inflation
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Latest News 14 OctCar retail sector’s post-COVID management bonuses soared 70% in 2022
Car retail businesses drove record pay rises in 2022 with bonuses and incentives to management soaring by 70% to deliver average remuneration of £407,000, the latest BDO Salary Survey has revealed.
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Market Insight 16 AugCar retailers will have to tighten belts in winter of ‘stagflation’
Car retail businesses have been told to focus on gross profit and cutting expenditure as a period of ‘stagflation’ is ushered in by sustained inflation and rising unemployment.
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Used Cars 15 AugHolidays prioritised over car purchases ahead of UK's tough winter, says Cap HPI
Holidays in the sun are being prioritised above car purchases ahead of a tough winter which is expected to see the UK slide into recession amid ongoing inflation, Cap HPI's Derren Martin has suggested.
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Latest News 22 JunSpending squeeze intensifies on motorists as inflation hits 40-year high
UK inflation reached a 40-year high of 9.1% as the pricing pressures forcing car buyers to think twice about their next purchase continued to intensify.
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Market Insight 9 JunTough times to come for used car market as price increases soften
Auto Trader has urged car retailers not to “jump to rash conclusions about the health of the market” after car price rises eased in May with the prospect of tough times ahead for car buying consumers.
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Market Insight 23 MayOne-in-five car buyers delaying purchase due to cost of living crisis
One-in-five new and used car buyers are putting off their next purchase as they feel the pinch of the cost of living crisis, eBay Motors Group research suggests.
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Supplier News 16 MayAuto Trader becomes economic barometer for the Office for National Statistics
Auto Trader has struck-up a new partnership with the Office for National Statistics (ONS) which will see the used car marketplaces data become an official economic barometer for the authority.
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Market Insight 13 Apr
Car retail faces ‘perfect storm’ of headwinds as UK inflation hits 7%
The car retail sector is facing a “perfect storm” of economic and political headwinds as UK inflation hits 7% - threatening to dent consumer confidence.
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Opinion 21 MarPerrys MD Darren Ardron tells AM News Show it’s ‘back to reality’ in 2022
Perrys Motor Group managing director Darren Ardron told the AM News Show Podcast that it felt like the car retail sector was getting “back to reality” in 2022 – but highlighted reasons for optimism.
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Market Insight 18 MarInterest rate rise adds to pressures car retail overheads and consumer finances
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
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Market Insight 7 Jan‘Volatility’ to define 2022 car retail sector, says Cox Automotive
Cox Automotive has said that “volatility” is set to define the car retail sector in 2022 as stuttering car supplies combine with rising inflation and changes to OEM and consumer relationships.
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Latest News 16 Dec
Bank of England raises interest rate to 0.25% to tackle inflation
The Bank of England has raised interest rates for the first time in three years in a bid to tackle UK inflation.
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Market Insight 2 AugBank of England delivers interest rate rise to 0.75%
The Bank of England has announced a rise in interest rates from 0.5% to 0.75% following a unanimous decision by its Monetary Policy Committee.
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Finance 14 DecDealers rethinking lending panels as ‘prime’ finance customers dwindle
Car dealers have started rethinking their lending panels as economic pressures start to spark a reduction in the number of customers meeting “prime lender criteria”.
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Market Insight 12 Dec
Inflation rises to six-year high of 3.1% in November
Inflation rose to a six-year high of 3.1% in November as retailers struggled against a squeeze on shoppers finances in the run-up to Christmas.
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Latest News 24 NovCould UK car dealers escape the worst in 2018’s economy?
Automotive finance companies may be hit harder than car dealers by rising inflation & interest rates and falling consumer confidence
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Finance 18 Oct
Car finance threats highlighted as inflation reaches five-year high
Threats to car finance firms and demand for new and used cars have been highlighted once again after the Governor of the bank of England warned that inflation might peak at over 3% next month.
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Market Insight 17 Nov
UK inflation falls slightly in October
The Consumer Prices Index – which measures changes in prices – fell by 0.1% in the year to October 2015, according to the Office for National Statistics.
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