Market insight
New car market still ‘fragile’ despite 14.7% January growth, says SMMT
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the economic outlook, cost-of-living crisis and anxiety over new technology mean the new car market remains ‘fragile’, despite 14.7% January growth.
Peugeot 208 ends VW Golf’s 15-year run as Europe's best-selling car in ‘troubled’ 2022
Peugeot’s 208 hatchback ended the Volkswagen Golf’s 15-year reign as Europe’s best-selling car as the region’s troubled automotive sector suffered a third consecutive year of declining sales in 2022.
Motorpoint: reduced finance income and EV values to impact profits for ‘foreseeable future’
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
UK’s car manufacturing prospects ‘precarious’ after 2022’s 9.8% decline
The prospects of UK car manufacturing sector’s future has been labelled “precarious” as pressure mounts to accelerate investment in zero-emissions electric vehicle (EV) production following 2022’s 9.8% sector decline.