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Ingenia announces University partnership
- 31/10/2022
- Posted by: Alan Feldberg
- Category: News
Ingenia Recruitment has announced a new partnership with Sunderland University and senior managers at automotive dealers in the area to promote the industry to future graduates. Included in the initiative with the university Ingenia Recruitment is Anthony Rockingham, managing director of Croxdale Group, Richard [...] -
Polestar remains on sales target
- 24/10/2022
- Posted by: Alan Feldberg
- Category: News
Polestar has reported that it delivered approximately 9,215 vehicles in the third quarter of 2022, bringing the total year-to-date to approximately 30,400 cars for the first nine months of 2022, up 100% year-on-year. A recent ramp up in production following Covid-19 disruptions in China earlier in the year has [...] -
MG remains fastest growing brand
- 07/10/2022
- Posted by: Alan Feldberg
- Category: News
MG Motor UK has maintained its position as the fastest growing car brand in the UK, selling 38,312 cars in the first nine months of the year. New figures from the Society of Motor Manufacturers and Traders (SMMT) show MG’s market share has increased by 82% year on year, with September 2022 sales marking a 61% [...] -
Energy prices cooling EV demand
- 28/09/2022
- Posted by: Alan Feldberg
- Category: News
Surging energy prices is dampening demand for electric vehicles. An AA survey of 12,500 drivers showed 63% of respondents said the increase in home electric bills was contributing to their decision to stick with petrol or diesel cars, while 10% stated it was the main reason for not making the switch to [...] -
Cost-of-living cooling car ownership
- 21/09/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
A new survey of dealers has identified a growing trend among motorists now wishing to own their own vehicles. According to Startline’s Used Car Tracker, drivers choosing not to own their vehicles is a challenge for 42% of respondents compared to just 18% in August. Paul Burgess, CEO at Startline Motor Finance, [...] -
Car finance market suffers summer slowdown
- 09/09/2022
- Posted by: Alan Feldberg
- Category: News
Consumer car finance new business volumes fell by three per cent in July 2022 compared with the same month in 2021, according to the Finance & Leasing Association. However, the value of new business increased by five per cent over the same period. The consumer new car finance market reported a fall in new [...] -
Used car market records 29th month of growth
- 06/09/2022
- Posted by: Alan Feldberg
- Category: News
The latest data from the Auto Trader Retail Price Index suggests the used car market remains strong. It found that average used car prices continued to grow year-on-year in August, increasing 15.6% on a like for like basis, marking the 29th month of consecutive price growth. At a more granular level, prices [...] -
Used car market on the skids
- 10/08/2022
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market shrank by 18.8% during the second quarter of 2022, with 1,759,684 transactions taking place. The Society of Motor Manufacturers and Traders (SMMT) reported that 407,820 fewer vehicles changed hands compared with the same period last year. Declines were recorded in each month, with [...] -
Car registrations down again in July
- 04/08/2022
- Posted by: Alan Feldberg
- Category: News
UK new car registrations fell by nine per cent to reach 112,162 units in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The result marks the fifth month of consecutive decline, although the fall is the smallest recorded this year. Ongoing global supply chain [...] -
Škoda satisfied with sales ahead of relaunch
- 01/08/2022
- Posted by: Alan Feldberg
- Category: News
Škoda saw sales fall by 30% in the first half of 2022 compared to the same period last year, with 360,600 vehicles delivered worldwide. The operating profit of €676m is 30.6% below the previous year, while the return on sales remains strong at 6.6%. Škoda board member for finance and IT Christian Schenk, [...]