Auto Trader claims that two thirds of all used car dealers' sales in the UK result from leads generated via its online marketplace.
More than three-quarters (76%) of in-market buyers are planning to visit a car showroom in the next three months, despite the ongoing Coronavirus risks.
Lotus UK has completed the switch to an agency model agreement for its 13 franchised car retail sites ahead of the arrival of the new Emira coupe in showrooms.
The Nissan Leaf has topped Auto Trader’s Fastest Selling Index for 2021, with the average example taking just 17 days to sell from dealer forecourts.
Driverama has said that it has no immediate plans to bring its growing online car retail operation to the UK after kicking off its growth in new European markets.
Newly published motor finance market data from the Finance and Leasing Association (FLA) have revealed that business volumes rose by a third in November.
Car dealers “smashed” historical automotive retail trends to record a net £50,000 profit in November, according to the latest sector KPIs published by ASE.
Car supplies could take up to eight years to recover after component shortages and COVID-19 factory closures, according to Pendragon chief executive Bill Berman.
Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.
Auto Trader has predicted “continued strong price growth” in the used car sector following a 30.5% surge in values during December.
Environmental and sustainability considerations are the top driver for those buying used electric and hybrid cars, according to eBay Motors Group.
Rolls-Royce Motor Cars defied the impact of component supply shortages and the impact of COVID-19 to record the highest car sales total of its 117-year history in 2021.
Electric vehicle (EV) leasing company, DriveElectric, predicts that at least 330,000 new battery electric vehicles (BEVs) will be registered in the UK in 2022.
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.
MG, Audi, Kia and Polestar featured among 2021’s new car registrations winners as Tesla’s Model 3 ended 2021 as the UK’s second best-selling car with registrations almost three-times that of the next most popular EV.
New car registrations rose just 1% in 2021 as tougher trading arrangements, accelerating technology shifts and decimated supply stalled the sector’s recovery from COVID-19.
Research by electric vehicle (EV) charging app, Zap-Map, has revealed that EV drivers are ‘highly satisfied’ with their decision to purchase a zero emission car.
The promise of standardised pricing and an end to showroom haggling mean that 55% of car buyers would prefer an agency model in the automotive retail sector, according to What Car? research.
Supercar and luxury vehicle retailer HR Owen has reported a seven-fold rise in pre-tax profits in its 2020/21 annual financial results.
