Market insight
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Used Cars 18 SepSeat Alhambra MPV tops Auto Trader fastest selling car rankings
Seat’s Alhambra has grown its reputation as an in-demand MPV thanks to the results of sales data compiled in Auto Trader’s monthly fastest-selling cars rankings.
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Car Dealer News 18 SepPendragon to close 22 Car Stores following 188% H1 profit decline
Pendragon has announced plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results.
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Latest News 17 Sep
Low mileage car lease deals increasing among UK drivers
A reduction in vehicle usage is leading to an increased demand for lower annual mileage car leasing agreements, according to data published by Leasing.com.
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Market Insight 16 SepUsed car market becoming more ‘complex and volatile’, says Cap HPI
Fluctuations in the value of used cars and the wider adoption of ever-faster remarketing platforms have driven the used car market to become more “complex and volatile” in 2019, Cap HPI has reported.
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Finance 13 SepJuly delivered 5% rise in car finance volumes, reports FLA
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.
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Market Insight 12 SepBuyacar identifies 40% price cuts on unsold '19-plate cars
Franchised car retailers are offering discounts of up to 40% of a vehicle’s original list price in an efforts to offload their pre-registered 19-plate stock during the September ‘plate change month.
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Used Cars 12 SepPre-registered cars put pressure on August used car stock turn
Car retailers saw their used car stock turn speed up as an influx of pre-registered cars onto their forecourts led to the swift sale of nearly new vehicles, according to Indicata.
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Market Insight 11 Sep'Tenacity and resilience' required as August apathy impacts used car margins
August delivered evidence of significant pre-registration driven by the requirement for market share and the need to register WLTP cars in the face of the arrival of RDE2 legislation.
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Car Dealer News 11 SepInchcape generates £76m with Australian car dealership disposals
Inchcape has generated £76m with the disposal of six Volkswagen, BMW, Mini and Jaguar Land Rover (JLR) retail sites in Australia.
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Used Cars 10 SepHalf used car dealers reported improved August margins
More than half of used car retailers reported that they had achieved the same or improved margins during August, according to a Cox Automotive Dealer Sentiment Survey.
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Market Insight 6 SepOnline car sales to exceed a million in 2020, says Frost & Sullivan
Online car sales will number over a million across the globe in 2020 as rapid growth drives a further six-fold growth by 2025, according to research conducted by Frost & Sullivan.
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Opinion 6 SepWhen will we reach the EV tipping point? A guest opinion
Franchised car retailers have a role to play in disproving the challenges of electric vehicle (EV) adoption if consumers are to wholeheartedly adopt new AFV technology, writes Mike Morris, chief executive of Nexus Infrastructure and its subsidiary eSmart Networks.
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Used Cars 5 SepEV supply shortages to drive used value growth in September
Consumers looking to buy a 69-plate electric vehicle (EV) in September could be scuppered by a shortage of vehicles entering the market – leading to greater demand for used EVs.
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Manufacturer 5 SepKia targets 120,000 UK car sales in anticipation of record 2019
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.
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Market Insight 2 SepHonda is NFDA’s Dealer Attitude Survey’s most improved car franchise
Honda emerged as the National Franchised Dealers Association’s (NFDA) most improved franchised in the Summer 2019 Dealer Attitude Survey amid the roll-out of its ambitious network restructure.
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Manufacturer 23 AugJLR 'halves' some Dual Arch car showroom demands amid dealer push-back
Jaguar Land Rover (JLR) is scaling back its Dual Arch dealer network upgrades after pushback from retailers over the level of investment required.
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Market Insight 23 AugCar buyers’ dealership management meetings ‘key to a sale’
Car buyers are two-and-a-half times as likely to purchase a car of they have been introduced to a car dealerships manager during their visit to a showroom, JudgeService has revealed.
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Market Insight 23 Aug
Car finance market declined 3% during June, FLA reports
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).
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Aftersales 22 AugFranchised car dealerships see 5% rise in H1 aftersales activity
Franchised car retailers benefited from a 5% rise in the volume of vehicles presented at their dealerships for maintenance, according to vehicle health check provider autoVHC.
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Market Insight 22 AugMPs highlight car dealers’ ‘inadequate support’ for low-emission vehicles
MPs who suggested that climate change targets require many UK motorists to ‘ditch the car’ completely by 2050 have questioned the commitment of car manufacturers and dealers to the promotion of alternative fuel vehicles (AFVs).
