2012 is likely to be a reality check for the UK car market which had been lulled into a false sense of solvency by the scrappage scheme and fleet sales.
The March 2012 issue of AMe is now live and free to read.
New car registrations fell by 2.5% to 61,868 units in February, but the drop was in line with industry expectations ahead of the plate-change in March.
Dealer attitudes towards the value of the brands they represent have fallen slightly on average from 6.7 to 6.5 out of 10 according to the latest NFDA dealer attitude survey.
The Society of Motor Manufacturers and Traders is expecting dealers to register over 350,000 new cars in March.
Franchised dealers made an average return of 0.8% in 2011 according to the latest figures from ASE, the business management company.
UK car manufacturing rose by 5.8% to 1,343,810 units in 2011 and ended the year with a 1.6% rise in production in December.
The Government has extended its Plug-In Car Grant until 2015 and has created a new Plug-In Van Grant reducing the cost of eligible vans by 20% up to the value of £8,000.
New car demand fell by 4.4% in 2011 to 1.94 million units but was ahead of the forecast 1.92m thanks to support from the fleet market.
Keith Parry, relationship director of Barclays Corporate, on motor retail from lender’s perspective; access to funding; keeping your business in good shape; finance types and sources; terms and conditions; funding costs.
Automotive forecasters at PricewaterhouseCoopers (PwC) believe consumers’ fears of the UK economy slipping back into recession will drive new car sales below 1.9 million units next year.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues