• Response times reducing retail sales

    • 18 May 2022
    • Posted by: Alan Feldberg
    • Category: News
    The latest market data from iTrackLEADS has revealed a sharp fall in overall enquiries in April The total number of leads fell by 18% against the same month in 2021 In a tightening market, the lead optimisation company is now advising dealers to respond to every lead as quickly as possible, with its own research [...]
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  • Used car market enjoys strong start

    • 10 May 2022
    • Posted by: Alan Feldberg
    • Category: News
    The UK’s used car market increased 51% in the first quarter of 2022, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT) It found that 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021 Used car sales [...]
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  • UK buyers back British brands

    • 27 April 2022
    • Posted by: Alan Feldberg
    • Categories: featured, News
    A quarter of in-market car buyers say they are more likely to buy from British brands or choose cars manufactured in Britain to support the country’s automotive sector through the difficult trading period This is according to the latest in-market research by What Car With global semiconductor shortages halting [...]
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  • Car finance makes strong start to 2022

    • 14 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up in January 2022 by 43% compared with the same month in 2021 The corresponding value of new business increased by 60% over the same period In the 12 months to January [...]
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  • EV demand drives sales rise

    • 7 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    UK new car registrations rose by 15% in February as 58,994 new cars joined Britain’s roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) The rise of 7,682 units was in comparison with the same month in 2021, when the pandemic shut car showrooms across the UK Despite [...]
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  • Buyer demand holds firm in February

    • 4 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    Consumer demand continues to rise for new and used vehicles, according to the latest data from iTrackLEADS It sampled data from 300 dealers across the country, which showed a nine per cent rise in the number of leads in February against the same month last year, while test drives increased by 128% However, the [...]
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  • Used car market shows signs of settling

    • 3 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    The used car market has made a steady but unspectacular start to the New Year, according to BCA’s latest data External economic pressures and the cost-of-living squeeze are affecting consumer demand and the strong performance typically seen in the early weeks of the New Year has simply not materialised in [...]
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  • EV demand triples according to fresh data

    • 1 March 2022
    • Posted by: Alan Feldberg
    • Category: News
    Annual EV sales almost tripled according to new data released by Volkswagen Financial Services UK (VWFS) It found that annual finance cases for battery electric vehicles (BEV) surged 160% from 2020 to 2021 This trend is all the more impressive considering the level of volatililty the automotive industry has faced [...]
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  • Cazoo secures £465m additional funding

    • 14 February 2022
    • Posted by: Alan Feldberg
    • Category: News
    Online car retailer Cazoo has raised $630m (£465m) in additional capital through a shares transaction The transaction is led by new investor Viking Global Investors, alongside participation from several existing shareholders including Mubadala Investment Company, D1 Capital and Willoughby Capital as well as other [...]
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  • Used car market rallies in 2021

    • 9 February 2022
    • Posted by: Alan Feldberg
    • Category: News
    The UK’s used car market grew by 115% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT) It found that 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled [...]
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