The National Association of Motor Auctions (NAMA) has reported a 13.6% rise in the average used car price as the average mileage at auction reached their lowest point on record.
Manheim’s average used car price rose by 16% in September as Cox Automotive’s wholesale and retail businesses ride a wave of “higher quality and of lower mileage” stock.
The Kia Sportage secured back-to-back success as Auto Trader’s fastest selling used car by securing the top spot once again in September.
The SMMT has blamed uncertainty surrounding the future of diesel cars and a Brexit-induced hit to consumer confidence for a 9.3% slump in new car registrations during September.
The practicalities of ‘filling up’ electric cars could limit the mass-market appeal of ultra-green vehicles, according to a report by the RAC Foundation.
September’s plate change may be more aggressive than usual due to manufacturers scrambling to drive sales with scrappage schemes.
Overall franchisee satisfaction scores are down for 22 out of 29 manufacturers in the NFDA's latest survey of dealer sentiment.
According to research by Sainsbury’s Bank Loans, 83% of motorists will haggle when buying a car.
New car registrations grew by 5.4% across Europe during August 2017 as the UK suffered a 6.4% fall for the same period, according to figures published by Jato Dynamics.
China and India will boost worldwide sales growth in 2017 and 2018 as the market approaches 100 million new vehicle sales despite ongoing decline in the US and UK markets, according to Euler Hermes.
Diesel remains “the right fuel choice for a significant number of drivers” with recovering used car prices suggesting that consumers are starting to make their own judgements of the fuel, according to Cap HPI.
Consumer new car finance volumes declined 7% year-on-year during July but rose 10% in the used sector during July, according to figures published by the Finance and Leasing Association.
Consumers change their cars more often than they do their smartphones as their mindset shifts towards “usership rather than ownership”, according to HPI.
Tesla has delivered the first batch of its entry-level Model 3s but the company is facing considerable production challenges to meet consumer demand.
The National Association of Motor Auctions expects the market to “remain stable” after first time conversion rates increased by 3.8% in July.
Auto Trader has revealed that diesel car searches have lost their dominance as the impact of proposed anti-diesel legislation and continued publicity surrounding NOx emissions is felt.
Analysts from Cap HPI have briefed staff from the Bank of England on the current condition of the UK new and used car markets.
Post-Brexit tariffs and trade barriers could add 10% to UK car servicing bills, costing car owners an extra £70 per service, according to research carried out by the SMMT.
Used car prices “bucked the trend” for a July decline to remain at their most stable rate since 2012, according to Cap HPI.
A 13.7% decline in the number of cars being manufactured in the UK in June has caused the SMMT to revise its target of producing two million cars a year by H2 of 2020.
