FLA: car finance new business volumes up 33% in November
New business volumes in the UK consumer car finance market rose by 33% year-on-year in November, according to the latest statistics from the Finance & Leasing Association (FLA). In the…
Industry news
Average age of used cars hits record levels in Q4 2021, Autorola finds
The average age of used cars in the UK reached record levels in Q4 2021,…
Margin retention ‘key for retailers’ as supply chain problems continue
Retailers must focus on margin retention and profit, as supply chain shortages are unlikely to ease until later this year,…
Used demand leaving dealers short of stock, survey finds
Eight in 10 motor dealers have seen a surge in demand for used car stock in the last six months,…
SMMT: 2021 a ‘desperately disappointing’ year for UK new car market
Mike Hawes, chief executive of the SMMT, described 2021 as ‘desperately disappointing’ for the UK new car market, with registrations…
VRA considers 2022 remarketing outlook in first webinar of the year
The remarketing outlook for 2022 will be the focus of conversation at the first Vehicle Remarketing Association’s (VRA) of the…
What Car? publishes long list for Car of the Year Awards
What Car? has published the long list of models in contention for its Car of the Year Awards 2022, held in association with MotorEasy. Highlighting the growing demand for electric…
Car finance market falls 1% by value in November, FLA finds
The consumer car finance market reported a year-on-year fall in new business of 1% in value and 11% in volume in November, according to the latest Finance & Leasing Association…
Used car values may not return to pre-pandemic levels, Cox finds
Used car values may never return to pre-pandemic levels, on a count of the rapid acceleration of online and digital channels setting a new benchmark for vehicle values. This is…
Battery EV sales double year-on-year in November, SMMT finds
Battery electric vehicles (BEVs) saw their market share grow to 18.8% of total car sales in November, more than double that of November 2020, new data from the Society of…
Used EVs selling faster than petrol for first time, Auto Trader finds
Used electric vehicles (EVs) are currently selling faster than their petrol counterparts for the first time, according to the latest statistics from Auto Trader. On average, a used EV is…
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