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.
Diesel sales are not only beginning to slow in the new car market, but that selling used diesel powered cars is less profitable.
Residual values will fall in the next 12 months by a couple of percentage points and up to 8% in the next three years.
More may need to be done to educate the rapidly rising number of PCP customers about the condition in which their lease car should be returned, says Glass's.
The coming weeks will be a frantic scrabble to shift metal to the customer in the most efficient way possible, to meet both profit targets and volume commitments given to the manufacturers earlier in the year.
Fleets "hanging onto" cars and vans in an attempt to achieve unrealistic and inflated valuations are causing distortions in the used car and van markets, say Glass's.
Potential buyers of higher value used cars appear to be holding back until the outcome of the EU referendum is known, according to Glass's.
Members of the transport select committee have branded the Government “phenomenally complacent” over the response to the Volkswagen emissions scandal.
The used car market is starting to reach the long-predicted tipping point into oversupply - with values coming under pressure as a result, reports Glass's.
There would be "significant uncertainty" over used car values if the UK left the EU following the June referendum, says Glass's this morning.
Demand for good condition, well specced used cars that have covered mileages of 150,000 miles or more is increasing.
The success of plug-in petrol hybrids in the new car market is unlikely to be replicated in the used market.
A split between 'two tribes' of trade buyers - those who buy almost entirely online and others who remain motor auction-based - is becoming increasingly apparent.
Manufacturers are being forced to introduce deposit contributions on nearly new cars to create differentiation with the monthly rates available on subsidised brand new vehicles.
2015 was a record year for new car registrations.
The fastest selling used car in the UK in November was the Chevrolet Cruze hatchback, according to Glass’s.
The penalisation of the industry as a whole as a result of one key player would be unfair but this is a real possibility.
The traditional winter surge in values for 4x4s may no longer be a feature of the market.
Rupert Pontin says the only way for dealers to examine how they source, present and price their stock is by using as much market intelligence as possible.
Calls to ban or reduce usage of existing diesel cars in major towns and cities could see the values of affected vehicles fall significantly, predicts Glass's.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues