Industry News

The new leasing powerhouse NewALD will drive strong growth across all client categories & lift annual fleet growth at least 6% post-integration.

1.65m new cars registered in 2021 – up just 1.0% on pandemic-ravaged 2020 and -28.7% below pre-Covid levels.

Used car experts at cap hpi and Glass’s predict used car values likely to remain high in 2022 with demand exceeding supply.

The wholesale used car market shows signs of stability after average values dipped to November £9,571 from a peak in Sept of £11,817.

Citygate Automotive has introduced Škoda car sales to Europe’s largest Volkswagen as part of the makeover in West London

This move will enable a streamlined customer journey, bring consistent & attractive financing activities to all Stellantis brand customers, franchised car dealers & distributors.

This is Keyloop’s 5th acquisition since March 2021, following those of RAPID RTC, enquiryMAX, MotorDocs and FISC 

Latest car data from Auto Trader show a 28% year-on-year increase on used car prices during week 6th- 12th December.

The grant has been reduced from 2,500 to 1,500 with the value of vehicles eligible also reduced from 35,000 to 32,000.

The comprehensive training programme will ensure that Aston Barclay sees an immediate strengthening of employees’ broader automotive knowledge.

From analysis of 67,000 company fleet vehicles, the findings consider average distance fleet vehicles are travelling compared to mileage range of EVs.

New light commercial vehicle sales in 2021 are now 22.8% up year-on-year at 325,976 units.

Almost 22,000 pure electric vehicles were registered in Nov, more than double registered in the same month last year.

Constellation Automotive Holdings has offered 400 pence a share for Marshall Motor Holdings, valuing the dealer group at £322.9 million.

DriveElectric partners with Sumitomo Corporation to expand and develop digital & energy products & services.

SMMT new car reg figures show decline in new car sales in 2021, leaving franchised dealers with a predicted service & repair shortfall of £300 million.

Following the highest ever single month of new BEV registrations in September – an extra 32,721 were sold.

ZEV mandate will help deliver on Gov’s 2030 commitment to end sale of new petrol & diesel cars, and 2035 commitment to be fully zero emissions capable.

Vertu Motors has highlighted further growth potential through an “increasingly visible acquisition pipeline”.

EV Index ranks 10 countries – accounting for 75% of the global light-vehicle market – based on supply, demand, and regulation.

Fleets switching to EVs in the next few years must carefully consider how they implement charging infrastructure.

Stellantis will expand its all-inclusive Free2Move Car On Demand monthly car subscription service to the UK. 

The global semiconductor shortage continued to affect the automotive sector as car production continues to fall.

Sytner reveals 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.

Indicata data shows car dealers’ stock levels are beginning to suffer after a period in which overall used car sales rose 24.9% on a COVID-impacted H1 2020 and 4.8% in 2019.

Cazoo has bought SMH Fleet Solutions in order to expand its UK reconditioning, logistics and storage capability.

A recent survey by National Association of Motor Auctions (NAMA) said half of respondents expect volumes of vehicles coming into auction to increase over the next month.

Transport minister Rachel Maclean pays tribute to fleet sector as driving force behind the UK’s move to decarbonisation.

Pendragon posts a pre-tax profit of £35.1 million for the first half of 2021, compared with a loss of £31m over the same period last year.

Used car inventory levels have fallen by 7.2% in the last month, according to a new report from CarGurus.