New regs up in May. Used EV stock reach new high. Top OEMs for loyalty revealed. “Covid cars” present spec challenges. And the return of Cadillac!
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New car regs up in May. Used EV stock levels reach new high in May. Top OEMs for loyalty revealed. “Covid cars” present spec challenges. And the return of Cadillac!
Motor Trade Radio: 8 June 2024, E35, S10
If you enjoyed this week’s Motor Trade Radio podcast, powered by MOTORS, and want to dig deeper into our featured headlines, then here are the links to all the stories.
EXCLUSIVE POD INTERVIEW: ROBERT FORRESTER
Hear our full interview with Vertu Motors CEO discussing the group’s latest full-year results, new and used car market trends, the ZEV Mandate, acquisitions and more at https://motortraderadiocom.libsyn.com/motor-trade-radio-e34-s10-pod-exclusive-vertu-ceo-robert-forrester-in-conversation-with-philip-curtis
HEADLINES
CAR DEALER
Fleets drive growth as new car market enjoys best May since 2021
The new car market saw its 22nd month of growth in a row in May with registrations rising by 1.7% to reach 147,678 units, according to figures released by the SMMT this morning.?It was the best May market performance since 2021, when sales hit 156,737, although the trade body said it was still nearly a fifth down (19.6%) on 2019’s figure of 183,724.
CAR DEALER
Used car dealers stocked record levels of electric vehicles in May – Motors
Used car dealers stocked record levels of EVs last month as car supermarkets spearheaded a change in the tide. That is according to fresh data from digital marketplace, Motors, which has been investigating used car trends throughout May. The firm found that in the fifth month of the year, dealers stocked their highest ever proportion of used EVs.
MOTOR TRADER
Motor Trader Top 200 Dealer Groups reveals a sector in flux
The Motor Trader Top 200 Franchised Dealer Groups in 2024 shows a sector in flux with huge interest in dealer groups from foreign investors, ongoing consolidation and a market building momentum after contraction in the pandemic.
领英推荐
Sytner tops the report once again with annual turnover of ￡6.8bn and pre-tax profits of ￡178.9m.
AM ONLINE
Volvo tops JudgeService brand loyalty rankings
Volvo has topped the rankings for brand loyalty in the UK,?according to new consumer research by JudgeService. The first JudgeService Car Brand Tracker polled the views of 1,244 owners to measure their perceptions and awareness of all car manufacturers active in the UK.
FLEET NEWS
Valuation issues for ‘covid cars’ impacted by supply chain disruption
https://www.fleetnews.co.uk/news/valuation-issues-for-covid-cars-impacted-by-supply-chain-disruption
Cars made during the pandemic, with unusual specifications due to supply chain disruption, are proving difficult to value, according to the Vehicle Remarketing Association (VRA).
AM ONLINE
Cadillac to start UK new car sales again
American premium brand?Cadillac is planning to launch two electric cars in the UK before the end of 2024. It will be 20 years since Cadillac last entered the UK in an ill-fated attempt to interest UK premium brand customers?in V6-engined American cars?and then abandoned it some six years later.
[M]ENABLE MOMENT
Get in touch with Stephen Whitton to see how he can help you with the mental wealth of your business at the web: https://menable.org/?email: [email protected]?and on LinkedIn.
We hope you enjoyed this week’s roundup of the big car retailing stories. Catch #AllTheChatterThatMatters?on Saturday mornings on the Motor Trade Radio podcast, powered by MOTORS.
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