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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 [...] -
Demand grows as prices tumble
- 08/01/2024
- Posted by: Alan Feldberg
- Category: News
Demand for used cars rose 11.7% in December while average values fell 5.6% to £17,064, according to Auto Trader’s Retail Price Index. Data revealed that one to three-year-old cars saw a huge 35% rise due to the 16.1% increase in demand far outpacing the 14.3% fall in supply, while the three to five-year-old [...] -
New car market finishes 2023 strongly
- 05/01/2024
- Posted by: Alan Feldberg
- Categories: Featured, News
The UK new car market grew for the 17th month in a row in December to make 2023 the best year since the pandemic. Sales were up 9.8% in December and 17.9% for the year to 1.903 million units, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Meanwhile, battery electric vehicle [...] -
Kia sets new UK sales record
- 05/01/2024
- Posted by: Alan Feldberg
- Category: News
Kia is celebrating a record-breaking year of sales in 2023, having sold 107,765 cars to UK customers. It finished 2023 as the sixth best-selling brand in the UK with 5.7% market share, and was also the third best-selling brand for electrified models with EVs making up 45% of the brand’s annual UK sales and seven [...] -
Bumper year expected for car sales
- 18/12/2023
- Posted by: Alan Feldberg
- Category: News
Auto Trader is predicting that the new car market will grow four per cent next year from an estimated 1.89 million in 2023, to circa 1.97 million. It expects the sale of EVs to also rise substantially, with the strict ZEV Mandate requiring 22% of all brand sales to be zero emission or face a fine of £15,000 for [...] -
Aston Barclay reveals Christmas charity schedule
- 11/12/2023
- Posted by: Alan Feldberg
- Category: News
Aston Barclay is hosting a series of events throughout December to raise funds for Motor Neurone Disease Association and automotive industry charity Ben. In partnership with Zenith, it will launch its Calendar Cars campaign where a different used car is revealed each weekday, to bid on and buy later the same [...]