The growing momentum for electric vehicles (EVs) could be affected in the short term by social and economic challenges.
The UK’s used car sector would be “a bloodbath” for dealers without the high values and strong margins maintained as a result of 2022’s supply shortages, Cap HPI’s Derren Martin has suggested.
Cazoo has kicked-off its plan to cut its marketing costs as part of its bid to save £200 million per year with the loss of its high-profile Premier League shirt sponsorship deal with Everton FC.
There’s a disconnect between driver benchmarks for acceptable range and the distances currently achievable by EVs that is preventing more people from making the switch.
Auto Trader has urged car retailers not to “jump to rash conclusions about the health of the market” after car price rises eased in May with the prospect of tough times ahead for car buying consumers.
Ford chief executive Jim Farley has said that future dealer standards will be “brutal” to ensure that the brand has the physical network to outperform its car manufacturing competitors.
Carwow has seen a 113% increase in the proportion of consumers who place a formal enquiry for a used car after initially searching on the platform for a new car.
A nationwide survey by Alphera Financial Services has found that most UK car buyers are not ready to fully finalise their car finance agreements online.
New car registrations slumped 20.6% to deliver the lowest May volume in three decades as supply issues continued to hamper the automotive retail sector, Society of Motor Manufacturers and Traders (SMMT) data shows.
SsangYong Motor UK has hailed its return to profitability after seven years of losses as a “major milestone” in a year of restricted new car supplies and continued COVID-19 disruption.
Car ownership has declined for in consecutive years for the first time on a century, according to new motor parc data published by the Society of Motor Manufacturers and Traders (SMMT).
Car retailers eager to ensure their forecourts are stocked with the best used cars in a market currently starved of vehicle supply are being urged to sign-up to today’s free AM webinar.
The number of dealers that are ‘optimistic’ about the used car market has fallen to just 12%, this month, a drop of 21% from the previous month.
Stellantis’ fully electric Fiat 500 hatchback helped the OEM lead Europe’s EV sales race in April as overall new car registrations declined by 20%.
Used car retailers have experienced a May sector “down on hopes and expectations” with average values down by 0.7% as a result, Cap HPI has reported.
AM100 car retail PLC Caffyns plans to open new Lotus and Volvo dealerships after post-lockdown trading delivered a 26.3% rise in revenues and 207.9% surge in pre-tax profits in 2021/22.
The UK Government’s Electric Vehicle Homecharge Scheme (EVHS) has now helped to fund 291,549 domestic electric vehicle (EV) charge points since its launch in September 2014.
The Society of Motor Manufacturers and Traders (SMMT) has called for energy crisis relief from Government after the UK’s car manufacturing output declined by 11.3% in April.
Mercedes-Benz has revealed a plan to axe up to 20% of its German franchised dealerships and 10% of its global network by 2025 as part of its shift to a direct, agency model retail model.
Motorists are reducing their travel expectations and leasing more affordable new cars over longer periods in response to the emerging cost-of-living crisis.
