UK car production fell 30.1% in November, the ninth consecutive month of decline, according to the Society of Motor Manufacturers and Traders. Just 64,216 cars rolled off factory lines, 27,711 fewer than in November last year, due to a combination of factors, including strategic product decisions, weakness in key global markets, calendarisation and the … [Read more...]
Tradelines 22 November
The rate at which used car prices are dropping has taken the market by surprise, admits a motoring industry expert. Phil Nothard, insight director at Cox Automotive – the owners of Manheim Auctions – told the Car Dealer Podcast that significant price falls in the used car market have caused ‘waves across the sector’ and explained that the market had ‘slowed … [Read more...]
