More than half of car buyers are reconsidering the purchase of a zero-emissions electric vehicle (EV) after the Chancellor of the Exchequer announced plans to make them eligible for VED road tax.
Motorists’ continued appetite for car buying has delivered another 5.1% increase in the value of the average used vehicle advertised for sale on Auto Trader.
Following Chancellor of the Exchequer Jeremy Hunt acknowledgement that the UK was in recession during last week’s Autumn Statement Mad Devs chief executive David Boyce is keen to highlight the need for car retailers to keep their customers close through challenging economic times.
Data analysis by Intelligent Motoring has revealed a 24% rise in the value of Guaranteed Asset Protection (GAP) insurance claims year-on-year (YoY).
Almost a third of British drivers (32%) are planning to hold on to their current vehicle for longer than planned due to the cost-of-living crisis.
RSM has urged car dealers across the UK to prioritise enhanced cyber security in response to increasing concern around the number of cyber-attacks across the sector.
Used versions of Tesla’s Model 3 electric vehicle (EV) have lost around £5,000 in value in two months as the supply and demand balance of zero-emissions cars puts pre-owned prices to the test.
The number of used car retailers who describe themselves as “pessimistic” about the sector’s current fortunes has almost quadrupled in the space of just a month.
Auto Trader Group chief executive Nathan Coe expects the automotive sector to “prove its resilience” once again after the online car retail marketplace reported a 2% decline in operating profit from H1 trading.
Former Imperial Cars operations director and Cazoo retail operations director, Neil Smith has partnered with Autofinity.
Volkswagen Financial Services (VWFS) is offering Black Friday deals on service plans, with offers going live on November 14.
The RAC Dealer Network has entered a new partnership with G3 Remarketing to provide its members with access to physical sales and new technology products.
Attendees have started to pack Hall 7 of the NEC in Birmingham as the car retail sector’s number one expo and networking event gets underway… Automotive Management Live is back.
The Sandown Group has achieved a 222% increase in the number of leads marked as ‘lost’ by staff that are subsequently converted to a sale.
Perrys Motor Sales has become the latest AM100 car retail group to launch its own online vehicle subscription offering through a partnership with Karzoom – launching its new Flex mobility solution.
The Automotive 30% Club has welcomed Zuto chief executive James Wilkinson as the latest addition to its membership as it continues to drive towards a greater female representation in the automotive sector.
The car retail sector’s vehicle supply issues look set to be compounded by a cost-of-motoring crisis and growing moves to discourage car usage across the UK.
The ongoing cost of living crisis continues to dampen consumer appetite for new cars as data from iTrackLeads shows dealer enquiries fell by 18% year-on-year in October.
The trade-to-trade online used car stocking platform Dealer Auction has announced the appointment of Ian Armitage as technology director.
Used car values rose by an average of 2% on eBay Motors Group’s online marketplace as the market’s balance of consumer demand and limited supply continued to defy the UK’s economic gloom.
