• Used car market buoyant in first quarter
    • 11/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    The UK’s used car market grew 4.1% in the first quarter of 2023 following three successive quarters of decline, according to the Society of Motor Manufacturers and Traders (SMMT). It found that 1,847,149 transactions took place, with 72,798 additional cars changing hands compared with the same period in 2022, as [...]
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  • Nine-month cycle delivers new optimism
    • 04/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    The UK new car market recorded its ninth successive month of growth in April, with an 11.6% increase to reach 132,990 registrations, according to the Society of Motor Manufacturers and Traders (SMMT). Large fleet registrations grew by a third (33.1%) to 68,537 units while deliveries to private buyers fell by -5.5% [...]
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  • Consumer confidence drives up enquiries
    • 03/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    Rising consumer confidence during April was reflected in an eight per cent rise in enquiries for new and used vehicles received by dealers across the UK, as against the same month last year. According to experts at iTrackLEADS, the figures bode well for sales figures later in the year. Meanwhile,British consumers [...]
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  • UK car parc on road to recovery
    • 26/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    Data from the Society of Motor Manufacturers and Traders has found that the number of cars in use on UK roads in 2022 rose by 124,393 to 35,148,045. The overall number of vehicles has risen to a record 40,723,974 units as supply shortages begin to ease and scrappage levels decline. That number is made up of [...]
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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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  • Car buyers shifting to agency model
    • 12/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    A majority of car buyers would prefer to purchase their next car directly from the manufacturer via an 'agency’ model with fixed prices, rather than from a traditional dealer. This is according to the latest research from What Car?. It found that 55.4% of 1,221 in-market buyers surveyed said they would rather [...]
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  • Car sales surge as supply chain pressures ease
    • 05/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    UK new car registrations in March bounced back by 18.2%, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The increase saw 287,825 units delivered, the eighth consecutive month of growth for the new car market, as supply chain challenges slowly continue to ease. As a [...]
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  • Car enquiries enjoy March spike
    • 03/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has found that the number of enquiries for new and used cars received by dealers increased for the second month in a row in March. iTrackLEADS has reported that enquiries jumped 13% on the same period last year. The key sales month saw overall sales increase 4.5% while test drives fell by 1.6%. [...]
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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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  • New car market approaching pre-Covid levels
    • 06/03/2023
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    UK new car registrations grew by 26.2% in February as 74,441 new cars joined Britain’s roads. According to the Society of Motor Manufacturers and Traders (SMMT), this marked the seventh month of consecutive growth as easing supply chain shortages steered the market closer to pre-pandemic levels, down just 6.5% on [...]
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