Tag: SMMT

VRA Seminar sponsors’ blog

Power of using retail dynamic pricing in a wholesale market Accredited to Rupert Pontin, Director of Insights, Cazana What do we mean by retail dynamic pricing? Data-driven pricing is changing the way we sell, buy and value vehicles. Cazana’s award-winning realtime retail data and valuations look at the whole market to provide the most accurate

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Highest ever attendance for VRA meeting is “sign of current, increased interest in remarketing”

Almost 50 people attended last week’s Vehicle Remarketing Association member meeting in what the organisation described as a “sign of the current, increased interest in remarketing.” Held at the premises of GEFCO in Coventry, the event covered the latest developments in leasing company remarketing. VRA members together are involved in handling, selling, inspecting, transporting or

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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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More than 8 million used cars sold in 2016 – a new UK record

8.2 million used cars change hands in 2016 – a 7.3% uplift on the previous year. Q4 demand surpasses 1.8 million – up 5.5% and the biggest final quarter on record.1 Superminis still UK’s most popular body type, but SUVs enjoy biggest growth, with demand rising 16.9%. Growth registered across all fuel types, with alternatively

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Britain’s used car market motors to record levels in Q3 as 2.1 million vehicles change hands

More than 2.1 million used cars sold in Q3 – a record for the period July-September. Demand for alternatively fuelled vehicles climbs 34.1%, with sales of electric cars surging 94.1%. 6.3 million used cars change hands in the year-to-date – up 7.9% on the same period in 2015. Thursday 17 November 2016 Growth in the used car market

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car mechanics

Glass’s Comment on SMMT and Interest Rate

Rupert Pontin, Glass’s director of valuations, said: “Yesterday’s release of the new car registration figures for July from the SMMT is broadly in line with Glass’s expectations and it is good to see that the market appears to be holding its own for the moment in a general climate of consumer concern. However, it is

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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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‘Staying in the EU best for business and jobs’ insists SMMT

Staying in the European Union is best for its business and best for British jobs, says the Society of  Motor Manufacturers and Traders today, three days before the EU referendum. The SMMT, which represents the UK automotive industry, said it wants to ensure there is “absolute clarity on the sector’s position given recent misrepresentations in

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car mechanics

UK automotive manufacturing shows ‘no sign of slowing’

Demand for UK-built cars shows “no sign of slowing” as the UK automotive manufacturing sector experiences 13.1% year-on-year growth, according to SMMT chief executive Mike Hawes. British car manufacturing achieved another month of strong growth in February with output up 13.1% year-on-year and 10.6% year-to-date, with 284,507 vehicles built do far. Output for the domestic

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car mechanics

Average dealer profit rises 40% to £7,000 in October

In the 12 months to October the return on sales was 1.3%, well down on the 1.47% achieved in the 12 months to October 2014, according to dealer profitability specialist ASE. The fall is a result of a 7.5% fall in year to date profit being exacerbated by a 3.9% rise in turnover levels. October

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car mechanics

UK ‘certain’ to break new car sales record in 2015

The UK new car market looks set to break records in 2015, and possibly in 2016 according to experts. Following latest SMMT new car figures that saw registrations up 3.8% in November and 6.2% YtD, KPMG has outlined its predictions for the full year. John Leech, head of automotive, said: “Manufacturers are maintaining their levels

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car mechanics

SMMT dismisses ‘unfair subsidy’ charge and calls for more investment in vans

The SMMT has called for “continuity” from the new Conservative Government to help support a robust van sector. “The industry is doing well, business confidence is strong and customers are buying vehicles in increasing numbers,” said Mike Hawes, SMMT chief executive. “We would like to see greater investment in manufacturing based on the UK being

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