Car dealers reduced their July losses by almost £5,000 year-on-year to “emphasise improvements made over 2017”, ASE’s monthly profitability report has shown.
Car manufacturers rush to sell new cars which are not compliant with the new WLTP and RDE fuel economy and emissions legislation has created a “false economy” in which sales rose 23.1% in August.
New car sales across Europe delivered their highest monthly total for July since 2009 as 1.31 million vehicles hit the roads of the region last month – a 10% increase of year-on-year.
Renault has announced that it will offer an additional new car sales incentive of £500 for customers keen to get behind the wheel of a Twingo, Clio, Mégane, Captur, Kadjar, Koleos, Scénic or Grand Scénic.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
Manufacturer support for new car offers ahead of the September introduction of WLTP and RDE tests generated a 1.2% rise in July registrations.
Jato Dynamics has warned that car manufacturers are running the risk of huge fines for failing to meet EU emissions standards after new WLTP CO2 emissions tests triggered a 10g/km average increase in vehicles’ published output.
Jaguar Land Rover made a £264 million pre-tax loss in Q1 this year compared to a £595m profit last year due to a slow-down in Chinese sales, the car manufacturer's financial results have revealed.
The number of car manufacturers is predicted to halve in the space of a decade as mobility solutions and a decline in vehicle ownership start to take hold of the market, according to KPMG.
Honest John has called upon the government to abolish insurance premium tax from electric vehicles (EVs) after research highlighted how inflated premiums could be harming sales.
Dealer discounts have remained static in the last three months despite a struggling new car market, according to a What Car? Target Price report.
A look at the UK car market to the end of May shows Vauxhall, Nissan and Fiat suffering.
A £9,900 improvement in April profits for car dealers could be an indicator “the real prospect of a period of comparative prosperity”, according to ASE.
Suzuki will offer £1,000 off all models during a Weekend to Remember sales event being hosted by every one of its 157 UK retailers.
The May new car registration data released on June 5 paints a marginally better picture of the market with overall volumes showing an increase of 3.4% over May 2017.
New car registrations rose by 3.4% in what the Society of Motor Manufacturers and Traders (SMMT) described as a “modest” increase in light of last year’s 8.5% decline during the same month.
Dealers need to tailor test drive routes and offer more than the standard “15 minutes around the block” in order to improve their conversion rates, Coachworks Consulting has said.
Air quality concerns are not hitting all models equally and other segments face an earlier death
Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.