Market insight
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Opinion 31 JulPSA Group 'no deal means no investment' warning is no surprise
PSA Group, the French automaker that owns Vauxhall again warned this week that it could pull production from its Ellesmere Port plant in the UK if the plant becomes unprofitable after Brexit.
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News 30 JulSolo Cars seeks solution to Liverpool showroom expansion problem
Independent used car supermarket owner James McConville has said that the search for larger premises is the biggest challenge he currently faces as he seeks expansion for his Solo Cars business.
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Market Insight 29 JulNFDA calls on Prime Minister Boris Johnson to end Brexit uncertainty
The National Franchised Dealers Association (NFDA) has called on new Prime Minister Boris Johnson to end the Brexit uncertainty with a deal to safeguard the UK automotive retail sector's 800,000 jobs.
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Used Cars 29 JulUsed car values dip to ‘record’ 2.2% July decline
Used car values have dropped by a record 2.2% decline for July as the large executive and luxury executive cars fell out of favour with car buyers, Cap HPI has reported.
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Manufacturer 26 JulRenault cuts 2019 targets after H1 profit and revenue decline
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.
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Supplier News 26 JulCap HPI denies PCPs are putting car buyers' finances at risk
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.
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Manufacturer 25 JulJLR suffers £395m loss in the three months to June 30
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.
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Market Insight 25 JulSUV sales growth stalls as European car registrations decline
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.
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Manufacturer 25 JulNissan confirms 12,500 global job cuts
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.
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Car Dealer News 25 JulInchcape targets ‘cost optimisation’ after Volkswagen and Audi disposals
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.
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Manufacturer 24 JulPSA Group posts record profits as Aston Martin, Daimler and Nissan falter
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.
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Latest News 23 JulPetrol powertrains UK’s top 10 quickest selling used cars
Petrol powered vehicles dominated Indicata's monthly rankings of the UK's fastest-selling used cars during June.
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Market Insight 22 JulCox Automotive re-states 2.9% 2019 new car sales decline prediction
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).
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Used Cars 22 JulUsed diesels sell faster than petrol equivalents, find Cap HPI
Used diesels are selling faster than their petrol equivalents, despite campaigns to shift buyers away from the fuel.
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Manufacturer 19 JulMercedes-Benz to sell 25% of cars online by 2025
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.
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Market Insight 19 JulCar manufacturer's Q2 registrations may predict 2020 performance
Car manufacturers’ second-quarter performances reveal trends masked by their year-to-date registration figures
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Supplier News 17 JulCar buyers perceive dealers' failure to evolve, Auto Trader report finds
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.
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Market Insight 16 Jul
RDE2 vehicle emissions test to trigger new pre-registrations race
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.
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Used Cars 16 Jul
Used car price ‘volatility’ starting to ease, says BCA
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.
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Market Insight 9 JulGovernment will remove BIK company car tax on EVs from 2020/21
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.
