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Used car market trends show robust demand in August 2024
The surge in retail prices, which averaged £16,316, underscores a strong consumer demand.
Bumper and Keyloop launch digital payment solutions for automotive dealers
The solution, which is currently available in the UK, will be launched in Germany, Spain, and the Netherlands over the coming months.
UK’s CV production jumps 71.7% while car output drops 14.4% in July
SMMT has attributed the surge in CV production to easing of supply chain issues and demand from overseas markets.
Carwow unveils new ‘Top Rated’ accreditation to showcase retailer excellence
The initiative will highlight achievements of retailers, who have been active on the Carwow platform for over six months.
Auto Trader reports 7% jump in new car demand as plate change nears
For the upcoming sales period in September, the average discount on new cars has marginally increased from 8.7% in July to 8.9%.
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Consumer car finance trends show decline in June 2024
The first half of 2024 experienced a 3% drop in new business by both value and volume compared to the previous year.
UK new car market up 2.5% in July while van registrations dip
The fleet sector was solely responsible for July’s growth, with a 13% rise in registrations, claiming a 62% market share.
French car industry EV transition raises job concerns for 200,000 workers
Regions like northern France are optimistic with the emergence of a “Battery Valley” and construction of battery “gigafactories”.
Evolution Warranties completes acquisition of TAG Warranties in UK
The acquisition is expected to leverage the combined expertise and resources of both entities to better serve their customers.
Auto Trader predicts 5% rise in UK used car sales in 2024
The growth is predicted despite supply dynamics shifts, challenging retailers to adapt to a changing vehicle parc and forecourt landscape.