Record appetite for cars is clashing with unprecedented supply shortages to create a demand ‘pressure cooker’, according to data from car information hub Autovia. The company interviewed almost...
Read moreWith slimmed down auto retail businesses having removed costs, the end of furlough and the associated government support is not to be feared, and even in the event of another lockdown any losses that...
Read moreDespite challenges of supply in the new car market due to the semiconductor shortage, retailers find themselves in something of a purple patch. Consumers have the desire for vehicles and money to...
Read moreAs we start 2021 this is certainly going to be a first quarter like no other that we have seen. We are going to spend the entire quarter, usually our busiest of the year, with the showrooms locked...
Read moreEnforced shuttering of motor retail across the country created major pressures for dealers but also unprecedented opportunities to manage customer relationships in a more sophisticated way. However,...
Read moreWholesale market values reached record levels in September, as buyer demand surged after the summer holiday period. Average used car values at BCA rose by 8.7% compared to August 2019 to reach...
Read moreThe volume of stock currently on offer in wholesale auction channels is high. The number of cars sold in January and February was in line with last year, although first time conversion rates have been...
Read moreStrong demand supported the strongest October for used values on record. Moreover, while October was not immune to deflation, the average drop across all sectors was just 0.6%. It marks the strongest...
Read moreThe UK new car market declined for a sixth consecutive month in September. Registrations fell by 9.3% in this key month, with SMMT chief executive Mike Hawes citing economic and political uncertainty,...
Read moreAfter a record month for new car sales in March, analysis shows dealers have maintained conversion rates and delivered strong used car sales during April. Analysis of retail data in dealerships during...
Read moreAs I continue my search for a new car, I cant help but offer more observations on the industry and its retail proposition. Firstly, for an industry that clearly suffers from over supply, its...
Read moreThe full year new car registration figures for 2016 painted a very healthy picture of the industry when they were released in early January 2017. After a year of quite remarkable world events and...
Read moreThe full year new car registration figures for 2016 painted a very healthy picture of the industry when they were released in early January 2017. After a year of quite remarkable world events and...
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 moreStrong demand for used vehicles has underpinned used values through 2016. While retailers have enjoyed a stable market to date, as the industry heads into the final quarter of the year every indicator...
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 moreWith new car sales volumes continuing to climb (allegedly not wholly down to pre-registrations), we have seen a widespread commentary on the impending collapse of UK used car prices. With so many...
Read moreUsed cars that have covered 150,000 miles or more are no longer off-putting to buyers if the condition and the badge are right, reports Glasss. A healthy market has developed for prestige cars that...
Read moreWith the key March new registration period now underway, the issue of increasing dealer pre-registration activity is very real as retailers seek to drive through volumes. While retailers have so far...
Read moreDemand for electric cars “may be overhyped”, according to a study published this week by JD Power. In the study JD Power predicts global sales of electric and plug-in hybrid cars would...
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