Britain’s used car market reached record levels in 2016 with 8.2 million vehicles sold – an uplift of 7.3%.
The UK new car market achieved a 12-year high in January, with a 2.9% uplift in registrations. Private registrations were up 5%.
A warning has been issued on the importance of the “right” trade deals post-Brexit to the future – and continued – success of UK car manufacturing.
Carwow has revealed that pre-registered cars can cost customers an extra £1,500 when compared to the brand new equivalent with the results of recent research.
UK car buyers are going back to black as white topped the colour charts for the fourth consecutive year.
The NFDA has said that Teresa May’s speech about the nature of Britain’s exit from the EU was “positive” – despite the PM’s assertion that trade will continue from outside the single market.
The UK’s new car market closed with 2,692,786 registrations in 2016, the largest market on record.
UK Car manufacturing has celebrated its highest production output since 1999 after almost 170,000 vehicles rolled out of the nation’s factories during November.
The NFDA has announced it will meet with politicians in February about the implications of Brexit for motor retailers.
Car manufacturers have discussed the possible effects of Brexit within the automotive sector at an SMMT roundtable event attended by the Secretary of State for Exiting the European Union and DFT and BEIS ministers.
List prices on imported cars could go up by an average £1,500 post-Brexit.
Transaction prices could move closer to list prices as manufacturers resist pressure to raise published prices substantially.
Growth in the used car market continued in the third quarter of 2016 with a record 2,148,050 vehicles sold to consumers.
New car registrations grew 1.4% in October.
Nissan has awarded the contract to build the next generation Qashqai to its Sunderland plant, despite fears of trade volatility due to Brexit.
A “misfiring” UK car market could see a 9% sales dip in 2017 as Britain’s renegotiations with the EU damage consumer and manufacturer confidence.
A push to hit targets in the final days of September has set a new record for the month’s new car market.
Car manufacturing in the UK achieved a 10-year high last year and British-built cars have never been so popular, with a record 1.2 million cars exported to more than 100 countries.
The UK new car market achieved modest growth in August, as registrations rose 3.3% against the same month last year.
Over one million cars have been built so far in 2016, with July marking the 12th consecutive month of growth for the sector, according to the SMMT.
