April’s new car sales were up by 10.4% year-on-year after the slump in April 2017 caused by customers desperate to beat a looming rise in VED.
Even the most optimistic reading of March’s registrations sees the market fall considerably
Failing demand for new cars could trigger a more widespread reduction in the UK’s car dealership numbers following Vauxhall’s move under its PSA Group owners, according to the SMMT.
Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
UK car dealers cannot rely on manufacturer support indefinitely after Vauxhall took the decision to terminate all its retail network contracts, according to restructuring advisory practice Duff & Phelps.
Car retailers’ need to better cater for women was brought into focus by a Society of Motor Manufacturers and Traders report, which showed female car ownership has risen by 21% in a decade.
Volvo’s XC40 compact SUV has continued the brand’s run of good sales form by becoming its most successful new model launch ever in the UK.
MG Motor UK’s new head of sales and marketing Daniel Gregorious has targeted a position as “an industry leader in the affordable car category” for the Chinese-owned brand.
Car retailers posted a monthly loss of £18,000 in February as new car margins continued to deteriorate ahead of a disappointing month of registrations in March.
March new car registrations fell 15.7% year-on-year, with diesels suffering a 37.2% fall. The result was described as not unexpected
Europe’s continued growth in new car registrations “could become dependent on a select few markets” after 13 of the region’s 27 markets register sales declines, Jato Dynamics has revealed.
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
A 2.8% fall in new car registrations in February to 80,805 units was caused by lower demand in all segments.
UK car manufacturing a "stable" outlook with a year-on-year decline of just 0.05% after record exports drove the sector during January, according to the Society of Motor Manufacturers and Traders.
Cap HPI has revealed the average price of a new car has risen 38% over the last decade, with a PCP-fuelled push towards SUVs and premium cars the main driver of change.
Pendragon’s share price has rallied following the publication of full-year financial results revealed the AM100’s second largest retail group had suffered a 19.9% dip in underlying profit before tax.
The SMMT has increased its forecasted 2018 new car registrations decline from 5.4% to 5.7% in its latest prediction of how the market's performance between now and the end of 2019.
New car sales volumes fell by 6.3% as the market started 2018 with the lowest January total since 2014, prompting the SMMT to urge government to drive fleet drivers back into diesel cars.
The 5.7% fall in new car registrations last year was not split equally across brands, channels or models
The SMMT’s volume forecast for 2017 failed to predict the extent of the Q4 sales slump. How can dealers plan for a 2018 market that may be just as volatile?