Used car sales have slipped back, said analyst Cazana's Director of Insight, Rupert Pontin. The car market in June 2021 has so far proven to be extremely exciting, and last week was no exception as both new and used car sales had another week of varied activity levels. - Used Car Sales Down -17.5% Week on Week - Cazana Used Car Retail Price Index Dips by -2% - The Volume … [Read more...]
Difficulties setting values of newest and future cars
Sellers and buyers face a torrid time setting values on the latest hybrid and electric cars. Aside from the myriad of other issues that will affect both the production and adoption of BEVs and advanced hybrid technology, the industry needs to begin to understand what the future value of these cars will look like, and also the level of retail consumer interest. Without a realistic view of the … [Read more...]
Retail pricing becoming more volatile as shortages ease
Under normal circumstances, September would be a month of celebration and investigation for the industry as a whole with new car registrations taking priority over the used car business within retailers nationwide. However, 2020 has been a unique year so far and this time September has been a month fighting to sustain the recovery that started in June when the retailer doors opened for business … [Read more...]
Used prices volatility reflects fuel types and models
Used car prices are becoming more volatile and reflecting changes in fuel types and body styles as well as size, say Cazana director of instights, Rupert Pontin. The first week of August saw a marginal shift in the retail market with footfall at the retailers and online enquiries slightly down on the levels of recent weeks. Firstly, this is hardly surprising given it is the holiday season … [Read more...]
Slow pickup to England’s car sales after lockdown eases
The industry is now one week into the post lockdown trading period in England and the question that concerned retailers nationwide has now been answered and that was whether there really would be consumer demand for cars, says Rupert Pontin, Director of Insights at Cazana. Indications both anecdotal and factual reflect the fact that consumers have returned to the showrooms in significant numbers, … [Read more...]
Challenging times ahead for trade, says analyst
It has been a month of halves with two weeks of unexpected silence in the showrooms resulting in many staff being furloughed in the absence of customers. Service departments and smaller garages are working to keep key workers mobile and safe with their transportation needs and the insurance industry is still largely active. Dealers still have a shop window and many eyes browsing vehicles on … [Read more...]
2020 deserves to be balanced for business
With 2019 a fast receding memory, the automotive industry is looking forward to a more balanced year, said Rupert Pontin, Director of Insight with Cazana business intelligence. Despite a decline in new car registrations, many consider the 2.4% drop to have been a fairly good result given the backdrop of political, social and economic factors that challenged every sector of the industry and made … [Read more...]
Newslines 13 September
Volvo is first to offer plug-in hybrid versions of its entire model range with launch of new XC40 T5 Twin Engine. The front-wheel-drive hybrid system uses 180hp three-cylinder 1.5-litre petrol engine with 82hp electric motor to achieve combined output of 262hp – highest figure in the XC40 line-up. With the UK set to bake in an Indian summer heatwave this weekend, and motorists set to take … [Read more...]
Low prices mean higher margins
A growing trend in recent years means that a sizeable minority of dealers and traders will continue to buy stock well into December in order to “grab a bargain,” says Glass’s. The vehicle data provider says that dealers are even willing to buck recent trends and acquire stock that needs more work, because the margins attainable are so much higher than usual. Rupert Pontin, director of … [Read more...]