Chief executive Nathan Coe told the PA news agency that while increased trade friction could raise prices across the board, higher import levies could see more cars coming into the UK.
The Society of Motor Manufacturers and Traders (SMMT) said just 6.9 million vehicles changed hands in 2022, down from 7.5 million during the previous 12 months.
Figures released today by Car Dealer Magazine – and compiled by financial advisory specialists Interpath – in its ‘Top 100’ list found that Arnold Clark once again topped the list as the UK’s most profitable dealer, recording £398.1m in profit.
Grey has increased its dominance as the UK’s most popular new car colour as it is seen as “sleek” and has “wider resale appeal”, according to an industry body.
The Evans Halshaw and Stratstone owner said it expects around 400 redundancies as a result of closing its loss-making sites, with a further 1,400 job cuts coming as part of plans to make its operations “leaner and more sustainable”.
The UK Government should consider a car scrappage scheme to help protect the country’s industry, according to several leading car makers.
New car registrations in Britain hit their lowest point since the year after World War Two in April, figures from the Society of Motor Manufacturers and Traders (SMMT) reveal.
Vauxhall Motors has brought together employees across its Retailers, UK Manufacturing sites, Sales, Marketing and Aftersales, to send a personal message to its customers, that they remain there to support them during this challenging time.