Changing consumer preferences is the main driver for the move with 37% of dealers saying buyers now want cars that are more economical to run, 29% cars that cost less
Affordability is the number one barrier to EV adoption and with the market share of battery electric vehicles not yet big enough to warrant a widespread price drop, drivers considering
Given the ongoing shortages of essential components, exacerbated by pandemic restrictions in China, global vehicle production has struggled to keep up with demand throughout 2022. New car registrations for the
Very low benefit in kind and the resultant lower tax deduction, has been a key factor in electric car adoption from the moment that it became available, but it has
Fleet Alliance said it is seeing huge uptake of its new salary sacrifice scheme. Since its launch at the start of this year, some 54 companies have taken advantage of the
Under the existing rules, no employee can enter into a salary sacrifice scheme for assets of any kind, be they cars, bikes, pensions or healthcare, if by doing so the
In a statement, the DfT pointed out that the plug-in grant for cars was always temporary and “have had little effect on rapidly accelerating sales, or on the continuously growing
The time to fix your roof is when the sun is shining, and for the past few months, this has certainly been the case for retailers, with high consumer demand
The market has actually been disrupted by COVID-19 as well as a rising cost of living and Cazoo has has seen its share price plummet 87% since it listed on
While it’s clear that ongoing supply issues of new and used vehicles continue to impact the nation’s dealers, it is good to see the number of lost sales is declining.
While private consumer purchases fell 10.3%, their market share increased year-on-year by 6.1 percentage points to 53.2%, in part due to manufacturers striving to fulfil deliveries – particularly of electric
Despite changing consumer trends and new technologies, there still remains a significant preference for UK customers to make that final or most significant step in the purchase process face-to-face, in
Despite the increase in the parc, major shortages of key components and supply chain disruptions across the globe caused new car registrations to remain broadly static at 1.65 million, with
Unsurprisingly, it is the premium brands that have seen a reduction in demand from budget-conscious motorists with two premium brands in the top ten most enquired about cars in Q1
Surprising that as many as three out of four fleets report that there has been no impact on their operations. This is, in our view, quite a high figure. The
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