NEW car supply is beginning to ease across certain brands and certain model lines, coinciding with a drop in consumer demand, according to Broker News sources.
As indicated by the new car registrations data for the last quarter of 2022, supply for a few brands and specific models has eased to the point where fleet and business channels have begun to increase.
Reports from retailers
Catch up on the latest leasing broker news in the 01 November 2022 Broker News newsletter
WHO would want a Fiesta? Apparently 4,200 people; but not Ford.
Nevertheless, October was a month that saw Ford recover its mojo – with no little help from the Fiesta – but Volkswagen, on the other hand, has now seen a fall of more than 25,000 units sold in the first 10 months of 2022 against 2021.
And not just Volkswagen. With the exception of Cupra, the wider Volkswagen Group car brands have been performing poorly in 2022 due to supply issues (well, that’s been the same for most OEMs).
Even accounting for Cupra’s 5,835 additional registrations, the group’s core brands
Cox Automotive says the outlook for 2023 registrations is 1.63m as headwinds continue to batter the automotive industry
Vehicle delivery times continue to be a lottery, with OEMs quoting a variety of timings, but EVs worst hit
Cox Automotive reports that a vehicle bounce back looks increasingly unlikely in 2023 as production volatility continues
The agency distribution model could be the start of major disruption in the leasing broker market as B2C channels change
A NEW report from Cox Automotive says the record LCV values of 2021 will fall away to a more familiar seasonal norm in 2022. It also said that it expected a large number of Euro 5 pandemic-worn vans to be hitting the auction halls. Matthew Davock (pictured above), director of commercial vehicles, Cox Automotive, said: “The well-publicised rollout of low emissions zones…