The Finance and Leasing Association (FLA) has said that the used car finance market looks poised to deliver “record levels of new business” in 2019 as it revealed its results for November.
Suzuki GB has insisted that the Jimny 4x4 will remain on sale in the UK “in limited numbers” throughout 2020 in response to reports of the vehicle’s imminent withdrawal due to its high CO2 emissions.
MG Motor UK plans to realise 130% car sales growth in 2020 with ambitious plans to follow-up a record 2019 with 30,000 new car registrations.
The Light Commercial Vehicle (LCV) sector’s 2.4% sales growth in 2019 has been described as “extremely encouraging” by the National Franchised Dealers Association (NFDA).
Rolls-Royce generated a 25% increase in global new car sales to achieve the highest sales volume of its 116-year history with the help of its new Cullinan SUV.
New car registrations ended 2019 at a seven-year low after falling 2.4% in a third consecutive year of decline, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The Finance and Leasing Association (FLA) has suggested that consumer confidence “should improve” in the automotive retail sector as uncertainty about the UK's economic outlook reduces in 2020.
The average UK car retailer saw profitability decline by 75% year-on-year in October and is likely to end 2019 with a 9% overall reduction in overall profit, ASE has reported.
Almost half of car dealers expect to deliver growth in the coming 12 to 18 months despite the uncertainty surrounding the impending General Election, Brexit and the roll-out of electric vehicles (EV).
The Society of Motor Manufacturers and Traders (SMMT) has reported a 1.3% decline in new car registrations during November as private and business demand continued to falter in the run-up to this month's UK General Election.
The UK was one of just three European nations to experience a decline in new car registrations the region’s delivered 8% volume growth during October – its best result during the month for a decade.
Cox Automotive has predicted a 1.3% year-on-year decline in new car sales and 2.7% decline in used car sales volumes in Q1 2020.
Less reliant brands with smaller vehicles accelerate their move away from oil-burners
New car sales declined by 6.7% during October as consumer confidence dipped to its lowest level for six years as talk of a December General Election grew in volume as another Brexit deadline loomed.
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
The average UK car dealer lost £14,000 during August in what has been described as a “significant deterioration” on the break-even result achieved in the same month a year earlier.
New car registrations rose just 1.3% as the key numplerplate change month of September saw the sales appeal of the new 69-plate struggle to overcome consumers' "Brexit anxiety".
An 8.7% decline in new car registrations across Europe during August has been attributed to the rush to sell vehicle not compliant with the incoming WLTP a year earlier.
But WLTP, economic uncertainty and design woes blamed for faltering luxury market
The Finance and Leasing Association (FLA) has reported that new business in the point of sale (POS) consumer car finance sector rose 5% by volume during July.
Kia Motors UK managing director Paul Philpott has said that the brand can achieve 120,000 vehicle sales after projecting a record 97,000 sales for the brand in 2019.
Sales of new diesel cars have fallen for the 29th month in a row, but the pace of decline is slowing, says the Society of Motor Manufacturers and Traders.
Europcar has begun competing with franchised dealers by offering consumers the chance to get a 69-plate car in September without the traditional long-term financial commitment.
The point of sale (POS) car finance market posted year-on-year declines of 3% by volume and 2% by value across both new and used car sectors during June, according to the Finance and Leasing Association (FLA).
Buyacar has advised car buyers to steer clear of costly options funded by a PCP finance plan – branding the resulting uplift in monthly payments a “rip-off”.
