Press release

New car registrations January 2019 | Auto Trader's response

Read Ian Plummer's response to January's new car registrations from the SMMT

Ian Plummer, Auto Trader Director:

“Despite the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) coming into force five months ago, there is every indication that many brands are still struggling to get the much-needed compliant stock to the frontline, placing real strain on retailers. However, we can see for some brands, such as Volvo and some of the Korean and Japanese marques, supply seems to be in good shape and has helped them to record a great start to the year.

 

“With the realities of Brexit edging ever closer, it’s even more important than usual for the industry to get a strong Q1 under their belt to futureproof against any eventuality. If the government fails to secure a deal with Brussels, consumers could be looking at a 10% increase in prices unless brands or retailers absorb tariff and exchange rate impacts in what are already wafer thin profit levels. That’s why in the run up to March’s plate change we’re likely to see some particularly attractive offers from brands hoping to entice consumers into showrooms before the UK’s official exit.   

 

“The outlook for the industry in 2019 remains relatively positive. Last year we saw some emerging trends that will provide some exciting opportunities for retailers and manufacturers in the months ahead, not least the growing consumer appetite for alternatively fuelled vehicles and Personal Contract Hire deals. We’re confident that both have the potential to drive meaningful growth this year by opening up a wider demographic of customers.”

Discover what we are doing to keep #consumers engaged with our platformin order to help #cardealers build their #salespipeline in our latest blog post from our COO Catherine Faiers - https://t.co/t4Sv4m9YjB #cornonavirus #consumerbehaviour https://t.co/7LTGzvyJSN
Join us for an Auto Trader Insights webinar where we will be discussing the current trends we are seeing across the #automotive market as we continue to navigate our way through the #coronavirus outbreak. https://t.co/AxxdZtR7i0 https://t.co/uzTeeCtzHm
On yesterday's customer webinar we highlighted that whilst consumers might not be able to visit dealerships, a variety of metrics indicate there's still consumer demand. If you missed the session, which included @ASE_Global's @mikejonesase, catch up here https://t.co/7qLr0Tz3hT https://t.co/LBGALeheWT
We brought forward the launch of our new #marketintelligence tool, AT Market Insight, to ensure #cardealers can keep up with the changing market conditions in these turbulent times. Discover how you can use this new tool now in our latest blog post. https://t.co/50K8rBG2Xi https://t.co/Cc3rZFAk8f
30 minutes left until today's webinar! Register now to hear the latest advice on what options #cardealers have during #coronavirus. Even if you cant make it we will send you the recording https://t.co/vr0dwQTD3J https://t.co/VuIea3MFoK
Have you signed up to our next weekly webinar? We'll be talking through what options #cardealers have amidst the #coronavirus. Tune in tomorrow at 10am and if you can't make it, sign up and we will send you the recording. https://t.co/vr0dwQTD3J https://t.co/omXRjB386q
Last week our #Data & #Insight Director, @therickw joined our webinar to talk retailers through key market observations he had made. Well, we’ve invited him back to share another update to see if the story has changed. https://t.co/KcGC6O2nom https://t.co/AcvcSqSpo1
Great to see people coming up with innovative ways of keeping busy during #lockdown... https://t.co/sv7G0osaLd
Start the week off right with @MarcThornboroug's latest tips on practical things retailers can be doing now to help build that #salespipeline whilst #workingremotely https://t.co/NKxMkK5qbv https://t.co/xpYaTQbWfo
In next week's webinar, we'll be asking our expert panel 'What options do retailers have amidst COVID-19?' Discussions will include furlough for employees & funding for self-employed retailers. Submit your questions when you register: https://t.co/fifT2NvFOB https://t.co/u6YMY1HQB4

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