-
Dealerships endure December dip
- 04/01/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that enquiries to car dealerships fell by more than 10% in December compared to the same month in 2021. According to data from iTrackLEADS, enquiries fell by 10.3% in December, while test drives declined by seven per cent and sales of new and used vehicles by 13%. Manufacturing delays and [...] -
Used car prices remain robust
- 20/12/2022
- Posted by: Alan Feldberg
- Category: News
Used car retail prices are up 3.4% year-on-year (YoY), according to Auto Trader’s Retail Price Index data, with the current average price of a used car now £18,066. Since reaching a peak in April 2022, the rate of price growth has softened over consecutive months – falling 0.1% from November to December. [...] -
New registrations surge by nearly a quarter
- 05/12/2022
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew 23.5% in November to 142,889 registered units in the fourth consecutive month of year-on-year growth, according to new figures published by the Society of Motor Manufacturers and Traders (SMMT). The growth delivered the best total for November since 2019. However, registrations in the [...] -
LCV values remain steady
- 22/11/2022
- Posted by: Alan Feldberg
- Category: News
LCV values averaged £9,674 at BCA in October, down just £15 on September’s figure and underlining the good balance between supply and demand. Performance against guide prices continued to improve, rising above 100% for the first time since February of this year. It is the third consecutive month that BCA has [...] -
BCA agrees Alan Day partnership
- 06/10/2022
- Posted by: Alan Feldberg
- Category: News
BCA and Alan Day Motor Group have announced a new exclusive online remarketing partnership offering up to 1,000 vehicles annually. The programme will run for an initial 12 months and will feature a wide range of part-exchange stock including Volkswagen and Skoda vehicles. Introduced from 18 October, the deal [...] -
Revival of new registrations continues
- 05/10/2022
- Posted by: Alan Feldberg
- Category: News
The UK new car market recorded its second successive month of growth in September, with registrations rising 4.6%. According to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT), 225,269 cars joined Britain’s roads last month. While this was a 9,957 unit [...] -
Customer demand dips as inflation rises
- 05/10/2022
- Posted by: Alan Feldberg
- Category: News
New data has revealed that customer demand for new and used vehicles fell in September compared to the same month in 2021. According to iTrackLEADS there was a 24.8% decline in enquiries, while test drives and both fell by 20%. Adrian Favill, director of iTrackLEADS, said: “It’s clear the market is facing [...] -
Energy prices cooling EV demand
- 28/09/2022
- Posted by: Alan Feldberg
- Category: News
Surging energy prices is dampening demand for electric vehicles. An AA survey of 12,500 drivers showed 63% of respondents said the increase in home electric bills was contributing to their decision to stick with petrol or diesel cars, while 10% stated it was the main reason for not making the switch to [...] -
Car sales reverse five-month decline
- 06/09/2022
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew for the first time since February in August, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). It found the market grew by 1.2% with some 68,858 new vehicles joining the road. Overall growth in the month was driven primarily by battery electric [...] -
LCV market nosedives in August
- 06/09/2022
- Posted by: Alan Feldberg
- Category: News
The UK light commercial vehicle (LCV) market fell by 24.6% to 15,520 units in August, meaning registrations have fallen every month of the year. According to the Society of Motor Manufacturers and Traders, global supply chain challenges have acted as a handbrake on registrations, while growing economic headwinds [...]