Retail demand for new vehicles slumped in November, falling 5.9% compared with the same month last year. The 60,506 new registrations, down from 64,921 in November 2022, represent a market share of...
Read moreAfter a modest uplift in September, which itself followed a significant downward swing in August, retail registrations were all but flat in October, showing a rise of just 0.3% compared with the same...
Read moreNew Carwow CEO John Veichmanis maintains that the company continues to be a powerful demand generation vehicle for retailers, commenting: “It’s very expensive to acquire new customers, and across...
Read moreChinese electric car maker BYD looked at a wide range of distribution arrangements for the UK and European markets before settling on the franchised model, according to Tim Bryant, the firm’s...
Read moreThe summer months have been a relatively tricky period for used car retail. June and July are best described as ‘mixed’, while August saw a more consistent pattern as the market toughened up for...
Read moreRetail registrations fell 8.1% in August compared with the same month last year (in what was a supply-constrained market), while at the same time fleet registrations surged over 58%. The result was a...
Read moreCar buyers’ perceptions of the buying process continue to be impacted by rising interest rates, sustained inflation and volatile gas prices. Retailers appear to be underestimating the effect of the...
Read moreThe drive to achieve net zero emissions by 2030, five years ahead of Europe, and more than that the requirement for 22% sales of BEVs within the overall mix of registrations next year, are causing...
Read moreSome 21% of automotive retailers have shifted their focus towards online sales, and a further one-in-six (16%) plan on following suit to make savings by reducing staff and premises costs according to...
Read moreAnother surge in fleet registrations saw the UK new car market grow 16.7% in May compared with the same month last year, but retail registrations were down yet again this year, falling 0.5%. And that...
Read moreA slight easing of new car supplies combined with the continued focus from the OEMs on the retail market saw private new car registrations increase 3.2% in August compared with the same month last...
Read moreThe new Peugeot 308 has been awarded a better retained value by Cap Gold Book than the sector-leading Volkswagen Golf. After three years and 36,000 miles, a new 308 1.2T 130 Allure Premium has an RV...
Read moreDealer finance has changed significantly over the 30+ years I have spent working in or with finance companies, retailers and OEMs. From a ‘nice to have’, finance has emerged as a significant...
Read moreIf a company doesn’t have an environmental, social and governance (ESG) strategy already, then the chances are it will do very soon. It isn’t enough to say that you are ‘going green’; there is...
Read moreOff the back of a trading update which details the expectation of record underlying profit before tax, Lookers has also provided an update on group strategy. This addresses a number of long-term...
Read moreI am sure I am in good company when I groan as yet another piece of “ground-breaking” consumer research is breathtakingly revealed to the motor trade. We’ve all seen examples such as “63% of...
Read moreThe global Covid-19 pandemic has brought many challenges to the automotive industry, and there’s not a clear end in sight, especially when it comes to the supply chain. The end of furlough and an...
Read moreAUTO CHIP SHORTAGE TO WORSEN IN Q2 USED CAR MARKET ‘HOTTING UP’ LONDON DIESEL ‘BARGAINS’ RESOLD TO THE SHIRES H&M ‘FREE SUIT LOAN’ FOR JOB INTERVIEWS CARVANA IN SALE-READY...
Read moreThe headline figure for March registrations might be one of overall growth, with the total up 11.5% over the same month in 2020, but the retail element within that total was down by 4.1%. And the...
Read moreFebruary always represents a tough month for UK motor retailers, albeit 2021 brought about a non-traditional set of challenges. While February retained the challenge of being a short month, with a low...
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