Figures from the FLA show that consumer car finance new business volumes fell in March 2023 by 8% compared with the same month in 2022. The corresponding value of new business fell by 7% over the same...
Read moreWith estimates that car retailers in Europe now generate around three quarters of their profits from aftersales, it has become more critical that OEMs and their franchised networks listen to their...
Read moreThe future of the car industry has never been under as much pressure from so many different directions as it is right now, with authorities, the consumer and the environment all likely to have an...
Read moreWith new car sales volumes under pressure in many parts of Europe, aftersales as a driver of overhead absorption will remain of critical importance. Demographic and consumer changes mean the...
Read moreThe headlines from the Consumer Electronics Show in 2017 were slightly different to those of five years previous; the car manufacturers had moved in. Alongside in-car technology and wireless charging,...
Read moreLooking at the market and performance in January you could be forgiven for thinking that we were still in 2016. Predictions and forecasts of significant reductions in volumes of cars registered have...
Read moreThe UK new car market achieved a 12-year high in January, with 174,564 registered vehicles representing a 2.9% year-on-year uplift and the highest level since 2005. Private registrations led the...
Read more2016 was a record year for car sales in the UK, with almost 2.7m new cars sold a truly a remarkable result. But I wonder at what cost? Already, the SMMT are predicting a drop in new sales this year...
Read moreRenaults rapidly restored dealership network, despite being on track to reach 191 outlets next year is not expanding rapidly enough according to UK management, and faces the challenge of providing...
Read moreLast month the Petrol Retailers Association warned motorists that pump prices are set to increase by at least four to five pence per litre as the cost of crude oil strengthens along with the US...
Read moreThe rate of change in the automotive industry in recent years has been phenomenal, with everything from the way people finance their purchase to what they expect from the cars themselves radically...
Read moreLast months press release from the SMMT said that a record number of used cars changed hands in the first half of 2016 over four million, and 7.9% up on 2015. This includes private sales, but...
Read moreThe average dealer lost just under £15,000 in August 2016, the worst result for the year. While, on a headline basis, this does not look great, the result was paradoxically better than expected....
Read moreStrong retail demand has supported used values in August with a reduction of 0.7% at the three-years and 60,000 miles, according to Cap HPI. This stable market is due to consistent performances across...
Read moreNew car sales in Europe continue to rise, with the latest indications that the EU28 will end 2016 with total car sales of 14.9 million units, which is just 4.3% lower than the pre-crisis peak of 2007....
Read moreOne in four Britons would give up owning a vehicle outright in favour of signing up for a driverless car subscription. This the key finding of a new survey carried out by used car specialist HPL...
Read moreSomewhat discouraging yet perhaps unsurprising, the results of the latest Auto Retail Network Barometer survey, conducted in partnership with Total, depict a level of shared concern over franchised...
Read moreFord is looking to trial some approved buyers from outside its franchised network for its ex-management and ex-rental cars in a bid to improve residual values. Ford managing director Andy Barratt said...
Read moreStrong demand drove up used values by an average of 0.4% in February, according to Cap HPI. The figure is a significant improvement on the 0.1% increase in February last year, and signals a strong...
Read moreGiven all of the challenges impacting the average UK motor retailer you could have been forgiven for expecting a slow start to 2016. 2015 had finished at a raring pace, with significant volumes of...
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