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Demand still strong for used cars
- 21/11/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
Latest data from Auto Trader has revealed that used car prices remained stable last month. Average prices actually rose £300 from September to £17,863. Prices have now been neutral or risen for five consecutive months while on a year-on-year and like-for-like basis they are up 5.1% higher than this time last [...] -
Buyer demand dips by a fifth in August
- 05/09/2022
- Posted by: Alan Feldberg
- Category: News
Demand for new and used vehicles declined in August against the same month last year, according to data from lead management experts at iTrackLEADS. Overall enquiries fell 21%, the second largest fall this year. While the number of leads responded to fell by 20%, dealers worked effectively to see only a 12% fall [...] -
Car buyers reacting to cost of living crisis
- 20/07/2022
- Posted by: Alan Feldberg
- Category: News
New research from What Car? has found that the cost of living crisis is causing car buyers to delay their purchases, reduce their budgets and consider different makes and models from what they initially intended. It’s in-market research of 1,232 buyers who said they were in the market for a car found 36.61% have [...] -
EV demand drives sales rise
- 07/03/2022
- Posted by: Alan Feldberg
- Category: News
UK new car registrations rose by 15% in February as 58,994 new cars joined Britain’s roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The rise of 7,682 units was in comparison with the same month in 2021, when the pandemic shut car showrooms across the [...] -
Buyer demand holds firm in February
- 04/03/2022
- Posted by: Alan Feldberg
- Category: News
Consumer demand continues to rise for new and used vehicles, according to the latest data from iTrackLEADS. It sampled data from 300 dealers across the country, which showed a nine per cent rise in the number of leads in February against the same month last year, while test drives increased by 128%. However, the [...] -
Car finance market rallies in 2021
- 15/02/2022
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up by two per cent in December compared with the same month in 2020. Throughout the year, new business volumes grew by nine per cent compared with 2020 to almost 2.1 million [...] -
Auto Trader predicts sales recovery
- 07/02/2022
- Posted by: Alan Feldberg
- Category: News
Auto Trader is expecting car sales in 2022 in the UK to exceed two million, up from 1.65 million last year. It expects new car volumes to rise again as production increases, making the supply and demand challenge less acute that it is now. Ian Plummer, commercial director, Auto Trader, said: “The vice-like [...] -
Aftermarket facing £1.3bn shortfall
- 03/02/2022
- Posted by: Alan Feldberg
- Category: News
The fall in new car volumes over the last three years is set to hit aftersales revenues significantly, according to new research. According to REALtime Communications, the net result is a forecast shortfall of £1.3bn in new car servicing revenue over the next four years. REALtime's insights and data director [...] -
Volvo reports strong sales growth
- 10/01/2022
- Posted by: Alan Feldberg
- Category: News
Volvo Car UK has reported growth in both new car sales volume and market share in 2021. In total, 48,260 new Volvo cars were registered in the UK, an increase of four per cent on 2020’s figure, outperforming the market as a whole, where volume grew by one per cent. As a result, the company’s market share rose [...] -
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 [...]