Global economic uncertainty is intensifying, fuelled by political tensions, rising tariffs, while ongoing armed conflicts are rattling financial markets and disrupting industrial sectors.
Almost two-thirds of dealers (62%) say an improved economy would provide the biggest boost for used car sales in 2025, new research indicates.
The vehicle rental and leasing industry faces a turbulent 2025, with escalating employer National Insurance contributions (NIC) at the forefront of mounting concerns, according to the BVRLA’s Industry Outlook Report.
A leading expert on automotive economics is calling for a comprehensive overhaul of UK policy, including incentives, infrastructure development and a clear industrial strategy to address domestic production woes and accelerate the EV transition.
The Bank of England is battling to reduce inflation in the UK from the high and harmful levels it has reached in 2022, and members of the Vehicle Remarketing Association heard first hand about its methods this week.
With the UK faced with economic and political turmoil impacted by wider global events, economist Dr Rebecca Harding will attempt to slice through the uncertainty for motor retailers at Automotive Management Live 2022 this Thursday.
Dr Rebecca Harding, an advisor to the Council of the Society of Professional Economists and former chief economist of the British Bankers Association, will deliver a keynote presentation at Automotive Management Live next month to help guide motor retailers through the turbulent economic conditions.
More than half of car owners without a service plan are considering delaying or missing their vehicle’s annual service this year, as living costs rise rapidly.
As the British people face significant increases in the cost of living, the Chancellor Rishi Sunak has delivered tax cuts to fuel and wages in today's Spring Statement to the UK Parliament.
The UK economy is forecast to return to pre-Covid levels by 2022, as annual growth is set to rebound by 6.5% this year, followed by 6% in 2022, according to the Budget Day speech by Rishi Sunak, Chancellor of the Exchequer.
The UK has entered recession for the first time since 2009 after COVID-19 coronavirus lockdown measures contributed to a 20.4% contraction of the economy in the second quarter of 2020.
Businesses need to focus on productivity and skills investment to help the UK power its way out of the global recession caused by the COVID-19 pandemic, says professor Joe Nellis of Cranfield School of Management.
As Coronavirus is expected to cause an economic downturn of up to 3% per month, CDK, CitNOW and RAPID RTC take action to help their dealer customers.
Newton Honda will highlight its place a as a key player in Croydon’s local economy when it hosts a debate led by the town’s Chamber of Commerce.
The Bank of England has told car loan providers they are at the risk of action against reckless lending due to the ‘spiral of complacency’ from lenders.
Black Horse is expecting to see increased challenges in the second half of this year as the regulatory and economic climate becomes more uncertain.
NatWest has written to businesses to warn it may have to charge to accept deposits if interest rates are cut below 0%.
