Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.
MG, Audi, Kia and Polestar featured among 2021’s new car registrations winners as Tesla’s Model 3 ended 2021 as the UK’s second best-selling car with registrations almost three-times that of the next most popular EV.
New car registrations rose just 1% in 2021 as tougher trading arrangements, accelerating technology shifts and decimated supply stalled the sector’s recovery from COVID-19.
Research by electric vehicle (EV) charging app, Zap-Map, has revealed that EV drivers are ‘highly satisfied’ with their decision to purchase a zero emission car.
The promise of standardised pricing and an end to showroom haggling mean that 55% of car buyers would prefer an agency model in the automotive retail sector, according to What Car? research.
Supercar and luxury vehicle retailer HR Owen has reported a seven-fold rise in pre-tax profits in its 2020/21 annual financial results.
The supply of new electric vehicles (EVs) to UK dealers is under threat due to a lack of financial incentives, when compared to other European Countries.
After what has been described as a “topsy turvey” 2021, with trading challenges leading to record profits for many businesses, AM looks back at its top 10 most-read stories.
Volkswagen Financial Services (VWFS) has predicted that new car supply shortages will trigger a festive car rental boom for franchised retailers operating its Rent-a-Car service.
Franchised car retailers should be working hard to secure new car supplies early with a Q1 2022 marketing and sales events push, according to MotorVise Automotive’s Fraser Brown.
Rising cases of the Omicron variant of COVID-19 are exposing anti-vaxxers as the car retail sector’s biggest business disruptor, it has been claimed.
After what he described as a "topsy turvey" year for automotive, EY UK & Ireland automotive leader, David Borland, suggests electric vehicles (EV) will hold the key to recovery in 2022.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
Europe’s new car retail sector suffered its lowest November registrations for three decades as volumes declined by 18% due to ongoing semiconductor shortages.
Used LCV values rose during November at BCA as demand grew steadily for vehicles to service the online and home delivery sector in the run-up to Christmas.
Van buyers are up to 40 times more likely to go ahead with a purchase than those looking at the most popular car models, finds BuyaCar.
Mercedes-Benz has reached an agency model agreement with its retailers which will lead to the introduction of the new retail framework in the UK from 2023.
The Bank of England has raised interest rates for the first time in three years in a bid to tackle UK inflation.
Government’s latest cuts to the plug-in car grant could derail car retail’s decarbonisation efforts and will impact less affluent electric vehicle (EV) buyers most, the National Franchised dealers Association (NFDA) has said.
