Tag: new car registrations

Guest Post: The Economics of a sudden, screeching stop: more work needed to prevent lasting damage to the economy

In a ‘normal’ recession the economy slows down gradually as confidence wanes. Not this time. So as to stop the spread of Coronavirus and prevent our healthcare system being overwhelmed, the government has enforced a lockdown. In so doing it has deliberately slammed the brakes on economic interactions so as to prevent physical interactions between

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Remarketing fundamentals for 2020 is subject of VRA’s first meeting of the year

Remarketing fundamentals for 2020 is the core theme of the Vehicle Remarketing Association’s first meeting of the year, taking place on January 29 at Bruntingthorpe in Leicestershire, hosted by C.Walton. Key presentations will include Martin Potter, Managing Director, at Aston Barclay on what the auction sector is expecting in 2020 – looking at the general used

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Key issues facing the remarketing sector in 2020 is subject of major, free seminar from VRA

The challenges facing the remarketing sector in 2020 is the subject of a major, free seminar that has been announced by the Vehicle Remarketing Association, which represents organisations involved in buying, selling and preparing 1.5 million used vehicles every year. “2020 Vision” will take a wide-ranging look at issues likely to affect the used car

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Major speakers on Brexit and current state of car market announced for VRA AGM

Two major speakers have been announced for the Annual General Meeting of the Vehicle Remarketing Agency, taking place at BCA Birmingham on 10th July. David Bailey is professor of business economics at the Birmingham Business School, University of Birmingham and a ‘UK in a Changing Europe’ senior fellow. He is also the author of the

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VRA adds its support to BVRLA’s new WLTP consultation campaign

The Vehicle Remarketing Association has added its support to the British Vehicle Rental and Leasing Association’s response to the current Government’s WLTP consultation. Sam Watkins, chair at the VRA, said that her organisation shared the BVRLA’s concern about how the potential, negative impact on the company car sector could have widespread repercussions. She explained: “The

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car mechanics

New vehicle registration comments from Glass’s, valuation and insight specialists

Here are Glass’s comments in response to the latest SMMT release on new vehicle registrations:- “The bumper new car registration figure of over half a million vehicles for March was not unexpected at all as manufacturers sought to move cars to the market ahead of the new VED changes, which also coincided with the new

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car mechanics

New car fleet sales growth continues as retail registrations decline

Fleet new car registrations have continued to grow, despite retail registrations declining for another month. Demand in June eased slightly, with an overall -0.8% fall in registrations, meeting expectations that market growth would stabilise following a record 2015. Fleet registrations continued the trend of recent months, driving the market with a 4.5% rise and helping

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car mechanics

Glass’s Comment on New Car Registrations

Rupert Pontin, director of valuations at Glass’s said: “The May new car registration results show a consistent market increase more in line with the level that Glass’s expect for the time of year. A 2.5% uplift suggests that we are experiencing a normal level of demand without the excessive pre-registration activity that we experienced earlier

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car mechanics

EU car sales surge 8.2% in Q1 to 3.8 million

Registrations of new cars in the EU posted strong growth in March, up 6% to 1.7 million units and marking the 31st consecutive month of growth. The performance in volume terms was close to March 2007 levels, just before the financial meltdown in 2009. Registrations were driven by a cocktail of strong sales incentives for

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car mechanics

Glass’s Comment on March New Car Registrations

Rupert Pontin, Head of Valuations, Glass’s “It is very interesting to see that new car registrations have seen another healthy increase of 5.3% on the same period last year bringing the YTD uplift to 5.1% against a Glass’s full year prediction of 3%. With anecdotal feedback from franchised dealers suggesting a double digit percentage of

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car mechanics

Glass’s Comment on February 2016 New Car Registrations

Steve Jackson, Chief Car Editor, Glass’s, said: “February SMMT registration statistics show private customers have been incentivised back in to the market with low interest rates, deposit incentives and a selection of new models on offer. The consumer is the market that the manufactures can currently influence the most to increase volume in the first

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car mechanics

Glass’s foreasts 3% rise in new car registrations in 2016

Glass’s is forecasting that new car sales in 2016 will increase by 3% over 2015. “Employment levels will continue to increase through 2016 and into future years, personal disposable income is also set to increase and the house price Index is gently increasing too. Combined with a steady currency rate against the Euro and the

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