Throughout the first nine months of 2023 the most noteworthy residual value (RV) trend has been the fall in battery electric vehicle (BEV) values. Driven by an increase in used supply, BEV values have...
Read moreThe total number of UK sales points has fallen 77 to 4,347 compared with last year’s equivalent. This is a key finding of the 2023 Networks Report from Auto Retail Network, and represents a slightly...
Read moreThe losses month on month in the sales-volume index in the UK in December made the domestic market an anomaly in the wider European figures, with other markets seeing gains. In addition, across these...
Read moreIn increasing base rate to 3% in November, the Bank of England warned that the UK risked being plunged into the longest recession in 100 years, one that could last into mid-2024. However, we see...
Read moreInflation will remain in double digits well into the first half of next year, largely due to the current high energy prices. It will fall back rapidly in the second half of 2023, but things are going...
Read moreAs a business that works with around 2,500 motor retailers every month, and will fund around 11% of all used cars, motorcycles and vans financed this year in the UK, we understand the used car...
Read moreEconomists continue to debate how long the recession will be, and how deep or shallow, but past experience shows that recessions do not have a significant impact on used car values, with Cap HPI head...
Read moreThe pandemic saw European used-car markets deliver solid profits on prices that went through the roof. As the market boomed, demand outstripped supply, with people looking for safe alternatives to...
Read moreIHS Markit has cut its light vehicle production forecast by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 and 82.6 million units, respectively. For...
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