Newsletter
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Issue 32 - 10th August 2018
Welcome note from Sue Robinson
Dear Colleague The July new car and LCV registration figures were released this week. New car registrations were up by 1.2% in July, whilst LCV demand fell by -5.9%. More information is in the week’s news. You may have seen that the FCA published their evaluation report on their intervention in the GAP market. Included in this week’s news is a summary of their report. Finally, a reminder that the...
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10th August 2018
NEW CAR MARKET REMAINS STABLE IN JULY
The new car market is up 1.2% in July with 1.5m vehicles sold in the year to date. With the introduction of Worldwide Light Vehicles Test Procedure (WLTP) in September 2018, we expect a strong month...
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10th August 2018
LCV DEMAND FALLS -5.9% IN JULY
Light Commercial Vehicle (LCV) registrations up to 3.5 tonnes decreased -5.9% in July, reflecting uncertainty in the economy and concerns over slow progress in Brexit negotiations. All sectors in the...
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10th August 2018
NFDA RAISES CONCERNS AT LACK OF WLTP AWARENESS
It is concerning to see that a third of dealers remain unaware of the upcoming Worldwide Harmonised Light Vehicle Test Procedure (WLTP) which comes into effect on 1 September. The Manheim’s survey...
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The FCA have undertaken an evaluation of their intervention into the Guaranteed Asset Protection Insurance (GAP) Market, which took place from September 2015. The intervention followed the FCA’s...
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10th August 2018
DVLA SYTEM UPRADE - CRUCIAL INFORMATION FOR DEALERS
The DVLA have announced that after 3pm on Friday 17 August until before 6am on Monday 20 August morning dealers will not be able to register a vehicle as the DVLA systems will be down for upgrading...
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10th August 2018
MILS Case Study: Pre-termination negotiations
“I have an employee whose attitude and performance is poor. Rather than taking the employee through a capability procedure can I explore with the employee whether he/she would be open to mutually...
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10th August 2018
Stock acquisition is their #1 challenge say dealers
Dealers say that acquiring the right stock is the number one commercial challenge for their used car businesses. According to the latest dealer insight survey from Manheim, almost two in five (38%)...
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