A 6.4% H1 2019 decline in revenues and 11.8% dip in operating profit during the first half of the year have prompted Renault to cut its sales targets for the full year.
Cap HPI has refuted claims that PCP customers are increasingly at risk from financial difficulties as a result of their car finance agreements lapsing into negative equity.
Jaguar Land Rover (JLR) suffered a £395 million loss in the three months to the end of June as sales fell by 12% to 128,615.
Demand for SUVs appeared to stall across Europe during June as the region suffered a 7.9% overall decline in registrations, Jato Dynamics has reported.
Nissan’s Sunderland car manufacturing plant appears to have avoided a new round of job cuts as the Japanese car brand announced that it plans to shed 12,500 employees worldwide.
Inchcape has said that it is targeting “revenue and cost optimisation” in the UK car retail market after its disposal of seven Volkswagen and Audi dealerships this week.
PSA Group has reported record H1 profitability on the same day that Aston Martin suffered a share price slump, Daimler revealed Q2 losses and reports suggest mass job cuts could be on the cards at Nissan.
Petrol powered vehicles dominated Indicata's monthly rankings of the UK's fastest-selling used cars during June.
Cox Automotive has reiterated its prediction of a 2.9% decline in new car sales for 2019 after the publication of half-year data by the Society of Motor Manufacturers and Traders (SMMT).
Used diesels are selling faster than their petrol equivalents, despite campaigns to shift buyers away from the fuel.
Mercedes-Benz has said that 25% of its new car sales transactions will be completed online by 2025 as it develops a “single log-in” digital strategy offering lifestyle, mobility and shopping solutions to owners and non-owners alike.
Car manufacturers’ second-quarter performances reveal trends masked by their year-to-date registration figures
Despite the advent of online car retail platforms and an attempt to deliver soft-touch approach in showrooms, 52% of car buyers feel that the sales process has not changed.
The September roll-out of the new RDE2 vehicle emissions standards is causing a re-emergence of new car pre-registrations, the Vehicle Remarketing Association (VRA) heard at its July members meeting.
The volatility of used car values “started to ease” with a 2.2% average rise to £9,463 in June, according to the monthly BCA Pulse report.
Company car drivers choosing a pure electric vehicle (EV) will pay no benefit-in-kind (BIK) tax in 2020/21 following a Government review which looks set to boost sales of emissions-free cars.
Car dealers concerns about the roll-out of the new RDE2 Real Driving Emissions car testing standards in September are ‘unlikely’ to manifest themselves in a WLTP-like impact on the market, according to Cox Automotive.
Used car buyers are increasingly choosing to buy longer warranties when buying cars from independent dealers, finds the RAC.
The average price of a used car advertised via Auto Trader increased by 0.8% in May, despite ongoing reports of declining values.
Used car prices have continued to decline during June as a “realignment of values” impacts all vehicle sectors, according to Cap HPI.