• EV interest falls sharply after 2030 delay
    • 26/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    The government’s decision to postpone the sale of new petrol and diesel vehicles in the UK from 2030 to 2035 has had an immediate impact on buyer intentions, according to a new survey carried out by Auto Trader. It found that 37% of car buyers now say they’re unlikely to ever buy an EV, which is up from 21% in [...]
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  • New car market swells by a quarter
    • 05/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    The new car market grew 24.4% in August with 85,657 new vehicles registered. The Society of Motor Manufacturers and Traders (SMMT) reported this was an increase of 16,799 units, although it remains 7.5% below pre-pandemic levels. The increase was fuelled by a surge in registrations by large fleets, rising 58.4% [...]
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  • LCV prices reach record high
    • 23/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    Auctioneer Aston Barclay has reported that second-hand light commercial vehicle prices reached a new record high at the end of May. It said demand for brand new models is also continuing to grow. Prices have now grown by 8.3% since January, reaching £9,057, with the average mileage of vans on the used market [...]
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  • Perfect 10 for rising car sales
    • 05/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The performance marks 10 consecutive months of growth, although [...]
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  • LCV values break £10,000 barrier
    • 31/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    Building on a strong first quarter, average monthly LCV values at BCA continued to climb in April to reach their highest point since early 2022.   Average values rose by £348 (3.5%) compared to March, to reach £10,325, the highest figure recorded since February 2022.  The mix of vehicles on offer played into [...]
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  • EV interest plummets amidst rising costs
    • 20/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    The government has been urged do more to encourage EV adoption as buyer interest has plummeted in the face of higher vehicle and energy prices coupled with the cost-of living crisis. Auto Trader’s Road to 2030 Report says the government must step in with a detailed programme of tax incentives to support the mass [...]
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  • BCA reports strong quarterly results
    • 20/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    BCA has reported a strong first quarter for the used car sector, as average values rose for the third month running, sold volumes continued to increase and average weekly used car values reached their highest point so far this year.   Values averaged £8,939 at BCA in March 2023, up by £399 or 4.7% compared to [...]
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  • Retailers under-pricing used cars as demand grows
    • 11/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    New data from Auto Trader has revealed that used car prices grew in March following 10 months of softening demand. Its Retail Price Index found the average retail value of a used car was £17,712 in the month, a two per cent rise on a like-for-like basis from 2022. Sales volumes were also up in the month, [...]
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  • Dealership sales dip despite rising enquiries
    • 09/03/2023
    • Posted by: Alan Feldberg
    • Category: News
    The number of enquiries for new and used cars received by dealers in February increased by 2.7% against the same month last year. According to data from iTrackLEADS, dealers saw a 3.4% increase in the number of test drives. However, sales fell by seven per cent and handovers by 27% Adrian Favill, director of [...]
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  • Car finance down in December
    • 17/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business by value and volume fell in December 2022 by six per cent compared with the same month in 2021. In 2022 as a whole, new business grew nine per cent by value and three per cent by volume compared with [...]
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