The Finance and Leasing Association (FLA) still expects a Q2 rise in car buying activity, despite expectations that spending will slow amid rising inflation, interest rates, and taxes.
Dealers need to make changes to their websites so customers don’t hit the back button too quickly.
National Franchised Dealers Association (NFDA) chief executive Sue Robinson has welcomed Government’s decision to reform the Customer Credit Act – branding it “outdated”.
MG Motor UK has halted its sales of affordable electric vehicles (EV) as it aims to meet an “unprecedented level of demand” amid global semiconductor supply shortages.
Cost-conscious car buyers are opting for older, higher mileage cars as household incomes become increasing stretched, according to research commissioned by leading warranty provider WMS Group
Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.
Volkswagen could claim leading brand status in the electric vehicle (EV) market from Tesla as soon as 2024, according to new research compiled by Bloomberg Intelligence (BI).
Rising fuel prices have made almost half of car buyers more likely to switch to an electric vehicle (EV) for their next purchase.
Government’s axing of its plug-in car grant (PiCG) electric vehicle buying incentive will “heavily disincentivise EV adoption”, according to the National Franchised Dealers Association (NFDA).
The growing momentum for electric vehicles (EVs) could be affected in the short term by social and economic challenges.
The UK’s used car sector would be “a bloodbath” for dealers without the high values and strong margins maintained as a result of 2022’s supply shortages, Cap HPI’s Derren Martin has suggested.
Cazoo has kicked-off its plan to cut its marketing costs as part of its bid to save £200 million per year with the loss of its high-profile Premier League shirt sponsorship deal with Everton FC.
There’s a disconnect between driver benchmarks for acceptable range and the distances currently achievable by EVs that is preventing more people from making the switch.
Auto Trader has urged car retailers not to “jump to rash conclusions about the health of the market” after car price rises eased in May with the prospect of tough times ahead for car buying consumers.
Ford chief executive Jim Farley has said that future dealer standards will be “brutal” to ensure that the brand has the physical network to outperform its car manufacturing competitors.
Carwow has seen a 113% increase in the proportion of consumers who place a formal enquiry for a used car after initially searching on the platform for a new car.
A nationwide survey by Alphera Financial Services has found that most UK car buyers are not ready to fully finalise their car finance agreements online.
New car registrations slumped 20.6% to deliver the lowest May volume in three decades as supply issues continued to hamper the automotive retail sector, Society of Motor Manufacturers and Traders (SMMT) data shows.
SsangYong Motor UK has hailed its return to profitability after seven years of losses as a “major milestone” in a year of restricted new car supplies and continued COVID-19 disruption.
Car ownership has declined for in consecutive years for the first time on a century, according to new motor parc data published by the Society of Motor Manufacturers and Traders (SMMT).
