struck-up a new partnership with the Office for National Statistics (ONS) which will see the used car marketplaces data become an official economic barometer for the authority.
Government’s work from home advice and the mandatory wearing of face masks will be scrapped after Prime Minister Boris Johnson announced an end to COVID-19 Plan B measures.
The UK has entered recession for the first time since 2009 after COVID-19 coronavirus lockdown measures contributed to a 20.4% contraction of the economy in the second quarter of 2020.
Office of National Statistics (ONS) data shows that 92% of automotive businesses in the UK were trading by the second half of June.
The Institute of the Motor Industry (IMI) has identified the car retail sector’s “green shoots of recovery” in newly-published Office of National Statistics (ONS) data, but says the marketplace remains “pretty fragile”.
The Office for National Statistics (ONS) has highlighted the risks posed by COVID-19 to professional drivers charged with keeping the UK moving during coronavirus lockdown.
Car retailers could find recruitment much tougher as UK employment reaches a record high, warns Coachwork Consulting.
Household expenditure on vehicle ownership defied the negative narrative surrounding PCP car finance products with an increase of 47.7% in spending on “hire loan purchase agreements” during 2017.
The Consumer Prices Index – which measures changes in prices – fell by 0.1% in the year to October 2015, according to the Office for National Statistics.
