Press release

New car registrations | May 2019

Ian Plummer offers his view on May's new car performance 

“One of the effects of Brexit on the economy has been a hit on the exchange rate. As sterling falls, car brands don’t see the UK as such a profitable let alone stable market. As such, the UK is running an ever greater risk of not getting its share of the most desirable cars coming off international production lines; too many of the most sought after vehicles will be going elsewhere in Europe. That situation could last as long as demand holds firm in the other key European markets; and today they’re generally looking positive," explains Ian Plummer, Commercial Director at Auto Trader.

 “Consumers too, are cautious because of Brexit and the added uncertainty around fuel type. We’re inundated with rhetoric as well as regulation which almost punishes drivers of certain diesels, with the introduction of ULEZ and paying more for parking, but there aren’t enough positive incentives to adopt newer technologies, leaving consumers confused and hesitant to invest in new cars. If we can’t encourage people to actively accelerate their choice of next car, and a cleaner car, we’ll neither be helping to improve the emissions output of the overall UK car fleet, nor helping to sustain the health of the UK car market.

 “In the current uncertain climate and with contracting margins, retailers and brands are struggling to hold prices and to incentivise sales; they simply don’t have enough money to encourage consumers who already aren’t confident leaving the industry in limbo. We need to take away the uncertainty, make sure that there is a positive case for change and give consumers more carrots than sticks.”

Now it's time for a Q&A with our CEO Nathan Coe. Follow this thread to see what he has to say 👇 https://t.co/QgHILsblTU
Now it's over to @MarcThornboroug who highlights the winners of the Auto Trader Retailer Awards 2021 are. Huge congratulations to all our well deserving winners and finalists. https://t.co/zJPZg8dSBQ
Just 15 minutes until today's webinar where we’ll be joined by our CEO, Nathan Coe, to discuss how we're unlocking more stock for retailers. Register now to join live or stay tuned right here for the highlights👉https://t.co/GLdvSSPMXe https://t.co/s6fnY90g1A
The @MINIUK Hatch once again took the Most Fun to Drive award at the Auto Trader New Car Awards 2021, having previously won the award in 2019. Owners commented on the “go-kart feel and acceleration” and the fact that Minis “don’t take themselves too seriously”. https://t.co/uYVCddWicy
The @MINIUK Hatch once again took the Most Fun to Drive award at the Auto Trader New Car Awards 2021, having previously won the award in 2019. Owners commented on the “go-kart feel and acceleration” and the fact that Minis “don’t take themselves too seriously”. https://t.co/uYVCddWicy
What makes our future vehicle valuations different from all the other options out there? Find out from @nchking who explains exactly how our future vehicle valuations are calculated and what distinguishes them from other options. https://t.co/GDVYuInfUq
In our next webinar, we’ll be joined by our CEO, Nathan Coe who will be sharing our plans to help retailers to source stock more effectively and how we’re planning to help consumers sell their old cars conveniently. Register now 👉 https://t.co/GLdvSSPMXe https://t.co/kymKwy3NdQ
This week saw the highest level of new electric car advert views on Auto Trader since the 2030 ban on the sale of new petrol & diesel vehicles was announced, with almost 14% of all new car advert views being for an electric car last Thursday. Will we see this trend continue? https://t.co/sczaVjTeoV
It’s all hands on deck for this week’s tip of the week where @AndrewKorpela shares some best practises to help you keep your forecourt full and ensure the stock on your forecourt is presented in the best possible way. https://t.co/6Lsf00QIRM
In our next webinar, our CEO Nathan Coe joins us to answer the question “Are Auto Trader Buying Cars?” Register now and join us live to find out what he has to say along with all our latest market updates and insights 👉https://t.co/METGnTcqB8 https://t.co/UT1hMfHtqo

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