Market insight
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Manufacturer 18 FebFord may accelerate ‘natural erosion’ of UK dealer network
Ford is said to be in talks with its franchised partners as part of a bid to accelerate the “natural erosion” of its UK dealer network.
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Finance 17 FebFCA fines Moneybarn £2.77m for unfair treatment of 'vulnerable' customers
The Financial Conduct Authority (FCA) has fined automotive finance provider Moneybarn £2.77 million for failing to treat "vulnerable" customers fairly when they fell behind with loan repayments while in financial difficulties.
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Market Insight 14 FebFranchised car dealers more resilient to 2019 challenges, CarGurus report finds
Franchised car retailers proved more resilient than then independent used car selling counterparts during 2019’s tough trading conditions, according to the CarGurus One Voice Report.
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Market Insight 14 FebOEMs driving aggressive EV strategy as shared mobility takes back seat
Car manufacturers' focus on electrification strategies has become so important in 2020 that areas around digitalisation and mobility services are being scaled back, according to Frost and Sullivan.
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Finance 13 FebCar finance market grew 3% by value in 2019, FLA reports
The Finance and Leasing Association (FLA) has reported a 3% increase in the value of new business in the car finance during 2019.
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Opinion 13 FebFive ways car dealers can drive affordability and sales, guest opinion
Motor traders have faced a dual challenge in the last year or so, reviewing their affordability assessments to meet new guidance from the FCA at a time of economic uncertainty.
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Finance 13 Feb
County court debt judgements reached record high in 2019
A total of 1.15 million county court judgements (CCJs) during 2019, making it a record year of action against consumers in debt, the Registry Trust has revealed.
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Market Insight 12 FebCoronavirus and emissions regulation threaten automotive supply chain
Coronavirus has joined 2020’s shift to stringent EU CO2 emissions regulations to threaten UK car dealers’ supply of vehicles and parts, according to Cox Automotive.
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Used Cars 12 FebUsed car market shrunk by 0.1% to 7.9 million sales in 2019
The UK’s used car market ended 2019 just 0.1% down with 7.9 million sales following two months of growth in the second half of the year, the Society of Motor Manufacturers and Traders (SMMT) has reported.
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Market Insight 11 FebCar dealers RoS reached eight-year low in 2019, ASE reveals
Car dealers achieved their lowest return-on-sales (RoS) figure since 2011 in 2019 after rounding off a “tough” year with a £1,700 loss in its final month, according to ASE.
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Market Insight 10 FebPetrol car prices falter amid limited used demand, Cazana finds
January’s usual flurry of new car discounts appear to have failed to generate the “boost in fortunes” usually delivered by the first month of the new year, according to Rupert Pontin, director of insight at Cazana.
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Manufacturer 10 FebCitroen serves-up Britain’s biggest new car discounts
Citroen franchisees have been revealed as Britain’s biggest new car price discounters in research compiled by What Car? magazine.
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Market Insight 10 FebNFDA urges Government to safeguard plug-in car grant
The National Franchised Dealers Association (NFDA) has urged Government to safeguard the plug-in car grant (PCIG) in order to “ensure a consistent and successful transition to electric vehicles” by 2035.
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Opinion 10 FebWhat next for UK car manufacturing after Brexit, guest opinion
The period since the referendum has been a turbulent one for UK manufacturing and especially the automotive industry.
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Manufacturer 7 FebCarmakers ‘no longer agnostic’ about car buyers’ drivetrain choices
Ford of Britain and the PSA Group have conceded that the time has come to influence car buying customers drivetrain choices in a bid to steer them into a new crop of low-emission electrified cars.
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Used Cars 7 FebDealers underplaying warranty offer, says AutoProtect
Used car dealers are failing to communicate the value of their warranty offer, according to new analysis from AutoProtect.
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Opinion 7 FebConnected cars will trigger evolution of car ownership, guest opinion
The internet has changed the way we act as consumers with digitally delivered convenience becoming a game-changer in how we expect products and services to be supplied.
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Aftersales 7 Feb‘Race is on’ to train technicians on EVs by 2035 deadline, says IMI
The Institute of the Motor Industry (IMI) has said that the “race is on” to get vehicle technicians ready for 2035’s ban on new petrol and diesel cars.
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Used Cars 6 FebEV and used car supply central to 2020 success, dealer survey finds
Supplies of EVs and used cars, consumer demand and efficiency issues will all impact car dealers in 2020, with 54% anticipating increased pressure on profit margins according to a Cox Automotive sentiment survey.
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Opinion 5 FebGovernment’s 2035 EV pledge: A hidden plan or pure fantasy?
The announcement that the UK government is bringing forward the final date for the sale of fossil fuel powered vehicles to 2035 is without a doubt a laudable commitment.
