March sales drop to lowest level since 1998

By |2022-04-05T10:19:56+01:00April 5th, 2022|News|

Economic headwinds such as rising energy costs, fuel costs, inflation and a squeeze on household incomes could impact new vehicle demand. With grants for BEVs ongoing until at least next March, however, interest rates still low and electric cars benefiting from lower running costs, there are significant benefits for drivers who can order new vehicles now.

Car registrations up but remain below pre-pandemic levels

By |2022-03-04T15:05:49+00:00March 4th, 2022|News|

A rise of 7,682 units was in comparison with the same month in 2021, when the pandemic shut car showrooms across the UK. Despite this positive performance, registrations are down 25.9% on pre-pandemic levels, as vehicle supply remains constrained by semiconductor shortages, according to the latest figures from the SMMT.

Used car market grew in 2021 as consumer demand remained buoyant

By |2022-02-08T10:08:42+00:00February 8th, 2022|Dealer Insights, News|

Last year saw a strong Q2 with 2.1 million transactions, while the market declined moderately by 3.1% in Q4. Demand for battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEVs) rose significantly by 119.2% and 75.6% to 40,228 and 56,861 transactions respectively. Transactions of used petrol (+10.7%) and diesel (9.8%) grew to a total of 7,277,291 units, equating to 96.6% of all used car sales.

New car sales get a January boost from EV sales

By |2022-02-10T11:29:00+00:00February 4th, 2022|Dealer Insights, News|

Growth was driven by private buyers, as manufacturers sought to prioritise these customers given the supply constraints, with this segment of the market registering 62,300 new cars, up 64.1%, year on year – and just 5.6% off pre-pandemic levels. Large fleet registrations, meanwhile, remained broadly flat with last year at 50,817 units (down 0.4%)

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