Three out of four drivers believe the high cost of public charging to be the most significant barrier to wider uptake of Electric Vehicles. That’s the conclusion of a report from EVA England, the EV driver membership body. The publishing of the EVA England report comes amidst concerns in the EV sector that a lack of consumer incentives risks derailing ...
Read More »Dealer and consumer survey sees used car confidence falls to six-month low
Used car buyer confidence is at its lowest level for six months with consumers expressing concern about the economy. The percentage of motorists who are positive about the idea of buying a used car has fallen from 59% in August to 48% now, shows February’s Startline Used Car Tracker. Those who feel neutral about changing their car have increased from ...
Read More »April sees rise in used car prices after months of decline
The average price of a used car increased in April for the first time this year, following a succession of monthly dips, according to the latest MOTORS Market View. Prices averaged £16,964, a month-on-month rise of 1% (or £146), but down 9% year-on-year from £18,564. Despite this downward movement, average prices are still up 8% versus pre-pandemic levels. The increase ...
Read More »January new car registrations rise 8.2% driven by fleet
January delivered an 8.2% increase in registrations to hit 142,876 new cars registered, an uplift of 10,882 units on January 2023. It was the best performance for the month since 2020 and the 18th consecutive month of growth, according tot eh Society of Motor Manufacturers & Traders. The increase was driven entirely by the fleet market, which rose by 29.9%, ...
Read More »Dealers under pressure to fill ‘empty forecourts’
Dealers are coming under increased pressure to try and find suitable stock for forecourts. That’s the view of director of insight with Cazana Rupert Pontin who said that the quality of vehicles on offer had deteriorated with limited supplies of vehicles. “The retailers are finding it increasingly difficult to find their choice of used cars to offer to the customer ...
Read More »Used car values take biggest hit since summer 2011
Used car values in November fell 2.9%, the biggest fall since summer 2011, according to Black Book Live, CAP’s real-time price trending tool. The average value reduction over the month was £300 per car. It means the December edition of CAP’s monthly Black Book will show the biggest single fall since June 2011. Across different vehicle sectors the average movements ...
Read More »Auto Trader claims industry beating stock turn rate
Auto Trader is claiming a market leading reduction in stock turn days with its i-Control forecourt management tool enabling some dealers to average 13 stock turns per year, compared to the industry average of 7.6. The company claimed its customers are selling cars in 28 days instead of 48 days for dealers who do not use the tool. It said ...
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