Jato Dynamics has warned that car manufacturers are running the risk of huge fines for failing to meet EU emissions standards after new WLTP CO2 emissions tests triggered a 10g/km average increase in vehicles’ published output.
Almost two in five dealers have highlighted stock acquisition as the number one commercial challenge in their used car business.
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
UK dealers saw profitability increase by 74% during Q2 this year, despite a slight slip in June’s performance, according to the latest figures from ASE.
The rise of contactless bank cards and chip and pin transactions have resulted in over half of UK adults “rarely” using an actual signature, according to new research.
The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of between 16 and 23%.
Jaguar Land Rover made a £264 million pre-tax loss in Q1 this year compared to a £595m profit last year due to a slow-down in Chinese sales, the car manufacturer's financial results have revealed.
The Society of Motor Manufacturers and Traders has conceded that UK-based car makers are not ready for a ‘no deal’ Brexit after revealing that manufacturing levels had declined by 3.3% in the first half of 2018.
Half-way through 2018, some of the large volume car manufacturers are keeping APR rates at zero in the face of challenging market conditions.
The number of car buyers purchasing a vehicle on their first visit to a dealership has leapt to 40% of all sales, according to figures from lead management company enquiryMAX.
Car leasing customers showed a desire to “take control” of their car acquisition with a surge in email enquiries of 44% during the first half of 2018, ContractHireAndLeasing.com has reported.
The number of car manufacturers is predicted to halve in the space of a decade as mobility solutions and a decline in vehicle ownership start to take hold of the market, according to KPMG.
Expected fall in overall registrations masks dramatic changes within vehicle segments
Car dealers have shared insight into the challenges they face in 2018 as part of an interview series conducted by Oodle Finance – with Brexit and online sales emerging as their most pressing concerns.
The Driver and Vehicle Standards Agency (DVSA) will give manufacturers a 10-day deadline before it legally forces them to recall vehicles or face prosecution
The used car market slowed in July, according to Cap HPI.
Inchcape’s UK trading profits were down “significantly” over the first half of this year as pre-registration activity put pressure on new and used car margins.
Ford has created a new autonomous vehicle division and will invest $4 billion to accelerate the brand’s growth in the market over the next five years.
Over 4.7 million drivers are paying for car finance each month in the UK at the cost of £1.07 billion.
A WLTP-prompted shortage in the supply of new vehicles has resulted in daily rental companies turning to the used car market to replenish their fleets, the Vehicle Remarketing Association (VRA) has said.
