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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 [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...] -
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%. [...] -
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 [...] -
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 [...] -
EVs drive new car market growth
- 07/02/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew for the sixth month in a row in January, with 131,994 units representing the best start to the year since Covid-19 struck. According to the Society of Motor Manufacturers and Traders (SMMT), the surge was driven by electrified vehicles with one in five new vehicles registered including a [...] -
Sales dip despite steady stream of enquiries
- 02/02/2023
- Posted by: Alan Feldberg
- Category: News
Enquiries for new and used cars remained high in January, with no change from the same month last year. However, overall sales of new and used cars dropped 13%, according to data experts at iTrackLEADS. The study sampled data from 300 dealers nationwide and showed test drives only declined five per cent, but [...]