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With less than a week to go until the end of March, new car registrations were down by 6%, according to Auto Retail Agenda sources. However, they also said that earlier in the month the figures were far worse and the market was recovering rapidly.
Rockar, which is pioneering new sales methods and trading from one of the UK’s busiest shopping malls, has achieved £1m turnover in its first five months.
Lloyds Banking Group is introducing a new car-loans service that it claims Is an industry first. The new product will allow banking customers to pre-arrange secured motor finance by completing an application online.
Inchcape, the global automotive distribution and retail company, saw its UK profits rise 3% in 2014 to £65.2 million, up from £63.3m in 2013. However, chief executive Andre Lacroix said: “Trading margin was down 20 basis points impacted by a higher mix of new car sales coupled with the continuing pricing pressure in new and used car segments.”
Six years after Infiniti entered the UK market, it’s just opened its 12th retail outlet. However, retail figures for the make remain at what can be kindly described as extremely modest: a market share of 0.02% in the UK and sales for 2013/14 just topping 1000 vehicles.