October new car sales: Winners & Losers - motortrader.com
3 days ago — In a market that overall saw sales fall -6% for the month with a -12% decline in retail sales, BYD showed the biggest rise – from a low base – with a three-fold increase in sales to 780 units. Mercedes-Benz saw registrations rose 37.4% to 8,105 units while Dacia was up 33.2% to 2,454 and Volvo 28.3% to 5,761 units.
Motor Trader: Automotive News for Car Dealers & Manufacturers
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Robust demand for used cars recorded in Q3 - motortrader.com
3 days ago — The robust demand tracked throughout H1 on Dealer Auction’s platform continued into Q3. Total estimated trade profit rose from £2.6 million to £3.5 million in the three-month period from July to September 2024. Kieran TeeBoon, Dealer Auction’s marketplace director, said: “Q3 saw positive trade-to-trade activity on the Dealer Auction ...
Auto Trader launches AI and machine learning solutions
2 days ago — Auto Trader has launched Co-Driver, a suite of solutions powered by advanced AI and machine learning focused on ‘alleviating retailer pain points and driving retailing performance’. Retailers are benefitting from using AI and machine learning tools to make profitable sourcing and stocking decisions and utilise Market Health and Retail ...
Dealers welcome Budget implications for used market
3 days ago — Dealers have welcomed measures in last week’s Budget, suggesting they may positively impact the used car market, according to November’s Startline Used Car Tracker which surveyed 59 dealers. Startline research shows net positive for the freeze in fuel duty (+54%), higher living wage (+23%) and increased investment in public services (+23%).
Used Car News, Updates & Information from Motor Trader
Your first stop for News, Jobs and Reports for the motor industry. Kia EV6 is fastest selling electric vehicle on Auto Trader. The Kia EV6 and BMW i4 were the fastest selling electric vehicles on Auto Trader in October, both selling in 20 days. The MG ZS and Volkswagen e-Golf sold in 23 days while the MG5 took 25 days to shift.
Used car market set for strong finish to the year
Nov 1, 2024 — The used car market is set for a strong finish to 2024, according to Auto Trader. The average price of a used car last month was £16,408, down -7.4% YoY on a like-for-like basis but the lowest annual decline since December 2023. Richard Walker, Auto Trader’s Data & Insights Director, said: “It’s good to see retailers showing more ...
Consumer car finance new business volumes grew 4% in September
1 day ago — Home News Latest News. Consumer car finance new business volumes grew in September by 4% compared with the same month in 2023, according to the FLA. In the first nine months of 2024, volume of new business was 2% lower compared with the same period in 2023. Geraldine Kilkelly, director of research and chief economist at the FLA, said ...
Car News - Motor Trader
The Kia EV3 has been named overall Car of the Year for 2024 at the annual Electrifying.com Awards. The judges highlighted its design, claimed driving range of up to 375 miles on a single charge, and starting price from £32,995. Fleet customers get a 2% BIK (benefit-in-kind) rate for EVs in 2024/25 ...
latest news - Motor Trader
Motor Trader The award-winning and longest running UK magazine for car retailing professionals. Your first stop for News, Jobs and Reports for the motor industry. Automotive specialists Rhino Group have launched Oceros, an immersive marketing agency providing full-service, bespoke marketing services for retailer groups and OEMs.