Car sales in Wales crashed over 26% last month, the worst of any part in the UK. Just 2,363 new models were registered and that's even below the 3,230 recorded in the pandemic hit showrooms of last year and the total for the country was a little over 68,000. It was a very dismal August for the motor trade across the country, the lowest figures … [Read more...]
Used cars’ sales booming, says industry
The UK’s used car market grew 108.6% in the second quarter of 2021 according to the Society of Motor Manufacturers and Traders. Some 2,167,504 vehicles changed hands, up 6.6% on 2019 pre-pandemic levels, the best Q2 performance and almost the best quarter ever for the used car market. The increase tracks the country’s gradual emergence from lockdown, as … [Read more...]
Tesla top UK registrations as recovery continues
New car sales are recovering but more slowly than expected by car makers. The global shortage of micro-chips is affecting outputs from plants, said the Society of Motor Manufacturers and Traders. June’s UK registrations of 186,128 new cars is 16.4% below the last decade’s average for the month and the second quarter’s total is still 9,000 units short of … [Read more...]
Rising hesitancy over buying is the new norm
There is no doubt that new and used car sales are right at the forefront of the car retailer’s commercial strategy at the moment, said Rupert Pontin, Director of Insight at Cazana, the motor trade analysts. As another week of strong sales performance passed by and the retailers continued to make the most of the pent-up buyer demand, new car sales looked … [Read more...]
Vehicle numbers fall in UK – but vans increase
Vehicle numbers on UK roads fell to 40,350,714 in 2020, according to Motorparc figures from the Society of Motor Manufacturers and Traders, the first time the total number has fallen since the global financial crisis of 2009. As the pandemic stifled new vehicle uptake, the average age of cars on UK roads is now the highest on record at 8.4 years. Van … [Read more...]
Budget does little for car sales
The Budget is first aid for the motor industry but will not fix underlying long term ailments, according to the Society of Motor Manufacturers and Traders. “Today’s budget provides some encouragement to an automotive sector hit hard by the pandemic and additional trading costs but it falls short of the support needed to transform the industry and market to … [Read more...]
Newslines 19 February
Ford will sell only pure electric vehicles in Europe by 2030. In five years it will offer hybrid cars across its range as it transforms, two years after its vans, and it will use Volkswagen platforms but assemble models in Cologne. MG electric car owners can subscribe to a £6 monthly service plan if they do under 10,000 miles annually. Petrol models cost … [Read more...]
Lenders optimistic for 2021 despite sales slowdown
The Q1 2021 Industry Outlook Survey by the Finance & Leasing Association shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic and the UK's lowest January registrations for 50 … [Read more...]
Europe expect car sales to rise 10% this year
After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID is expected to persist into the first quarter of 2021, but the car market … [Read more...]
Newslines 18 September
The M4 is one of the best motorways to use if you have a pure electric car, according to analysis of charging points by CarGurus. It has 21 charging units spread over its 189-miles, and motorists only have to cover 17.2 miles between power-points, while worst is the M8 Scotland without any ev hook-ups over 60 miles. Europe's car registrations dropped in … [Read more...]
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