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The new car market in October saw a raft of companies showing double-digit growth, according to the latest figures from the Society of Motor Manufacturers & Traders. In a market that overall saw sales fall -6% for the month with a -12% decline in retail sales, BYD showed the biggest rise – from a low base – with a three-fold ...

Dealers have welcomed measures in last week’s Budget, suggesting they may positively impact the used car market, according to November’s Startline Used Car Tracker which surveyed 59 dealers. Startline research shows net positive for the freeze in fuel duty (+54%), higher living wage (+23%) and increased investment in public services (+23%). The least popular policies were higher employee National Insurance ...

The UK new car market fell for the second time this year, down by -6% in October to 144,288 new registrations. Declines were recorded across all buyer types, with fleets falling for the second time this year, down -1.7%, and the low-volume business market declining -12.8%. Private purchases continued their two-year decline, down -11.8%, according to the latest figures from ...

The robust demand tracked throughout H1 on Dealer Auction’s platform continued into Q3. Total estimated trade profit rose from £2.6 million to £3.5 million in the three-month period from July to September 2024. Kieran TeeBoon, Dealer Auction’s marketplace director, said: “Q3 saw positive trade-to-trade activity on the Dealer Auction platform – demand is strong, cars are selling quicker and we’re ...

Daryl Chadwick, sales executive at RRG Toyota Bury, celebrated over 31 years of service at RRG.  Chadwick has sold over 8,000 vehicles which makes him the top-performing sales executive within the Toyota network. Anthony Rubio, general manager at RRG Toyota Bury, said: “Working with Daryl has been an incredible experience for both our team and our customers. “His dedication and ...

Vertu Land Rover Bradford has been shortlisted for the Team of the Year category at the Telegraph & Argus Retail, Leisure & Hospitality Awards 2024. Located on Canal Road, the dealership underwent a £2.4 million refurbishment in 2020 and is ranked eighth in the UK for its service, with a customer satisfaction rating of over 99% and a 100% recommendation ...

Nearly 160,000 drivers in the UK are at risk of becoming a victim of mileage fraud this year, according to carVertical. The vehicle history checking company estimates that 2.1% of the 1.9m cars changing hands every quarter in the UK have been clocked in the last 12 months. Matas Buzelis, car expert at carVertical, said: “The age of a vehicle ...

The Independent Motor Dealers Association is celebrating its seventh anniversary tomorrow, Tuesday 5 November. The last 12 months has seen the IMDA membership grow by over 30% year on year with over 500 new members joining. The association now offers services from 60 partners and suppliers, including free legal advice, an employment and HR helpline and a Service Support Network. ...

The cost-of-living crisis is hammering aftersales business for dealers as customers put the brakes on spending. One-in-five drivers (20%) under the age of 44 have driven illegally by not putting their car through the MOT or replacing tyres when needed to save money in the cost-of-living crisis, new data from the RAC reveals. Among drivers of all ages, one-in-10 (10%) ...

Following the court ruling on motor finance commissions, industry experts expect more guidance from the FCA on managing ‘fiduciary duty’ where there is a liability to give best advice. Experts have also expressed a desire to have the fiduciary duty point overturned. Ian Plummer (commercial director at Auto Trader), Adrian Dally (director of Motor Finance and Strategy at the FLA), ...