The average UK car retailer saw their monthly profit soar by 189.7% year-on-year in what the SMMT had described as a “desperately disappointing September”, according to ASE.
Subaru retailers across the UK will welcome their first fully electric vehicle (EV) into showrooms in the middle of 2022.
New consumer car finance volumes remained up on 2020 in the first nine months of this year despite slumping by over a fifth in September, the Finance and Leasing Association (FLA) has revealed.
Car buyers’ brand loyalty is “vaporising” in a “pressure cooker” of high demand and stalled new vehicle supplies causing lengthy delivery times, new research shows.
MG, Hyundai and Kia continued to buck the UK’s new car registrations decline with impressive year-on-year growth in October.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has expressed hopes of a “brighter” 2022 for UK automotive after new car registrations declined by 24.6% in October.
The decline on new cars sales, caused by the coronavirus pandemic and the semiconductor shortage, in the last two years is estimated to have cost the aftersales sector £600 million.
National media reports revealing former pop stars Gabriela and Monica Irimia now work in franchised car dealerships have boosted the profile of the UK motor retail industry.
Tesla’s record quarterly net profit of $1.6billion (£1.16bn) suggests the electric vehicle (EV) manufacturer has been ‘nimble’ in its approach to managing semiconductor shortages, it has been claimed.
Franchised car dealers across the UK experienced the lowest new car registrations total since 1998 in a “desperately disappointing September” number plate change month, the SMMT has confirmed.
Fast-growing MG Motor UK has promoted national fleet sales manager Geraint Isaac to the newly-created role of head of fleet as it looks to “really grow its presence in the fleet market”.
Electric vehicle (EV) sales outnumbered those of diesel cars across Europe as registrations declined by a further 18% year-on-year, Jato Dynamics has reported.
Dicksons of Inverness have extended MG Motor UK’s reach into the Highlands with the opening of a new dealership in its home city.
MG Motor UK has achieved a new sales record of 20,000 units this year to date, beating its 2020 volumes by more than 1,500 units.
More than a fifth (21%) of in-market new car buyers have been unable to test drive vehicles they are interested in, according to a new study by What Car?.
SMMT chief executive Mike Hawes has said that OEMs were doing “all they can” to deliver new cars to customers after the UK suffered its worst August sales performance since 2013.
A study by Grant Thornton and Cox Automotive reveals the impact of coronavirus countermeasures on vehicle manufacturers and their abilities to mitigate the effect.
Car buyers heading into showrooms this September will be able to achieve discounts of up to 20% on a new car despite stock shortages resulting from the global semiconductor production crisis.
Issues with the supply of electric vehicles (EV) have prompted the UK Government to extend the period allowed for car dealers’ plug-in car grant (PiCG) orders from nine to 12 months.
MG Motor UK’s growing franchised car retail network continued to grow the brand’s new car registrations despite July’s vehicle supply and COVID-prompted sector headwinds.
Supply issues resulting from global semiconductor shortages and the ongoing impact of the UK’s COVID-19 ‘pingdemic’ have been blamed for the lowest July new car registrations total since 1998.
Car buyers boosted the consumer motor finance sector’s volumes by 12% in June – a year on from the 2020’s easing of the UK’s first coronavirus lockdown.
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Jato Dynamics has said that it is “unclear” whether Europe’s new car registrations volumes will return to pre-COVID pandemic levels after the sector’s recovery slowed in June.
Honda’s 3,000-strong workforce at its Swindon manufacturing plant have begun their final shift ahead of the site’s official closure at the end of this week.
