Market insight
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Latest News 11 OctCar finance options confuse UK consumers
Research from Zopa has shown that UK car buyers are confused when picking which car finance option is the best to fund their next purchase.
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Manufacturer 11 OctDyson axes £2bn electric vehicle (EV) plan
Vacuum giant Dyson has called time on its £2 billion project to market an electric vehicle (EV) after concluding that sales of its “fantastic electric car” would not be economically viable.
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Finance 10 Oct
FLA reports 2% car finance market volume decline in August
The Finance and Leasing Association (FLA) has reported that the automotive retails sector’s point of sale finance business declined by 2% during August.
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Acquisitions and deals 10 OctInchcape agrees £100m sale of UK fleet solutions business to Toyota
Inchcape looks set to continue its recent round of business disposals after agreeing to sell its Inchcape Fleet Solutions (IFS) UK vehicle fleet management and funding division to Toyota for £100m.
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Market Insight 8 OctPre-reg prevalence triggers ‘serious’ nearly-new car value decline
While consumer confidence seems to have improved during the key number plate change month of September efforts to prop up ailing new car sales seem to be hampering parts of the used car market.
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Market Insight 7 OctCar dealers lost £14,000 in August market 'deterioration', says ASE
The average UK car dealer lost £14,000 during August in what has been described as a “significant deterioration” on the break-even result achieved in the same month a year earlier.
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Car Dealer News 7 OctPeoples Ford boss repeats no deal Brexit ‘Armageddon’ warning
Peoples Ford chairman Brian Gilda has repeated his warning that a no deal Brexit will trigger “Armageddon” for UK industry as the group announced its latest set of annual financial results.
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Market Insight 4 Oct
WLTP roll-out triggers 23.5% UK van registrations decline
The roll-out of the worldwide harmonised light vehicle test procedure for vehicle emission into the commercial vehicle sector has triggered a 23.5% decline in September registrations.
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Market Insight 4 OctSeptember’s 69-plate delivered 'modest' 1.3% sales growth, says SMMT
New car registrations rose just 1.3% as the key numplerplate change month of September saw the sales appeal of the new 69-plate struggle to overcome consumers' "Brexit anxiety".
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Car Dealer News 3 Oct
Inchcape leaves Chinese market with £54m car dealership disposals
Inchcape has announced that its will leave the Chinese car retail market with the sale of its Lexus, Porsche and Mecedes-Benz dealerships in the country for over £54 million.
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Used Cars 30 SepUsed EVs delivered 3.4% August value increase, Auto Trader reports
The value of a used electric vehicle (EV) rose by an average of 30.4% in August as year-on-year like for like values in the wider market declined by 1.3%, according to Auto Trader.
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Opinion 27 SepThe E-sig problem: HMRC’s latest attack on car dealers, guest opinion
MHA MacIntyre Hudson’s Motor Specialist Team has seen a significant rise in HMRC enquiries at both franchised dealers and car supermarkets.
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Manufacturer 26 SepAston Martin’s £120m bonds deal an ‘all or nothing rescue attempt’
Aston Martin’s decision to raise £120m in senior secured bonds in a move which will see it paying 12% interest has been described as an “all-or-nothing rescue attempt” by the Financial Times.
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Market Insight 26 SepEurope’s 8.7% August car sales dip blamed on 2018 WLTP roll-out
An 8.7% decline in new car registrations across Europe during August has been attributed to the rush to sell vehicle not compliant with the incoming WLTP a year earlier.
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Market Insight 26 SepUK car manufacturers deliver 3.3% August production growth
The Society of Motor Manufacturers and Traders (SMMT) has highlighted a “failure to make back spring Brexit shutdown losses” despite a 3.3% growth in UK car manufacturing volumes during August.
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Used Cars 26 SepCap HPI reports first used car value increase in 18 months
Cap HPI’s live used vehicle valuations have recorded their first average value growth figures for 18 months.
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Manufacturer 25 SepVolkswagen brands dieselgate market manipulation charges ‘groundless’
Volkswagen Group has branded allegations that chief executive Herbert Deiss and chairman Dieter Poetsch were guilty of market manipulation in connection to the dieselgate scandal as “groundless”.
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Manufacturer 23 SepEuropean automotive leaders unite against ‘no deal’ Brexit
Representative from the industry bodies behind Europe’s automotive manufacturing sector have united in their efforts to deter the UK and EU from allowing a ‘no deal’ Brexit to go ahead.
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Used Cars 23 SepRemarketing sector ‘continued to strengthen’ in August, BCA reports
The used car remarketing sector “continued to strengthen” during August as the average price of a vehicle sold via BCA rose 2.9% month-on-month.
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Market Insight 19 SepOperation Yellowhammer highlights Brexit's impact on car dealers
The Government’s recently Operation Yellowhammer ‘no deal’ Brexit contingency plan will have notable implications for the motor finance sector, according to Bluestone Credit Management.
