Market insight
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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.
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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 Sep
Used 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.
