The UK car market is set to undergo a radical change by 2028 according to the latest Cox Automotive new and used car market forecast.
Dale Wyatt believes the agency model is having a negative impact on the industry as OEMs push back on a UK rollout.
Fleets and dealers should trust the data and maintain a cool head during this period of volatile values says Cox Automotive
Catch up on the latest leasing broker news in the 14 November 2023 Broker News newsletter
Cox Automotive says latest figures suggest the UK market is swinging into push mode as OEMs bring discounts through the fleet sector
Better information on used EVs would boost confidence in the market says a report in the latest Cox Automotive AutoFocus
Cox Automotive forecasts steady improvement in UK used car market for 2023. It predicts slow recovery based on increasing consumer confidence.
Fears that the agency sales model may have had a detrimental impact on trading could be misplaced, argues Mike Allen