Car buyers lose patience with lag times
Less than five per cent of new car buyers are willing to wait more than a year for a new vehicle. According to the latest research by What Car?, the […]
vehicle sales
Cars still seen as a status symbol
A new survey suggests that drivers still see their car as a status symbol – and this is not just restricted to older drivers. According to a survey of 2,000 […]
VWG reports robust growth
Volkswagen Group has published strong results for the first half of the year, with operating results before special items for the first six month totalling $13.2b, a 16.1% increase on […]
Bentley records record profits
Bentley has reported strong financial results for the first half of 2022, with operating profits of €398m. This is a 124% increase on the same period last year, while the […]
Used car values on the rise again
Used car values rose to £9,196 in June, according to data released by BCA, making it the first month-on-month rise in values recorded this year. Values improved by £745 across […]
Car buyers reacting to cost of living crisis
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 […]
Symonds secures top CarGurus job
CarGurus has appointed Amanda Symonds as its new managing director for its UK business. Symonds joins the used car buying platform with over a decade of online marketplace business experience, […]
Demand still strong for used cars
The average price of a used car increased 23.7% on a year-on-year (YoY) and like-for-like basis in June, according to the Auto Trader Retail Price Index. Although it’s the 27th month […]
Car registrations hit the skids in June
Figures from the Society of Motor Manufacturers and Traders (SMMT) found that UK new car registrations fell 24.3% in June to just 140,958 units. That makes it the weakest June […]
LCV registrations still on the slide
The UK new light commercial vehicle (LCV) market declined for the sixth consecutive month in June, falling 23% to 26,443 units. That continues the trend throughout 2022, with LCV registrations down […]
Used car values tapering off
Used car values averaged £8,451 at BCA in May, a fall of 1.5% on the previous month but still 0.5% higher than May 2021. Data from BCA Valuations shows that […]
LCV values begin to wane
Average LCV values in May 2022 fell below £10,000 for the first time since December 2021 as demand shifted in the used market. LCV values averaged £9,517 at BCA in […]