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EV sales tipped to top 300,000
- 06/01/2022
- Posted by: Alan Feldberg
- Category: News
At least 330,000 new battery electric vehicles (BEVs) will be registered in the UK in 2022. This is according to DriveElectric, one of the UK’s leading electric vehicle leasing companies. This figure is based on its own forecasts, and it represents a significant increase from 183,000 – the number of battery [...] -
Customer demand undimmed by Plan B
- 21/12/2021
- Posted by: Alan Feldberg
- Category: News
The automotive retail market has remained robust despite the government’s introduction of Plan B measures. This is according to data from Auto Trader. Despite speculation of the impact further restrictions may have on the market, Auto Trader research indicates that high levels of demand will continue, fuelled in [...] -
European car market slumps to 20-year low
- 21/12/2021
- Posted by: Alan Feldberg
- Category: News
Jato Dynamics has reported that the strength of the European new car market continued to deteriorate last month. In November, registrations posted the lowest level for November over the last three decades, with a total volume sold of 855,281 units across 25 European markets. Compared to November 2020, the total [...] -
UK homes holding on to second cars
- 14/12/2021
- Posted by: Alan Feldberg
- Category: News
New research by Volkswagen Financial Services UK (VWFS) has found that only one in 10 families have given up their second car since March 2020, despite additional finance pressures during lockdown and a sharp decline in miles travelled. The study shows that Brits are too attached to part with their extra cars, [...] -
Used car prices here to stay
- 09/12/2021
- Posted by: Alan Feldberg
- Category: News
The latest market tracker report published by Cox Automotive is predicting that used car prices may never return to pre-pandemic levels. The report found that the coronavirus pandemic has rapidly accelerated the online and digital marketplace and as a result demand for used vehicles has outstripped capacity and [...] -
Car market rallies in November
- 06/12/2021
- Posted by: Alan Feldberg
- Category: News
New car registrations grew 1.7% in November, bringing an end to four months of consecutive decline, with 115,706 units registered compared to the same period last year. This is according to new figures released from the Society of Motor Manufacturers and Traders (SMMT). However, this must be viewed in the [...] -
Used car market continues unprecedented growth
- 06/12/2021
- Posted by: Alan Feldberg
- Category: News
Results from the Auto Trader Retail Price Index suggest the recent record growth in average used car prices shows no sign of significant easing. In fact, with an average price of £17,366, November marked the 20th consecutive month of growth, with prices increasing a record 28.6% on a year-on-year and [...] -
Cazoo continues European expansion
- 03/12/2021
- Posted by: Alan Feldberg
- Category: News
Cazoo has now launched its service in both France and Germany. It now intends to grow its inventory to thousands of cars as it expands across Europe over the coming months as well as adding many new features to its EU proposition including buying cars directly from consumers, fully digital car financing and [...] -
LCV demand remains steady
- 30/11/2021
- Posted by: Alan Feldberg
- Category: News
BCA has reported that the LCV market remained stable for the fifth month in a row during October, with values averaging £9,861. That is £2,104 more than the same month last year, equivalent to a 27.1% uplift. In contrast, values have moved by just £259 or 2.6% across the past five months. Stuart Pearson, [...] -
Car buyers go Christmas shopping
- 24/11/2021
- Posted by: Alan Feldberg
- Category: News
Research has found that 46% of in-market car buyers expect to purchase a vehicle before the year is over. What Car? asked 1,596 in-market buyers whether they were likely to buy a car before the year is over, with 46% of new car buyers planning to purchase in the next month and 42% of drivers searching for a used [...]