The PSA Group has said that it is now fully focused on preparing the “rebound in a chaotic economic environment” following a coronavirus-impacted 29% global sales decline in Q1, 2020.
There are now more vehicles on UK roads than ever before, despite a decline in demand for new models.
New business volumes in the consumer car finance market fell 1% by volume but grew 2% in value in February 2020, data published by the Finance & Leasing Association (FLA) has shown.
Car dealers focussing on what should have been a busy numberplate change month of March suffered a £17,500 loss for the month prior to of the outbreak of COVID-19 coronavirus, ASE has reported.
New car sales declined 44.4% in March as the COVID-19 coronavirus lockdown took its toll in the second half of the key number plate change month for franchised retailers.
Car production forecasts from the Society of Motor Manufacturers and Traders (SMMT) have suggested that UK auto output will fall by 200,000 to just below 1.1 million because of plant shutdowns caused by the COVID-19 coronavirus - representing an 18% fall in output this year.
UK car manufacturers could produce over 200,000 fewer cars in 2020 as a result of the impact COVID-19 coronavirus-prompted factory closures, the SMMT has revealed.
Ford suffered the largest February sake decline by volume as Mazda and Suzuki also faltered in February’s Society of Motor Manufacturers (SMMT) new car sales figures.
The average price of a new electric vehicle (EV) has risen by 13% since 2013, according to a study of the market’s most popular models conducted by automotive data specialist Cap HPI.
The Society of Motor Manufacturers and Traders (SMMT) has called on the Government to remove VAT from electric vehicles to boost sales after the UK’s new car sales volumes declined 2.9% in February.
Car production slumped to a nine-year January low in the UK despite a 4.1% year-on-year rise in exports volumes, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The big volume players of 2019 provide an important litmus test for retail offer success due to finance being a key player in getting units moving.
As unit sales continue to fall experts predict period of short-term stability, but can it last?
The 2019 new car market reached a seven-year low after the third consecutive year of decline.
The UK’s used car market ended 2019 just 0.1% down with 7.9 million sales following two months of growth in the second half of the year, the Society of Motor Manufacturers and Traders (SMMT) has reported.
UK sales of new hybrid cars climbed by 20.6% in January as demand for diesel fell for the 34th month.
The Society of Motor Manufacturers and Traders (SMMT) has once again renewed its call for a UK-EU free trade deal after its 2019 car manufacturing data revealed a 14.2% decline in production.
The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
The National Association of Motor Auctions’ (NAMA) monthly market attitude survey has indicated that many remarketing specialists anticipate a rise in the value of used hybrid vehicles during January.
The Light Commercial Vehicle (LCV) sector’s 2.4% sales growth in 2019 has been described as “extremely encouraging” by the National Franchised Dealers Association (NFDA).
