Online used car buyers were younger and even more urban in 2021
SURGING DEMAND for electric vehicles marked the biggest change in a remarkably stable online used car market in 2021, new analysis has revealed.
Positive outlook for retail market as demand remains unaffected by latest announcements
Despite the introduction of the Government’s Plan B measures last week, according to the latest data from Auto Trader, the automotive retail market remains in strong health. In fact, not only are levels of consumer demand continuing to increase, but the importance consumers are placing on car ownership has reached record levels.
Clive Sutton brings world's only Shelby-licensed Cobras to UK
High-performance and luxury car retailer Clive Sutton has extended its coverage of the Shelby range by bringing the world's only Shelby-licensed Cobras to the UK. Clive Sutton offers three right-hand drive versions of Cobra continuation and replica models, which are meticulously recreated by Superformance, the world’s leading producer of the
Online car shoppers more likely to buy at the start of the week
Monday evenings are the most popular time for car buyers to choose their new motor, according to a new analysis by popular online used car supermarket BuyaCar.co.uk.
BookMyGarage.com sees record bookings and franchised dealer sign-up surge in 2021
BookMyGarage.com achieved its best ever month for bookings in October, growing by 34% compared to the same month in 2020.
Discover EV introduces the UK’s first free digital automotive marketplace for electrified vehicles
A dedicated and free online service for buying and selling electrified cars has just been launched to help car buyers looking to make the shift to zero or low-emissions motoring.
Car shortage sees consumer demand hit all-time high as 'vaporising' brand loyalty adds to manufacturers' woes
RECORD APPETITE for cars is clashing with unprecedented supply shortages to create a demand 'pressure cooker', according to new figures revealed by car information hub Autovia.
New car sales decline despite robust demand
“Despite robust demand from consumers, sales of new cars fell in October due to the well documented supply-side constraints”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT’s new passenger car
Consumer car finance market fell by 21% in September 2021
New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 21% in September 2021 compared with the same month in 2020. In the nine months to September 2021, new business volumes were 9% higher than in the same period in 2020.
2026 marks cross-roads for EV skills gap
According to new analysis from the Institute of the Motor Industry, 90,000 automotive technicians[i] will be required to provide sufficient workforce to service the volume[ii] of zero emissions vehicles predicted to be on UK roads by 2030 - the government’s Road to Zero deadline. However, whilst the automotive sector is working hard to retrain and
The Increasing Importance of Signposting ULEZ/CAZ Stock
"As moves to improve air quality in cities across the UK accelerates, dealers need to be aware of the impact on local buyers from a stock management perspective and ensure their used stock is signposted prominently to help consumers comply with new Clean Air Zones rules," notes Debbie McKay, Head Of Motor - Major Accounts at MotoNovo Finance
Today's automotive crisis spells a unique opportunity to build future market share, says Autovia
CRISIS in the automotive sector today is creating a unique opportunity for car makers to win future market share by building stronger relationships with tomorrow's car buyers.
North-south UK divide widens among online car buyers - but not for dealers
A DRAMATICALLY widening north-south divide between Britain's online car buyers has been revealed in the latest internet car sales analysis.
JBR Capital enjoys record business period, lending £100m since 1 March enabling customers to fund their automotive passion
Leading automotive finance provider JBR Capital has enjoyed its most successful business period to date. Driven by the post-pandemic pent-up demand for high-end vehicles, the London-based company has lent £100m since 1 March, enabling customers to fund their passion for supercars and luxury vehicles.
Car buyer confidence returning after last year’s woes, according to cargurus study
Car buyers’ confidence levels are at 12-month high when it comes to feeling like they can afford to purchase a car, according to leading automotive marketplace cargurus.
Pioneering EV trial results in world's most advanced battery 'digital twin' capable of predicting battery lifetime
A world-first, real-life trial of electric vehicles, involving leading battery analytics specialist Silver Power Systems (SPS), EV manufacturers and academics, has brought closer the holy grail of battery modelling: accurately predicting EV battery lifespan.
Business relationship between dealers and manufacturers improves
“It is positive to see that dealers’ satisfaction levels with their manufacturers have improved across most business areas; as consumer confidence returns and the economic environment continues to recover, there are reasons to be optimistic about the months ahead”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association
Hyundai Motor UK Launches next phase of Workshop Automation System
Hyundai has partnered with edynamix as it launches the next phase in the development of the award-winning Workshop Automation system. Combining DMS data, reservation management and workshop loading with a dedicated electronic health check platform, the latest developments are having a positive impact on Service Departments
Volkswagen introduces Over-the-Air Updates for all ID. Models
Volkswagen is taking the next big step towards becoming a software-oriented mobility provider with its ACCELERATE strategy. Effective immediately, all ID. Models will receive regular software updates via mobile data transfer.
Honda launches virtual showroom experience for all-new HR-V Hybrid
Honda offers consumers a virtual showroom and demonstration experience as if they were there in person.
Best-ever August sales for Kia
Kia UK Limited’s market share has grown once more with record sales in August, latest figures from the Society of Motor Manufacturers and Traders (SMMT) show.
Clive Sutton creates unique 'speed of sound' Mustang
The high-performance tuning division of performance and luxury car specialist Clive Sutton has unveiled a new special edition Mustang, the Mach 1 – 767 Edition.
New car sales decline in August as supply issues continue to affect the market
“The new car market saw a decline of-22% in August as supply constraints caused by the shortage of semiconductors continue to affect registrations”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle dealers in the UK, commenting on the latest SMMT’s new
Dealers’ recruitment trends reflect industry growth
The National Franchised Dealers Association (NFDA) has published the latest edition of its ‘HR Survey’ exploring franchised dealers’ plans and views on a range of employment issues in automotive retail including their recruitment plans, employee engagement and performance review activities, and apprenticeships. The responses covered 1,115
How dealers can harness the power of digital to maximise success
As the automotive industry accelerates its digital transformation, David Nield, Managing Director of V12 Vehicle Finance (V12VF), offers ways dealers can successfully reap the rewards of boosting their online footprint.