The average price of a used car increased 2.8% in May to £17,815, marking the 38th consecutive month of year-on-year retail price growth. However, potential retail growth remains constrained by used...
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 moreThe short-lived ‘growth at all costs’ doctrine introduced by Liz Truss and Kwarsi Kwartang in recent weeks was said to be a challenge to the orthodoxies of HM Treasury economics. The ‘markets’...
Read moreComparisons with April last year show that the average residual value (RV) of a three-year-old car is 34.8% higher this year. On the face of it, this indicates that the used car market in the UK...
Read moreRecord 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 moreThe semiconductor shortage has hit the automotive industry hard, and the problems will continue to bite for a little while yet, but there is hope that an end might be sight following news from the...
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 moreDealer groups have shown a great deal of resilience and flexibility throughout the Covid-19 pandemic, and they can be expected to continue to adapt and work closely with OEMs as the industry evolves....
Read moreWith a huge level of change on the horizon, automotive retailers can either be passengers and potentially find themselves in a very difficult position further down the line, or they can start looking...
Read moreOn paper Ssangyong’s new car registration figures don’t look good. In the first seven months of 2021, sales were down 8% at a somewhat disappointing 615 units against 2020’s 669. With a network...
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 moreLookers chief executive Mark Raban has called for manufacturers to adopt a standardised agency agreement to allow retailers to integrate the incoming new model into their operations. Lookers has...
Read moreRegistrations of new vehicles grew again in June, but the 28% rise represents a somewhat false picture given the Covid impact on 2020 figures. A more meaningful comparison is the previous decade...
Read moreMazda Motors UK’s strategy of elevating the brand’s and its franchise’s status – with the new 3 playing a pivotal role in that process – could lead to a handful of dealers deciding not to...
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 moreAs soon as the impact of WLTP was understood retailer performance was always going to be down in 2018 on the level we would normally see for September. Even if the demand had been there, there simply...
Read moreAlthough still down, October saw the new car market recovering somewhat from the annual trend, with the 153,599 registrations representing a drop of 2.9% compared with the same month last year, and...
Read moreRegistrations of new vehicles plunged by more than 20% in September, under what are described as exceptional circumstances as supply issues bite. In particular, new emissions regulations have been...
Read moreWhile many have described 2017 as a roller coaster year for new car sales, and with a further fall predicted for 2018, Ancaster Group managing director Stephen Wood argues that this has to be kept in...
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