-
New car sales hit 20-year high
- 06/03/2024
- Posted by: Alan Feldberg
- Category: News
New car registrations rose 14% last month to make it the best February performance for 20 years, according to the Society of Motor Manufacturers and Traders. It reported sales of 84,886 units to complete 19 months of consecutive growth. The uptick was driven by fleets and businesses, which were up 25.2% and [...] -
EU sales bounce back in 2024
- 22/02/2024
- Posted by: Alan Feldberg
- Category: News
New car registrations returned to growth in Europe in January, bouncing back from a 3.3% reduction in December. According to the European Automobile Manufacturers' Association, sales were up 12.1% year-on-year, reaching 851,690 units for the month. All major markets recorded notable growth, with Germany up 19.1), [...] -
Data reveals drop in dealership leads
- 15/02/2024
- Posted by: Alan Feldberg
- Category: News
Automotive retailers in the UK experienced an overall two per cent drop in new car sales leads during 2023, although conversion rates increased from 25% to 30%. This is according to Dealerweb, which is part of CitNOW Group. In the used car market, Dealerweb’s analysis found a five per cent rise in enquiries [...] -
NFDA optimistic for used car growth
- 09/02/2024
- Posted by: Alan Feldberg
- Category: News
The National Franchised Dealers Association (NFDA) is predicting further growth for the used car market in 2024, after new figures revealed sales growth of 5.1% last year. Sales were up 6.9% in the last quarter alone, to 1,679,116 transactions. Across the year, used battery electric vehicles sale surged by [...] -
Used car sales to seven million mark
- 08/02/2024
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market grew by 5.1% to 7,242,692 transactions in 2023, according to the Society of Motor Manufacturers and Traders (SMMT). Four straight quarters of growth saw sales increase by 351,915 compared to 2022. Across the year, sales of used battery electric cars (BEV) almost doubled, rising 90.9% [...] -
EVs break the million mark
- 05/02/2024
- Posted by: Alan Feldberg
- Categories: Featured, News
The Society of Motor Manufacturers and Traders has announced that the one millionth electric car was sold in the UK in January. The new car market grew 8.2% last month, with 142,876 new cars registered. This represents an increase of 10,882 units compared to the same month last year. The 18th consecutive month [...] -
Grey fleet on the rise
- 24/01/2024
- Posted by: Alan Feldberg
- Category: News
Grey remained the colour of choice for car buyers for the sixth year in a row, according to the Society of Motor Manufacturers and Traders (SMMT). Boasting a market share of more than a quarter (26.8%), more than half a million (509,194) grey cars were registered in 2023. Black and white held second and third [...] -
Dealers predict EV decline
- 24/01/2024
- Posted by: Alan Feldberg
- Category: News
A new survey has revealed that just over a quarter of dealers expect EV sales to be better in 2024 than 2023. According to a survey carried out by the National Franchised Dealers Association (NFDA), only 27% of the 50 respondents predict that EV would be better this year, with four per cent saying they’d be [...] -
EU car sales stalling
- 22/01/2024
- Posted by: Alan Feldberg
- Category: News
The EU car market suffered its first contraction in 17 months in December, with EV sales flatlining. According to the ACEA, sales across the continent rose 13.9% in 2023, but were down 3.3% to 867,052 units in December. Meanwhile, the drop in EV sales was even more stark as it fell by 16.9% to 160,700 units. [...] -
Used car values set to stabilise
- 11/01/2024
- Posted by: Alan Feldberg
- Category: News
Average used car values at BCA ended last year at £6,918, down by £315 on November’s figure. The downturn in December continued a trend throughout the second half of 2023; since peaking in March, average used car values declined by over 22% with nearly half of this realignment taking place in the final quarter of [...]