The retail new car market has declined for the second consecutive month.
Probably most importantly for the development of the UK passenger car market, the Bank of England looks unlikely to raise interest rates until well into 2017.
A 2.5% fall in private new car registrations in April has been offset by increased activity in the fleet and business markets.
Record new car registrations look set to continue as research shows demand for new cars is still growing.
Mazda UK has achieved the largest single month of sales in the company’s history.
March’s new car market is forecast to be a record breaker.
Top 10 AM100 dealer group Lookers is predicting that the new car market may nudge the three-million mark around the end of the decade.
February’s new car market was the highest for the month in 12 years, as registrations reached 83,395 units.
THE record-breaking momentum of car registrations during 2015 has continued into the start of the year, with the SSMT confirming an 11-year high of 169,678 for January.
Blurred lines are emerging between new and used car buyers as customers become more easily influenced by running costs and finance offers, according to Motors.co.uk.
2015 was a record year for new car registrations.
A recent study of UK dealers by CAP found the majority, 46.3%, believe that 2016 will beat 2015 for new car registrations.
The new car market looks set to hit a record level in 2015 but dealer profitability certainly doesn’t, warns ASE Global chairman Mike Jones.
The new car market returned to growth in November, after a decline in October – the first in 44 months.
Peter Watts, Motors.co.uk director of dealer insight, is offering tips for retailers over Winter season.
The new car market is still on track for a record year, despite a sales dip of 1.1% in October, according to CAP.
WhatCar? is advising its readers to buy a new car instead of a one-year old version of the same model due to competitive finance and low interest rates.
Light commercial vehicle registrations increased by 6.2% to 28,208 units in October, according to data from the SMMT.
New car registration figures have fallen for the first time in 43 months. October’s figures, published this morning, show a 1.1% decline.
The European new car market increased by 9.7% in September year-on-year to 1.27 million units, led by growth in the UK, Spain and Italy.
New car registrations in the UK reached their highest-ever September total last month.
CAP Automotive is increasing the amount of data is uses to determine used retail pricing as part of an overhaul of its services.
The new car market has reached a level where the industry is being damaged by such high volume being pushed into the UK.
The UK new car market recorded its 42nd consecutive month of growth in August, albeit in one of the year’s quietest months, with a 9.6% rise, SMMT data shows.
Nissan’s 21st-century showroom concept, with technology and creature comforts combined to enhance the overall customer experience, replacing replaces the traditional sales-focused showroom.
