Exeter Chiefs’ Post

The UK’s new car market recorded its strongest year-on-year growth in 2023 since the COVID-19 pandemic, according to the country’s automotive trade group on Friday. #ICIS #car #automotive #pandemic #covid19 #BEV #SMMT

UK new car market records strongest growth in 2023 since pandemic! The UK’s new car market recorded its strongest year-on-year growth in 2023 since the COVID-19 pandemic, according to the country’s automotive trade group on Friday. #ICIS #car #automotive #pandemic #covid19 #BEV #SMMT https://bit.ly/4aKTSUL

The UK’s new car market recorded its strongest year-on-year growth in 2023 since the COVID-19 pandemic, according to the country’s automotive trade group on Friday. #ICIS #car #automotive #pandemic #covid19 #BEV #SMMT

After the most challenging automobile market most have ever seen, there are signs that parts of the market are returning to normal. However, normal may not be great for every segment of the market. #autofinance #autoindustry https://hubs.la/Q02zK73g0

Even with a 12.4% dip in September, the Australian new-car market is holding steady, hitting 900,000 vehicles sold so far in 2024 a touch ahead of last year’s pace. Plenty going on behind the scenes that’s driving this resilience! The below post I share some insights into what’s driving demand and where we might be heading next. #Automotive #Carsales #MarketUpdates

UK new car market records strongest growth in 2023 since pandemic The UK’s new car market recorded its strongest year-on-year growth in 2023 since the COVID-19 pandemic, according to the country’s automotive trade group on Friday. #ICIS #car #automotive #pandemic #covid19 #BEV #SMMT https://bit.ly/4aKTSUL

Important update from Ken Brown Motor Group. We regret to announce the closure of our Hyundai dealerships in Richmond and Letchworth due to prolonged uncertainty and challenges. Read the full story on our website to learn more about this decision's impact together with our future plans -

Exciting insights from Cox Automotive Inc. on the UK's used car market! 🚘   With forecasts projecting up to 7.7 million transactions by year-end, it's clear the sector is experiencing significant growth.    Despite this positive momentum, Philip Nothard emphasises the importance of cautious optimism, considering factors like new market dynamics and economic uncertainties.    Read more about the latest forecasts and industry insights here - https://lnkd.in/eHNTd8Ab   #UsedCarMarket #AutomotiveIndustry #AutomotiveInsights #ECWSearch #Automotive #MarketInsights

After the most challenging automobile market most have ever seen, there are signs that parts of the market are returning to normal. However, normal may not be great for every segment of the market. Some key data points to consider:   - New-car inventory days’ supplies are growing;  - EV inventories are rising;  - Manufacturer incentives are picking up with rebates, low interest rates, a return to 0% financing in some cases and lease incentives;   - Price stability and reductions are more common on nearly all but the most in-demand models;  - Used-car prices have dropped more than new-car prices, with normalized depreciation — as opposed to the shortage period when used-car prices rivaled new-car prices for similar models.

What's New to TheStreet... 🚗 Hyundai Motor Profit Surges 25% 🚗 Hyundai Motor's profit jumped 25%, driven by strong U.S. demand, despite a 0.2% dip in global wholesale car sales for the quarter. 📈✨ What do you think is fueling Hyundai's success? Share your thoughts below!💬👇🏻 👉🏻Follow New To The Street for more! #hyundai #autoindustry #automotivenews #businessnews #business #news #newtothestreet