new car market
Stability's back for used cars, says Vertu Motors, but new car retail looks uncertain
OEMs and franchised dealers face a daunting task to deliver sales mix and volume expectations in the new car market as many private buyers find young used cars much more attractive thanks to recent price drops, according to Vertu Motors, one of the biggest motor retailers in the AM100.
OEMs must "get down to it" to meet 2035 ZEV demands, says trade body
Luca de Meo, president of the European Automobile Manufacturers Association (ACEA), has said OEMs must "get down to it" and ensure car buyers are into zero emission vehicles by 3025 rather than quibble about the deadline.
Executive View: The fishing quota approach for car sales
This year could go down in history for the automotive industry, for the most unusual reason, writes AM's regular columnist Professor Jim Saker, emeritus professor of Loughborough University's business school and president of the Institute of the Motor Industry.
Omoda plans to outsell Citroen, Mazda, Dacia in second year of UK car sales
Ambitious Chinese car brand Omoda is set to launch within weeks and its management team is already setting sales expectations that would overtake established brands Citroen, Mazda, Dacia and Seat by just its second year.
Volkswagen dominated as UK new car sales reached 1.9 million in 2023
Full year 2023 new car sales data shows Volkswagen dominated the UK’s new car market in 2023, ending the year with 162,087 registrations and market share of 8.52%, almost a whole percentage point ahead of nearest rival Ford’s 7.57%.
Executive View: Dale Wyatt's expectations of UK motor retail in 2024
The months ahead will bring a "hyper competitive environment" with fresh entrants to the new car market, existing OEMs battling to convince retail buyers about EVs, and a close eye on cost bases, according to outspoken industry executive Dale Wyatt as the Suzuki GB boss shared his expectations for 2024 on LinkedIn.