Consumer demand shifts to new vehicles

Enquiries for new vehicles increased by 20% in July compared the same month last year, while orders rose 11.4%.

This is according to Dealerweb, which also found that the cooling of the used market continued with a 10% fall in enquiries and an eight per cent fall in orders. This follows June data that saw enquiries fall by 7.8% and orders drop 2.4%.

James Hill, managing director of Dealerweb, said: “Dealers across the UK continue to perform strongly despite numerous headwinds. The data has shown a record-breaking first half of the year, with dealer groups seeing strong demand for new and used vehicles.

“However, the component shortage is undoubtedly having an impact on delivery times, and we are seeing a knock-on effect with price rises for used stock.”