The new car market turned in a strong performance in 2016 despite growing economic and political uncertainty created by Brexit and the vote to leave the European Union. New car registrations hit a record with 2.69 million vehicles sold. The market was driven by a powerful cocktail of low interest rates, cheap finance and strong PCP and PCH deals available ...
Read More »Market Report: Online Car Sales
For car buyers the online shopping journey is changing with the influx of challenger brands entering the traditional classified market and this year’s influx of OEMs offering new cars from their websites. Online marketing is now, arguably, the most important part of a dealer’s sales activities as this is their first point of interaction with prospective customers. For buyers this ...
Read More »New Car Registrations 2016: Market overview
Last year set a new record for car registrations with 2.69 million units sold in the UK. Retail sales were strong in the first half of the year driven by strong PCP business. PCH is also growing at a pace as buyers opt for car usage rather than ownership in bigger numbers. Overall, according to SMMT figures, market share for ...
Read More »Used Cars: Market Trends November 2016
The new car market is looking strong. Registrations in November rose 2.9% to 184,101 units and year to date are ahead 2.5% to a record 2,514,764 units. The market was fueled by fleet which saw an increase of 5.1% for the month while registrations to private buyers fell 1.2%. It would appear, so far at least, the political upheavals in ...
Read More »2016 Motor Trader Top 200 Franchised Dealers
Pendragon retained its position as the largest dealer group in the UK with annual turnover of £4.45bn, according to the 2016 Motor Trader Top 200 Franchised Dealers. It was closely followed by Sytner in the number two position with annual sales of £4.23bn. Lookers was in third place, bouncing Arnold Clark Automobiles into fourth position. Arnold Clark had held the ...
Read More »Motor Trader reveals Top 50 Independent Dealers
The latest Motor Trader Top 50 Independent Dealers survey tracks strong growth in the sales and profit performance of the UK’s top non-franchised car retailers. The combined turnover of the top 50 companies increased by 25% to £3.7bn. Motor Trader’s analysis of the sector is based on the year-end results of the top 50 retailers by turnover and shows the ...
Read More »Used Car Trends: July 2016
Each month Auto Trader looks at the fastest cars to sell on forecourts. Fast selling cars are good for dealers because they improve stock turn, which translates into increased turnover for the year and hopefully, with skill and experience, increased profitability. This month the two fastest selling cars were very specific editions of the Citroen C4 Picasso and the Seat ...
Read More »UK Dealer Property Market 2016
The UK commercial property market has seen a significant drop in confidence and investor demand following the Brexit vote. That was the conclusion of the Royal Institution of Chartered Surveyors commercial property market survey carried out after the Referendum on 23 June. It said both the investment and occupier sides of the market had been impacted and rent and capital ...
Read More »Motor Trader Top 60 Movers & Shakers revealed
This year’s expanded Motor Trader Top 60 Movers & Shakers sees 16 industry leaders join the rankings which feature 31 dealer group bosses and 18 carmaker CEOs. The Motor Trader Top 60 Movers & Shakers, sponsored by Motors, lists the car industry leaders who have made major contributions to the car retailing sector over the last 12 months. It has ...
Read More »2015 Motor Trader Top 200 Franchised Dealers
The 2015 Motor Trader Top 200 Franchised Dealers finds the franchised dealer sector in rude health with the top 12 groups each turning over in excess of £1bn for the first time in the survey’s history. The Motor Trader Top 200 is the biggest survey of its type and is used by dealer groups across the UK to benchmark their performances ...
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