Industry News

With so much change currently and predicted to effect the automotive industry over the next few years, access all you need to know about your business area to keep yourself abreast of the latest developments.

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Sep 22 2020

FCA identifies £3.7bn consumer savings from car insurance reform plans

FCA’s proposed legislation would prevent motor & home insurance renewals from being more expensive than those offered to customers taking out new policy.

Sep 18 2020

BCA launches new Saturday online programme

The sale will offer a choice of around 1,200 vehicles including both cars and light commercials at a variety of age, mileage, condition and price points.

Sep 18 2020

Number of older cars in UK grows despite new car buying incentives

Figures from the DVLA and the Department for Transport – collated by Retro Motor – has found there were 6.086m cars over 13 years on UK roads in 2019.

Sep 17 2020

FLA calls for tax changes to boost sales of ultra-low emission vehicles

FLA is urging Government to extend COVID-19 business lending & introduce tax incentives to boost the adoption of AFV’s.

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Sep 10 2020

Citroën launches online new car sales in the UK

Citroën followed launch of Virtual Showroom vehicle tour platform with offer of end-to-end online new car sales via new ‘Citroën Store’.

Sep 8 2020

Car dealers recovered half Q2 COVID-19 lockdown losses in July

The average UK car dealer made a profit of £52,000 in July showing strength of bounce back since re opening showrooms in June.

Sep 7 2020

Used cars sell faster in August as averages hit 57.8 days

Used cars sold faster in August than at any time since forecourts across UK reopened after nationwide COVID-19 lockdown.

Sep 4 2020

Waylands Automotive launches its new GForces e-commerce website

The Thames Valley based Volvo dealer has joined the growing number of car dealers that can now sell online.

Sep 1 2020

ADESA expands collaboration with Sixt Leasing

ADESA has tied up with Sixt Leasing SE on the introduction of digital auctions with an aggregated bidding process.

Sep 1 2020

SUVs fastest selling used cars on Auto Trader

SUV’s accounted for 90% of the fastest selling used cars in Auto Trader in August.

Aug 24 2020

Perrys agrees new three year deal with Manheim

The new contract cements their 20-year partnership up until the end of 2023 and will see over 8,000 cars each year offered through Manheim.

Aug 24 2020

Manchester developing CAZ vehicle finance scheme

A panel of financiers is being sought by TfGM to provide support to fleet operators of non-compliance vehicles ahead of the clean air zone introduction in spring 2022.

Aug 24 2020

Motorpoint ‘comfortably ahead’ of 2019 with post-lockdown car trading

Trading and operational performance has been encouraging with the team back to their bests across business.

Aug 17 2020

Cazoo kicks off hiring spree for high street stores

Cazoo is focusing on a high street stores where buyers pick up cars rather than having them delivered to their homes. 

Aug 17 2020

Franchise partners ready networks for ‘make or break’ September

The pressure is on for car retailers to make a success of September ahead an uncertain Q4.

Aug 14 2020

PSA Group to launch cross-brand Free2Move flexible rental solution

PSA Group will add a Free2Move Rent offering to its cross-brand mobility division to take advantage of growing demand from customers for flexible rental.

Aug 12 2020

Kia to become first UK OEM to use new RAPID RTC platform

Kia Motors (UK) Limited is working with RAPID RTC to become first OEM in the UK to go live with the new platform RAPID RTC Live Dealer.

Aug 10 2020

Used car values ‘stable’ despite 30% rise in auction volumes

Used car values at BCA’s auctions remained stable during July as a 30% increase in volumes sold at its UK sales were met by a strong appetite among retailers.

Aug 10 2020

VW introduces 0% APR finance on aftersales and accessories

Volkswagen UK introduces a 0% APR finance payment option on aftersales work and accessories across the majority of its retail network.

Aug 7 2020

FLA reports strong dealer used car finance business in June

The consumer used car market performed strongly in June with the number of cars up 2% and the value of finance offered up 9%.

Aug 7 2020

Vantage signs solus remarketing deal with Aston Barclay

Vantage will continue to channel part-exchanges from its 14 locations through Aston Barclay Wakefield’s two weekly dealer part exchange sales and fleet sale.

Aug 5 2020

New car registrations rise 11% in July following lockdown

UK new car registrations rose by 11.3% in July, the first month to show an increase in 2020.

Aug 4 2020

Used petrol and diesel values soar as demand outweighs supply

The average sticker price of a used car grew by 4.6% to £13,888 in July, marking the fourth consecutive month of price growth.

Aug 4 2020

Car buyers turn to local dealers after COVID-19 lockdown

The number of car buyers visiting dealerships that are less than five miles from their home has risen by 65% since the COVID-19.

Jul 30 2020

Dealers are optimistic of a long-term recovery for motor retail sector

Car dealers are optimistic about the future of the motor retail sector, with 71% of dealers feel confident in the longer-term recovery.

Jul 30 2020

Pendragon to make 1,800 staff redundant and close 15 dealerships

The 15 stores made an operating loss before tax of £2m in 2019 and a total of 400 redundancies will come from these stores.

Jul 29 2020

Used car prices stable in July but EV performance patchy

Used car values stabilised in July but some electric vehicles (EVs) and hybrids struggled held back by concerns over cost and fuel range.

Jul 27 2020

AFP : New fleet body’s board announced

The Association of Fleet Professionals (AFP) – the recently formed fleet trade body – has announced the make-up of its board and structure.

Jul 24 2020

Peugeot 2008 is Auto Trader’s fastest selling used car in July

Diesel examples of the 2008 with an automatic transmission were the most popular, taking an average of just 26 days to turn on UK forecourts.

Jul 24 2020

Perrys take £5m lockdown hit in first five months of trading in 2020

Perrys Group lost £5m in the first five months of trading as a result of the lock down and the temporary closure of showrooms due to the pandemic.

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