Consumer appetite for brand new cars persisted into the second quarter
Dealers are doubtful whether they will be able to meet their manufacturing partners’ new car targets due to current market conditions.
Sales of new electric cars held their own during the traditionally slow month of February
New car enquiries have dropped by 17.4% year-on-year in Q1, according to new data from automotive showroom management provider, Dealerweb.
Sales of new and used cars fell by 13% in a “conflicting” January, when compared to the same month last year.
Suzuki GB director of automobile believes that a hybrid vehicle supply model might make the most sense for the UK’s car retail sector when the current manufacturing crisis eventually subsides.
Demand for new and used vehicles falls again in June, marking the fourth consecutive month of declines, data from iTrackLeads has found.
The squeeze on household incomes and continued new car supply constraints mean that the UK’s car finance sector is likely to be restricted to ‘single-digit growth’ in 2022, the FLA has said.
The new and used car finance markets returned to growth in July as showrooms across the UK re-opened their doors following the COVID-19 lockdown period, the Finance and Leasing Association (FLA) has confirmed.
The key number plate change month of March will be pivotal in car retailers’ efforts to achieve profitability in 2020, according to sector analyst ASE.
Stoneacre Motor Group has revealed detail of a 24.9% turnover increase in annual turnover and a 31.2% increase in pre-tax profits in annual financial results to April 31, 2019.
The number of cars sold on finance grew by 9% in August, when compared to figures for the previous year.
The Finance and Leasing Association’s head of motor finance Adrian Dally has said that lenders expect a “stable” 2018 after full-year results from 2017 revealed new business had grown 2% by value and 7% by volume.
