Industry News

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

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.

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.

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

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

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

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

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

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

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

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.

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.

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

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

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

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.

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.

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.

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

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

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.

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

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.

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

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

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

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

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

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.

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.