Savings of more than £5,000 off the price of many brand new models are already on offer as car makers take action to combat an expected slowdown in sales. The discounts have even spread to some cars in premium brand ranges including Audi, Mercedes, Jaguar, Volvo and Lexus, which have had more than 15% cut from their price. Despite predictions that … [Read more...]
Finance News
Brits cool towards car buying in political climate
UK residents admit they are deterred by the current unstable political climate when it comes to making big purchases, as they opt to lease cars, rent houses, and subscribe to services instead of wanting to commit outright, new research reveals. Leading vehicle leasing company, Leasing Options has surveyed the nation's motorists to gain an insight into … [Read more...]
New car registrations hit 12-year high
The UK new car market achieved a 12-year high in January, said the Society of Motor Manufacturers and Traders. The total was 174,564 vehicles last month – a 2.9% year-on-year uplift and the highest level since 2005. The alternative fuelled vehicle segment grew 19.9% to take a record 4.2% market share – the first time 4% has been … [Read more...]
Dealers’ positive view of sales prospects this year
The majority of UK car dealerships are positive about their business prospects for 2017, with 65% expecting growth over the next year, say Close Brothers Motor Finance. Despite many industry figures predicting the sector will contract in 2017, the majority of dealers surveyed monthly by Close Brothers Motor Finance remain resolutely positive about the … [Read more...]
Shining a light on new golden oldies
Automotive data expert, cap hpi, has produced a shortlist of the new models that will show strong residual value performance. The company provides residual value forecasts for new vehicles up to five years in the future. Its Gold Book team looked at new models launching in 2017 and picked the ‘ones to watch’ for fleet and private buyers. Andrew … [Read more...]
Tradelines 18 January
About 56% of respondents to a recent LeasePlan survey agreed that financial jargon has left them feeling more confused than before they started the conversation. Nearly 40% said they had dropped the purchase or product as a result of not understanding the abbreviations. An Autoglass survey of 250 British fleet managers found worries about the cost of … [Read more...]
Car market is thermometer of UK economy
It has been a year of ups and downs for the economy. The first half of 2016 was dominated by uncertainty in the lead up to the EU Referendum, which caused many businesses to halt investing and hiring until the result of the vote was known. Once the result for Brexit was confirmed, this understandably shook the economy and caused several industries to … [Read more...]
‘Grey sales’ are bringing colour to UK market
New car registrations are booming but there are doubts over who is actually making sales. The SMMT said yesterday that 2,685,724 new cars were registered last year, a 2.3% increase on the year beforehand and fifth year of growth. But the registrations in Wales, the only part of the country to see a fall, dipped 1.4% to 91,940. That could be … [Read more...]
Isuzu pull in some seasonal offers
Isuzu has special offers on D-Max Yukon and Utah models. D-Max Yukon comes well equipped with 17” alloys, leather steering wheel with audio controls, cruise control and chrome trim to the grille and rear bumper. Utah takes this a step further, with boasts automatic climate control, leather upholstery, and heated front seats which come in handy on cold … [Read more...]
Analysts expect 2017 car sales to fall
The UK new car market will fall by around 3.5% next year to around 2.6 million cars, predicts Glass’s. However, while the figure looks disappointing in isolation, the vehicle data provider points out that this will still be higher than any year in the last decade except 2016. Rupert Pontin, director of valuations, said: “We have become used to the new … [Read more...]
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