While used car performance helped to deliver stable levels of profit and volume in 2019 there have been some signs of an early wobble in 2020 with pressure on petrol values in particular.
Nearly half of UK public transport users (48%) said they would be less likely to use it once lockdown restrictions have been lifted, according to new research by Auto Trader.
The automotive industry is starting to look beyond the end of lockdown and weigh-up what the short and medium-term impacts of the COVID-19 coronavirus crisis will be.
May's AM magazine has now been published here as an e-zine so read about DS Automobiles, the UK used car market, Drayton Motors Kia, autonomous cars and COVID-19
The UK’s used van market will recover faster than its car equivalent following the COVID-19 coronavirus lockdown as businesses turn to commercial vehicles to re-start their operations, Aston Barclay has predicted.
Car retailers must be ready for the challenge of stocking and selling cars while respecting consumer concerns and observing Government legislation after the COVID-19 coronavirus lockdown.
CarGurus has asserted that its operations in the UK market remain a priority as it prepares to “wind-down” its business in Germany, Spain and Italy amid the challenges presented by the COVID-19 coronavirus.
Cazoo has continued to sell cars online and facilitate “contactless” home deliveries during the COVID-19 coronavirus lockdown period – offering a £250 discount to NHS workers.
The high-demand for sub-£10,000 used cars seen in Q1 is expected to continue when the COVID-19 coronavirus lockdown is lifted, according to Aston Barclay.
Used car values have continued to fluctuate online despite calls from Cap HPI and Auto Trader to maintain a stable market through the postponement of changes amid the COVID-19 coronavirus lockdown.
Auto Trader has urged used car dealers to resist the temptation to reduce the values of their vehicles to retain hope that the market will “pick up where we left off” after the COVID-19 coronavirus crisis.
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.
The rate of “cash burn” within automotive sector businesses will come under close scrutiny during the COVID-19 coronavirus lockdown, according to GlobalData.
INDICATA has highlight the effects of the COVID-19 coronavirus on Europe's used car market with the publication of its new Market Watch data report.
While March's 44.4% registrations decline did not reveal the full extent of the automotive retail sector's COVID-19 coronavirus lockdown decline, Auto Trader has insisted that car buyers are still researching their next purchase.
There is nothing in the current trade or retail data to suggest that used car values will crash due to the COVID-19 coronavirus lockdown period.
Auto Trader has launched a new AT Market Insight data tool which claims to utilise “up-to-date” information from the car retail sector to deliver an accurate appraisal of market conditions.
Used car dealers had begun to reduce the value of their forecourt stock as the UK transitioned from normal trading into a Government-imposed COVID-19 coronavirus lockdown, according to Cazana.
Motorpoint chief executive Mark Carpenter has vowed to give-up his own income from the used car supermarket business in order to top-up the wages of ‘furloughed’ staff during the COVID-19 coronavirus lockdown.
The motor industry may have dipped a toe in the online retail pool, but Zoople and LoveFilm founder Alex Chesterman has just leaped in head-first with his latest project - car retail platform Cazoo.
