Cox Automotive anticipates a 3.6% increase in new car registrations for 2025, reaching 2,043,115 units. The projected figures fall significantly short of the 2001-2019 average.
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Cox Automotive says the Q4 new car market is likely to be an extremely challenging period, potentially surpassing the economic crash of 2008.
Large companies must adapt to the evolving automotive landscape by managing their vehicles in-house with a fleet manager says Lorna McAtear
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