Analysis of the UK's new car sales at the half-year point discovers stable trends despite the disruption caused by the coronavirus lockdown.
The forecast for the UK new car market has been downgraded again as the government continues to ignore calls for stimulus measures specific to the automotive sector.
Electric vehicles (EV) and hybrid sales across Europe delivered a record 16.2% market share as overall car registration volumes declined by 24% as the sector emerged from COVID-19 lockdown.
Post-COVID-19, there will be significant changes in car retailing and warranty products are evolving to face the new challenges
Car dealerships in England were allowed to reopen on June 1 as the Government eased its lockdown, but ‘business as usual’ may be a long way off, reports Debbie Kirlew
Vertu Motors chief executive Robert Forrester has said that the Society of Motor Manufacturers and Traders (SMMT) June registrations data “didn’t tell the right story”, insisting that the reality was far more positive.
Car retailers in Italy will benefit from a post-COVID sales boost after the country’s government gave the green light to scrappage scheme incentives for buyers.
There is still time to register for the Automotive Management (AM) Retail Review webinar to gain insights from sector specialists from Auto Trader, BDO, Cambria Automotive and Suzuki GB.
"This is not a recovery and barely a restart," warned SMMT chief executive Mike Hawes today as its data showed 145, 377 new cars were registered in June, the first month out of lockdown for car showrooms in England and Northern Ireland.
Car dealers across the UK delivered “robust car sales” growth as the easing of Government lockdown measures unlocked their ability to trade in June.
AM is launching a new Motor Retail Review webinar, which will be broadcast at 2pm on July 6 and available to watch on demand afterwards.
Auto Trader says it has sent dealers a record number of new car leads since the reopening of showrooms on June 1.
New car sales across Europe were 52.3% down year-on-year in May as the easing of lockdown measures in certain regions delivered a slight improvement over April.
Petrol prices are dropping but it is difficult to predict impact on new car sales, says AM's analyst David Francis
Almost a third of new car buyers are putting-off their next purchase as they await a Government announcement about a potential car scrappage scheme.
The Financial and Leasing Association (FLA) has revealed that the COVID-19 lockdown caused consumer car finance market to slumped by 94% by volume and value during April.
Michael Woodward, Deloitte's automotive industry leader, gives his take on the new car market as the UK government eases coronavirus lockdown restrictions.
During May's coronavirus lockdown 12,900 new cars were sold to private buyers, according to data from the Society of Motor Manufacturers and Traders.
Mazda UK sales director Peter Allibon has said that 2020 new car registrations forecasts have had to rely on some “fairly major assumptions” on what can be achieved by retailers before the end of the year.
The initial impact of the COVID-19 coronavirus pandemic resulted in a 43% decline in profitability for UK car retailers during the key March number plate change month, ASE data has revealed.
New car sales are going to change as a result of the COVID-19 coronavirus pandemic... But not how you might think.
Cox Automotive has predicted a stop/start recovery from the COVID-19 coronavirus outbreak for the automotive retail sector – revising its new car sales forecast to detail a 29% decline in 2020.
The National Franchised Dealers Association (NFDA) has said that it is vital that Government and car manufacturers “evaluate a support package that stimulates the market” following April’s 97.3% sales slump.
What Car? is predicting a China-style V-shaped COVID-19 recovery for the new car retail sector and is urging consumers to act fast if they want to take advantage of discounts.
The European new car markets should expect a U-shaped recovery after being hit hard by the COVID-19 coronavirus outbreak in March, according to global sales data compiled by Jato Dynamics.
