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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 [...] -
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 [...] -
Grey remains car buyers’ top choice
- 19/01/2023
- Posted by: Alan Feldberg
- Category: News
Grey has remained the nation’s favourite new car colour for the fifth year in a row. More than a quarter (25.7%) of UK buyers chose the shade in 2022, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). It found that 415,199 grey cars were registered last year, up [...] -
Car sales tipped for 2023 recovery
- 18/01/2023
- Posted by: Alan Feldberg
- Category: News
New analysis is predicting that car sales in Europe could rebound slightly in 2023. According to Bloomberg Intelligence, car sales will suffer a third year of annual decline in 2022, but could recover in 2023 as supply constraints ease. Gillian Davis, industry analyst (Autos), said: “European car sales climbed [...] -
December sales rush unable to offset 2022 dip
- 06/01/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market recorded its fifth consecutive month of growth in December, with an 18.3% increase to reach 128,462 new registrations. However, the Society of Motor Manufacturers and Traders has reported that despite a strong second half to 2022 overall registrations for the year fell two per cent to 1.61 [...] -
Dealerships endure December dip
- 04/01/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that enquiries to car dealerships fell by more than 10% in December compared to the same month in 2021. According to data from iTrackLEADS, enquiries fell by 10.3% in December, while test drives declined by seven per cent and sales of new and used vehicles by 13%. Manufacturing delays and [...] -
Car finance market enjoys October uptick
- 15/12/2022
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the 10 months to October 2022, new business [...] -
EV demand dips amid rising bills
- 14/12/2022
- Posted by: Alan Feldberg
- Category: News
Demand for electric vehicles is waning amid rising living costs and surging energy prices. Data from Auto Trader found electric vehicles represented 27% of new car enquiries in June but has now dropped to just 19%. Its Road to 2030 Report also found that year-on-year demand for used EVs is in decline for the [...] -
Costs spiral for owners of older cars
- 11/11/2022
- Posted by: Alan Feldberg
- Category: News
More than half of motorists with older cars are holding on to them for longer because of the cost-of-living crisis. A Motorpoint survey of 2,000 UK drivers with cars that are more than 10 years old revealed that 57% said they will keep their cars for longer to ease financial pressures. However, the cost of [...]