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LCV values begin to wane
- 29/06/2022
- Posted by: Alan Feldberg
- Category: News
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 May, down by £488 (4.9%) compared to April. Year-on-year, values for May 2022 were still ahead by £142 (1.5%) compared to May 2021. Stuart [...] -
Demand dips for used vehicles
- 08/06/2022
- Posted by: Alan Feldberg
- Category: News
Demand for new and used vehicles fell in May as overall consumer enquiries declined by 23%. This is according to lead management experts at iTrackLEADS, which also found that dealers became more efficient compared to the same month last year as the number of lost sales fell by 40%. In addition, test drives fell [...] -
CV sales dive by a quarter
- 07/06/2022
- Posted by: Alan Feldberg
- Categories: Featured, News
UK light commercial vehicle (LCV) registrations recorded their fifth consecutive month of decline in May, falling 25.1% to 22,000 units. This is according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Although the fall is amplified in comparison with last year, which saw the [...] -
BCA announces major online upgrades
- 06/06/2022
- Posted by: Alan Feldberg
- Category: News
BCA has launched a suite of new digital tools to make it easier for customers to do business with them. Major digital upgrades have been announced to BCA Search, Partner Finance, MyBCA Selling and Online Proxy Bidding. The new and upgraded Vehicle Search delivers superior filtering, enhanced features and improved [...] -
UK car parc tops 40 million
- 31/05/2022
- Posted by: Alan Feldberg
- Category: News
The number of vehicles in the UK grew 0.4% to 40,506,971 in 2021, according to new data released by the Society of Motor Manufacturers and Traders (SMMT). However, despite the increase in the parc, major shortages of key components and supply chain disruptions across the globe caused new car registrations to remain [...] -
SsangYong expands dealer network
- 19/05/2022
- Posted by: Alan Feldberg
- Category: News
SsangYong Motors has announced that North City SsangYong has joined its nationwide dealer network. The five-car SsangYong showroom has modern facilities and has been looking for a new franchise after Mitsubishi suspended all new car sales to the UK and Europe in 2021. Kevin Griffin, managing director at [...] -
Bus and coach market responding strongly
- 17/05/2022
- Posted by: Alan Feldberg
- Category: News
The UK new bus and coach market grew by 45.2% in the first quarter of 2022, with registrations increasing to 974, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The year-on-year increase compares with the weakest start to a year on record in 2021, when orders collapsed as a [...] -
Used car prices levelling off
- 09/05/2022
- Posted by: Alan Feldberg
- Category: News
The average price of a used car increased by 32.2% year-on-year in April, according to data from the Auto Trader Retail Price Index. Although it marks the 25th month of consecutive price growth, it does suggest a slowing market, with the rate of growth increasing just a fraction on the 32% rate recorded in [...] -
Used car prices rise for 24th straight month
- 08/04/2022
- Posted by: Alan Feldberg
- Category: News
The average price of a used car increased 32% on a year-on-year (YoY) and like-for-like basis in March, marking the 24th month of consecutive price growth. According to Auto Trader, the average value of used cars increased nearly £4,400 in this period, with one in five ‘nearly new’ cars selling for more than [...] -
Car finance market reports healthy growth
- 08/04/2022
- Posted by: Alan Feldberg
- Category: News
Figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up in February by 24% compared with the same month in 2021. The corresponding value of new business grew by 39% over the same period. In the first two months of 2022, new business [...]