The September 1 introduction of Worldwide Harmonised Light Vehicle Test Procedure (WLTP) has been blamed for a 20% slump in car dealership profits during the key ‘plate-change month.
Nextgear Capital has said that a used car stock funding is poised for further growth as dealers look to “boost their buying power” amid rising values and a rush for stock.
The Society of Motor Manufacturers and Traders (SMMT) has called for a Government re-think of its policies to encourage the sales of low-emission vehicles after hybrids bucked October’s new car registrations decline.
A race for vehicle refurbishing services could be sparked by used car stock shortages which are leading car dealers to downgrade the condition of stock they are buying to fill their forecourts, according to the Vehicle Remarketing Association.
Carwow has partnered with the Financial Times to champion women in the automotive industry with its first ‘Navigating a Male Dominated Industry’ seminar.
Cox Automotive will deliver insight into how car retailers can deliver on customers’ expectations of a ‘connected retail’ experience at Automotive Management Live 2018.
Manheim has forecasted a buoyant end to 2018 for the used car market following an uplift in buyer activity during September - describing demand for the right stock as "supercharged".
The Society of Motor Manufacturers and Traders (SMMT) has urged the Chancellor of the Exchequer to “stimulate the market” with his 2018 budget following September’s 16.8% decline in car production.
PSA Group overtook the Volkswagen Group as Europe’s best-selling car brand as the effects of WLTP’s implementation resulted in the region’s biggest monthly registrations decline in a decade during September.
Hyundai Motor UK chief executive Tony Whitehorn has warned that the automotive sector must adopt a blended and flexible approach to adapt to the changing retail environment.
Used car values fell by 5.4% at auction during September according to the National Association of Motor Auctions.
BDO’s eighth motor salary survey has revealed that the average car retail employee’s annual remuneration package has increased from £40,000 to £41,000 in 2018.
Car retailers have been warned not to breach the Financial Conduct Authority’s new Insurance Distribution Directive, which demands increased staff training in a bid to enhance consumer protection.
A cross-party group of 42 Parliamentarians have called upon the Chancellor of the Exchequer, Phillip Hammond, to use this upcoming budget to stimulate the uptake of electric vehicles (EVs).
Investment in a hub and spoke car retail model will help to ensure that franchised dealers “thrive and have many years of longevity”, according to a new sector report published by Colliers International.
Used LCV values rose to their second highest level in the history of BCA’s Pulse Report during September – with a month-on-month price rise of 5.4%.
The Mercedes-Benz GLA Class emerged as the top performer in Auto Trader's monthly fastest-selling used car rankings for the first time in September – taking an average of 15 days to leave dealer forecourts.
A ‘no deal’ Brexit will see car registrations volumes slip back top levels last seen in the 2009 recession, algorithms created by Frost & Sullivan have determined.
A cross-party group of MPs have demanded that Government imposes an outright ban on the sale of all petrol and diesel vehicles by 2032 in a bid "fast track" adoption of electric vehicles (EVs).
Average prices of cars reached a new record high in quarter three, according to Autorola’s latest used market report.
