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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Used car finance sales surge 24% in March

FLA figures released today show the consumer used car finance market reported new business volumes up by 24% in March

Fleet and business registrations 23% up year to date

Almost 80,000 new company cars were registered to fleet and business in April as market continued to show signs of recovery.

Clean air zones among biggest fleet challenges, according to Arval

Concerns on Clean Air Zones (CAZs) have been highlighted as 2 of the top 3 issues that car & van fleets will face before 2026.

Used car values see largest increase in 12 years

Cap hpi reports an overall increase of 2% at the 3-year point during April, equivalent to c.£275 per vehicle.

BCA reports values up 16% as showrooms open

BCA saw average sale values rise by £1,223 in the space of a week as car dealers welcomed back customers in-person, rising to £8,946.

Pendragon turnaround in Q1 with 10.8m underlying profit

Pendragon delivered a strong performance in the first quarter, demonstrating the benefits of our omni-channel offering.

Prices for used diesels reached record high during Q1 2021

Demand for used diesel cars drove prices to record heights during the first quarter of 2021, according to Autorola.

Carwow sees record number of sales in March

Carwow reports record levels of orders in March, achieving its highest performance ever during COVID-19 ‘Lockdown 3’.

Lookers sells 44k cars during lockdown to finish Q1 ahead of expectations

Despite challenges presented by third national lockdown Lookers has performed ahead of expectations in Q1

Aston Barclay implements strict COVID-19 rules for physical car auctions’ return

Aston Barclay is preparing to welcome car and van retailers back to its auction halls on 12th April.

Gov announces funding to boost EV battery and hydrogen development

UK Gov is helping to support research into battery technology, electric vehicle supply chain and hydrogen vehicles with 30m investment.

Cazoo to be listed on New York Stock Exchange with £5bn valuation

A press release published this March 29, describes Cazoo as “the UK’s leading online car retailer” after “growing by over 300% year-over-year”.

Pendragon warns of shortages

The short-term vehicle supply issues are due to both Covid-19 and the global chip shortage.

Fall in planned redundancies

20% fewer companies planned job cuts in February compared to January.

Motorpoint to delivery Birmingham Clean Air Zone Scrappage and Travel Scheme

The scheme will offer people working in Clean Air Zone the chance to scrap old car and receive Gov funding towards a new vehicle that meets the zone’s emission standards.

Retailers ‘face a reckoning’

Brands are going direct to customer, with fixed prices, while more reliable electric cars will make owners less reliant on dealers. 

Aston Barclay partners with AA and WMS Group

The partnership will provide its buyers with vehicle checks and a buyer guarantee before making their next stock purchase.

Peugeot moves ‘upmarket’ with new logo and corporate identity for its franchised car retail network

The French brand’s new image was unveiled by its new chief executive, Linda Jackson and it reflects Peugeot’s evolution as a brand.

Johnsons Cars renews three-year deal with BCA

Over the period of the deal, Johnsons will represent 21k vehicles that will be sold exclusively via BCA Online and the BCA Buyer app on a weekly basis.

Cazoo to go public with a valuation of well over 5bn

Cazoo is working with bankers at Credit Suisse, Goldman Sachs and Numis on options for accelerating its growth prospects.

Used car prices very strong despite lockdown

With average prices year on year 6.5% ahead this marks 41 weeks of consecutive growth

UK HGV reg fall by a third in 2020

New HGV registrations fall by 32.2% in 2020 according to SMMT

JLR to axe 2,000 jobs following the reveal of its ‘Reimagine’ EV strategy

Jaguar will need to make every possible efficiency to achieve its plan to transform into a purely EV brand by 2025.

Ford to go all electric by 2030

By mid 2026, 100% of Ford’s vehicle range in EU will be zero-e capable, all-electric or plug-in hybrid, and will be completely all-electric by 2030.

Peugeot launches fully-electric e-Rifter

Peugeot is one step closer to offering an electrified variant across entire model line up by 2023 with its new launch of e-Rifter.

Used car sales running at 60% of pre-lockdown levels

Used car sales in the UK fell by 40% year-on-year In January with forecourts shut for business.

PM to reveal plans for lockdown lift

Ministers are preparing a four-speed plan for restarting the economy based on latest virus data Downing Street will review next week.

Consumer new car purchases declined by 25% in 2020, FLA reports

FLA revealed decline in the consumer new car finance market outstripped the 10.3% decline in new car registrations reported by SMMT.

Charge point network not growing fast enough

Public electric vehicle charge points in the UK increased by 26% over the past 12 months, compared to a 186% rise in sales of EVs in 2020.

NFDA urges Gov to extend COVID-19 business support in 2021 Budget

NFDA calls gov to help car retailers recover from disruption caused by pandemic and to facilitate transition to zero-emission electric vehicles.

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