A push to hit targets in the final days of September has set a new record for the month’s new car market.
A survey carried out by Cap HPI has revealed that one-in-four dealers expects volumes of pre-registered vehicles to exceed 21% of total new sales in September.
The UK new car market achieved modest growth in August, as registrations rose 3.3% against the same month last year.
Registrations across the European new car market slumped by 2.3% in July – it’s first fall for 34 months.
Volkswagen has suffered Europe’s biggest market share drop of 2.4% during July but remains the regions’ largest car manufacturer as Europe suffers 2% fall in new car sales.
UK new car registrations showed a moderate increase in July, up 0.1% to 178,523 units as demand continues to cool.
Buyacar.co.uk has seen an upswing in new car searches following the Brexit result.
Ford factory closures and price hikes are “on the table” as the manufacturer looks to cut costs amid fears that Brexit could cost the brand over £800 million over the next two years.
Mercedes-Benz and BMW top the Q2 new car registrations growth charts as Ford, Vauxhall and Volkswagen tumble.
US financial regulators are taking interest in carmakers’ practices of recording revenues based on shipments to their dealers rather than on sales to end-users.
2016's first half saw a record 1,420,636 new car market. Yet a 0.8% drop in June with a -4.5% drop in private orders suggests the market appears to be turning,
Dramatically increased pre-reg activity is leading to a “confused marketplace” for new and nearly new vehicles, according to Cap HPI.
Germany, Italy, France and Spain all experienced double-digit growth in car registrations during May, with a total of 969,100 up 15% on the previous year.
Lings Mitsubishi are celebrating the success of a new management team after matching last year’s vehicle sales figure in the space of just six months.
The retail new car market has declined for the second consecutive month.
Probably most importantly for the development of the UK passenger car market, the Bank of England looks unlikely to raise interest rates until well into 2017.
A 2.5% fall in private new car registrations in April has been offset by increased activity in the fleet and business markets.
Record new car registrations look set to continue as research shows demand for new cars is still growing.
Mazda UK has achieved the largest single month of sales in the company’s history.
March’s new car market is forecast to be a record breaker.