Tag Archives: new cars

The consumer new car finance market reported new business by value in June 6% lower than in the same month in 2023, while new business volumes fell by 12%. In the first half of 2024, new business volumes in this market were 7% lower than in the same period in 2023. The consumer used car finance market reported a fall ...

Nearly one in five UK drivers (18%) are “back in the market” for a new car as personal finance pressures ease amid an improving economic landscape. That’s the key finding of research from AA Cars which said consumers were buoyed by inflation finally holding steady at the Bank of England’s 2% target. Of those who had previously shied away from ...

Negotiating the price of a car is the biggest customer ‘pain point’ according to the latest Digital Touchpoints Survey of 3,000 in market customers from Motors. Price negotiations topped the list with 43% saying they found the process difficult. Making sense of pricing was also a concern for 25% and understanding and arranging finance for 23%. Other factors cited included ...

The consumer new car finance market reported a fall in new business of 2% by value and 4% by volume in July compared with the same month in 2022. In the seven months to July 2023, new business volumes in this market remained 6% lower than in the same period in 2022, according to figures from the Finance & Leasing ...

The cost-of-living crisis and stock availability are the biggest challenges for the majority of UK dealers. Seven in 10 car dealers chose cost of living as their biggest bugbear followed closely  by stock shortages chosen by 54%. These are the key findings of the latest Forecourt Foresight research from Close Brothers Motor Finance. Over the past few years manufacturing levels ...

Six in ten (60%) motorists plan to buy or lease a car within the next twelve months. That’s the key finding of the latest ‘The Road Ahead’ research from Close Brothers Motor Finance. A quarter (24%) of UK adults say they’ll buy or lease a used/second-hand vehicle in the next 12 months. When it comes to fuel type, petrol cars ...

Sales of new and used cars fell 13% in January despite dealers experiencing strong levels of enquiries. That’s the key finding from iTrackLEADS which sampled data from 300 dealers nationwide which showed test drives declined five per cent while vehicle handovers fell 30%. Adrian Favill, director of iTrackLEADS, said: “January presents some conflicting signals. While the number of enquiries and ...

Nearly half of motorists planning to buy a car in the next year would be prepared to pay more to skip waiting lists. That’s the key finding of a survey from Close Brothers Motor Finance which said customers willpay more to avoid queues caused by the shortage semiconductors, the war in Ukraine and the closure of plants in China. In ...

January was a roller-coaster month for dealer new car sales hit by semi-conductor shortages although comparisons with January last year are skewed as showrooms were shut for business in early 2021. There were notable gains from Fiat, up 222%, Cupra (+207%) Subaru (+197%), DS (+188%) Mazda (+175%), Honda (+162%), MG (+159%), Dacia (122%) and Suzuki (+111%). In an overall market ...

Sales of electric vehicles was the highlight in 2021 in an overall flat market. New car registrations rose 1% compared to 2020, which was hit hard by the pandemic, as 1.65 million new cars entered the UK market, according to the Society of Motor Manufacturers and Traders (SMMT). The figures reflect the ongoing impact of Covid and the semiconductor shortage ...