Dealer shave been hit by a lack of availability in both the new and used car markets.
According to Philip Nothard, customer insight & strategy director for Cox Automotive UK, many dealers reporting strong demand ran out of cars.
“Demand for new cars in September started strong but ended-up behind last year’s performance in the same period in 2019, considering, both 2018 and 2019 had a severe impact from the introduction of new legislations (WLTP & RDE). Constraints on car production on manufacturers continued to hamper supply which subsequently hindered the delivery of new car customer orders. Reduced consumer confidence and pressures on the fleet sector also both remain a crucial influence on the new car market.”
The latest ‘Market Tracker for Cars’ produced by Cox Automotive UK revealed that dealers reported that demand for used cars remained robust throughout September, with many reporting good financial performances and margins for