Market insight
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Finance 29 NovCar finance demand remains strong despite interest rate rise
Consumer demand for motor finance remains strong despite surging interest rates, with engagement up 46% on pre-pandemic levels according to Auto Trader.
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Market Insight 29 NovKnowledge of EV sector’s ‘black cars’ could protect against value slump
Car retailers will need to brush up their knowledge of car manufacturers’ advances in electric vehicle (EV) battery technology advances to avoid a slump in value set to impact so-called ‘black cars’.
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Opinion 29 NovNo margin for error: carmakers right to stall agency model retail roll-out
ICDP managing director Steve Young believes the decision of Stellantis, Ford and Volvo to delay their roll-out of the agency model retail agreements for their franchised car dealers is a positive step.
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Manufacturer 25 NovStellantis franchisees ‘over the moon’ at agency model roll-out delay
Franchisees from Stellantis’ UK dealership networks have told AM of their support of the car manufacturing giant’s plan to delay the roll-out of its agency model agreements by six months.
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Market Insight 25 NovUrgent investment needed to ensure 2023 UK car manufacturing recovery, says SMMT
The Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said that more favourable conditions for investment are “needed and needed urgently” to ensure UK car manufacturing’s 2023 recovery.
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Finance 24 NovIs a ‘happy accident’ keeping motor finance from blowing up?
The automotive retail sector’s supply issues and buoyant used car residual values have been described as a “happy accident” preventing the motor finance sector from “blowing up”.
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Market Insight 24 NovAutomotive sector can ‘grow and thrive’ in challenging 2023
The automotive sector will be able to “grow and thrive” despite a whole list of issues facing the sector in a challenging 2023, the Vehicle Remarketing Association (VRA) has said.
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Market Insight 24 NovVolkswagen, Ford and Toyota sales drive rising European car registrations
Rising new car registrations from Volkswagen, Ford and Toyota suggest carmaker’s are starting to learn to deal with the impact of semiconductor shortages on their manufacturing operations, according to Jato Dynamics.
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Aftersales 23 NovMotor trade salaries ramping-up demand for skills increases, IMI finds
The automotive sector's 20-year high vacancy rate has led to increased demand and greater salaries, research completed by the Institute of the Motor Industry (IMI) has found.
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Manufacturer 22 NovMazda to harness partnerships to boost EV investment by £9bn
Mazda has hatched a plan to boost its investment in electric vehicles (EV) by almost £9 billion after forecasting that sales could be significantly more than previously expected.
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Market Insight 22 NovLCV values suggest ‘demand remains well balanced against supply’, says BCA
A decline in average used light commercial vehicle (LCV) wholesale values of just £15 in October suggests that “demand remains well balanced against supply”, according to BCA.
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Market Insight 22 NovEV road tax plan prompts almost 40% of motorists to reconsider purchase
More than half of car buyers are reconsidering the purchase of a zero-emissions electric vehicle (EV) after the Chancellor of the Exchequer announced plans to make them eligible for VED road tax.
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Market Insight 21 Nov70% of buyers want to view their next car at a dealership, finds eBay Motors
The majority of car buyers still prefer the full in-person dealership experience, according to new research by eBay Motors.
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Market Insight 21 NovRising living costs hamper EV adoption
The growth in the number of drivers considering buying a BEV (Battery Electric Vehicle) as their next car has slowed, according to a new study.
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Used Cars 21 NovUsed car values climb another 5.1% on Auto Trader despite cost-of-living crisis
Motorists’ continued appetite for car buying has delivered another 5.1% increase in the value of the average used vehicle advertised for sale on Auto Trader.
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Market Insight 17 NovDrivers holding on to cars longer due to cost-of-living crisis
Almost a third of British drivers (32%) are planning to hold on to their current vehicle for longer than planned due to the cost-of-living crisis.
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Manufacturer 16 NovFiesta demand increases following Ford’s end-of-production announcement
Dealers have started to stock-up on Ford Fiesta models, following the announcement that the model will cease production next year.
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Used Cars 15 NovTesla Model 3 values decline as cost-of-living crisis dents used EVs' appeal
Used versions of Tesla’s Model 3 electric vehicle (EV) have lost around £5,000 in value in two months as the supply and demand balance of zero-emissions cars puts pre-owned prices to the test.
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Car Dealer News 15 NovUsed car dealers’ pessimism swells amid stock shortages and consumer confidence
The number of used car retailers who describe themselves as “pessimistic” about the sector’s current fortunes has almost quadrupled in the space of just a month.
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Market Insight 14 NovCost-of-living crisis forces owners of older cars to keep them longer
Owners of cars that are at least 10 years old are less likely to swap them for newer models during the cost-of-living crisis, according to a Motorpoint survey.
