The SMMT has said that COVID-19 Lockdown 2 and the Welsh firebreak are set to result in the UK’s weakest new car sales performance since 1982, following a 1.6% decline during October.
Consumer motor finance defied September’s 4.4% new car registrations dip to record a 7% year-on-year rise in volumes and 11% growth by value, according to the Finance and Leasing Association (FLA).
Car retailers’ efforts to drive sales through digital sales processes designed to overcome the challenges of COVID-19 delivered a 10% increase in new car orders last month.
Demand for used cars has risen 15% year-on-year as franchised retailers experience a decline in sales of new cars, according to AA Cars data.
The Vehicle Remarketing Association will cover a range of issues impacting a 2021 new and used car market which promises to be “difficult in all kinds of ways” in its upcoming outlook seminar.
The UK’s consumer car finance market grew 1% by volume and 8% by value during August, according to new data from the Finance and Leasing Association (FLA).
Ford retailers who are unable to find £750,000-per-dealership site to fund a post-Brexit change to the brand’s VAT invoicing regime could be forced out of business, it has been claimed.
The UK’s new car sales volumes slumped to their lowest September number plate change month this century as the automotive COVID-19 recovery stalled to a 4.4% year-on-year decline.
Volvo Car UK retailers were among high-performing UK car dealers celebrating their “best September ever” after overcoming the challenges of the COVID-19 pandemic to recover with record sales.
Jato Dynamics said there are signs that “big issues need to be addressed” to ensure that Europe’s automotive sector delivers a COVID-19 recovery following an 18% decline in August new car registrations.
Strong demand for newly-launched 70-plate models in September will make this a profitable quarter for car dealers across the UK, Motorvise’s Fraser Brown has insisted.
Analysis of the new car market to July shows city cars and MPVs seem destined for extinction
Almost half of all car buyers expect new car prices to rise when Britain’s transition out of the EU is complete, but many still intend to buy one according to research from Buyacar.
The new car market fell by 5.8% in August, but private demand remained steady to absorb the majority of losses that came from business and fleet registrations.
Pictures are flooding in on social media with all the early handovers on the first day of what will likely be the busiest month of the year.
New research from WeBuyAnyCar has revealed that 24% of motorists are unaware of the bi-annual number plate change-over for new cars.
Growing demand for green cars across Europe has been highlighted in July registrations data that prompted renewed hope for a ‘V-shaped’ COVID-19 recovery in the region.
Savings on nearly new 2020-registered cars are putting pressure on new car sales targets for September’s registration plate change.
Carwow’s new car sales for July 2020 were up 10.43% compared to the same period last year, painting an optimistic picture for dealers.
More than a quarter of PCP buyers are concerned about meeting future monthly payments on their next vehicle due to the impact of COVID-19, according to What Car?.