UK’s Used Car Market Grew 11.5% in 2021
According to the latest figures published by the SMMT (Society of Motor Manufacturers), the UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021. This is 777,997 more…
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Pendragon seeks out “self-help opportunities”
Pendragon seeks out “self-help opportunities” to refocus its used Car Store car supermarket strategy. In H1 2019, it expected to be “significantly loss making”, according to results of an initial…
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British new car registrations decrease but demand for electric models surges
Figures from SMMT (the Society of Motor Manufacturers and Traders) show that the UK’s new car market declined 1.6% in January as 161,013 new cars were registered in the UK…
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According to Cap HPI, Used Car Values Fell 1.7% in December
According to Cap HPI, the average used car values decreased by 1.7% in December and was the weakest month for values sales since November 2017. Showing the strongest average performance,…
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Vehicle Health Check Oversight Costs Franchise Dealers £17m
According to data published by autoVHC, in the final months of 2018, the UK’s franchise dealerships missed out on more than £17m worth of service revenue. Results show that during…
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According to IMI, only 3% of UK Technicians are qualified to work on EVs
Analysis from the Institute of the Motor Industry shows that just 3% of all Vehicle Technicians are currently qualified to work safely on EVs. The majority of those who are…
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In 2019, dealers could see used sales surge
It has been predicted by Startline Motor Finance that in 2019, dealers may shift towards used cars due to an increase in economic uncertainty. Shown from its customer base, they…
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