Tag Archives: 2015

Used Car Sales Figures UK 2015

BCA Used Car Market Report reveals an evolving landscape of the UK car market, as used car sales figures exceed £45 billion.

Where as new car sales are quite easy to track month-on-month, we have usually wait a little while for the used car sales figures to take shape upon the graphs – and it appears to have been worth the wait as we look at 2014!

According to the 25th edition of the Used Car Market Report, published by BCA late last year in association with the Centre for Automotive Management, University of Buckingham, the value of used car sales in 2014 reached £45.1 billion – a year on year increase of 5.6%.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

The overall value of the UK new and used car markets jumped to £88.5 billion in 2014 – up from £79.4 billion in 2013, with used vehicles accounting for 51% of the total market value.

Over 7.2 million used cars were sold in 2014 as the market maintained a strong performance in the post recessionary period.

This 7.2 million used car sales alongside the 2.5 million new car sales reported by the SMMT resulted in a ratio of 2.9 used cars sold, to every 1 new car.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

Delving into the used car sales figures stats, the report shows how the trend of used cars is starting to change. Average vehicle age rose to 7.8 years in 2014, meaning the average car is now one year older than it was a decade earlier. I don’t know about you, but it’s not uncommon now to see cars of around 10 years old still looking very new and modern given the anti-corrosion technologies and increased durability of vehicles. It’s quite rare to see rusted wheels arches like you used to get in the 80’s and 90’s!

Hatchbacks remained the most popular model among used car buyers, showing an increase of 7% year-on-year to a total used car market share of 51%.

Price at 41% remains the single biggest influence when choosing a particular used car, followed by mileage at 32%, and the make and model of the vehicle at 31%.  

However, the importance of make and model rises the more is spent on the car, with 58% of motorists who spent £10,000 or more saying it was important. In contrast, just 15% of buyers spending less than a £1,000 were concerned about the make/model of the car they brought.

Consumer factors when choosing a used car in 2014-2015.

Centre for Automotive Management, University of Buckingham Used Car Market Report 2015
Centre for Automotive Management, University of Buckingham Used Car Market Report 2015

“The 25th edition of the BCA Used Car Market Report provides valuable perspective on this important part of the UK automotive industry”, explained Spencer Lock, Group Managing Director, BCA.

“Used car market values rose to record levels, as did the combined value of new and used cars sold. A record-breaking £88.5 billion was spent on used and new cars last year.  The combined market churn of 9.7 million cars was one of the highest figures on record – only 2003 recorded a higher volume in recent years.”

“The shape of the used car market is likely to change as the new cars sold in the last 3 or more years start to feed into the sector in greater volumes.“


Thank you for reading this WAS Blog post on used car sales figures for 2014 – 2015. Are you a used car dealer looking for an alternative to your 3rd party warranty? Visit our website for details on our self-funded warranty!

New Car Registrations Hit September Record

September in the UK motor trade has seen record sales, reinforced by the new 65-Plate registrations. We break down the stats to give you a clear picture of the positive growth!

In a nutshell, 462,517 new cars were registered last month. A strong rise of 8.6% and the highest September on record. Traditionally September is always one of the bigger months in the year due to the “new plate” releases, however this growth was across the board of vehicle types, with demand increases for all fuel types, and from private, fleet and business buyers. September 2015 has marked the 43rd consecutive month of growth!

The SMMT report that the year-to-date total registrations have passed the two million mark in September for the first time since 2004.

The total number of cars registered in 2015 so far is 2,096,886 – 7.1% higher than at the same point last year.

The SMMT report “Gains were made across all market sectors – private, fleet and business – while petrol, diesel and alternatively-fuelled vehicles all saw increased demand. In line with typical performance so far this year, registrations of diesel and petrol cars in September grew 4.1% and 12.3% respectively, and alternatively-fuelled vehicles (AFVs) recorded another strong month with volumes up 21.7%. This puts total year-to-date growth at 3.1% for diesel, 9.5% for petrol and 48.7% for AFVs.”

Mike Hawes, SMMT Chief Executive, said, “September is traditionally one of the year’s biggest months for new car registrations, and last month set an autumn record. With plenty of attractive, affordable deals available on the new 65-plate, Britain’s car buyers – whether private, fleet or business consumers – were busier than ever. The market reached pre-recession levels some time ago, and we anticipate some levelling off in the coming months.”


Thank you for reading this post on September UK Vehicle Sales Figures on the WAS Blog!

 

F1 – The 2015 Formula 1 Season So Far

Formula 1. The pinnacle of motor racing, and the showcase of the best drivers in the world, racing the best cars in the world. We decided to lightly delve into the world of F1 and begin delivering round by round reports of the action!

Some of us here in the office often talk about the racing events of the weekend, including the “goings on” in the world of F1! So we thought we’d start doing a little “round by round” summary of all the action, and maybe expand into the other racing spectacles in the near future including MotoGP, and the Isle Of Man TT which is presently underway as I type this!

 

  • F1 2015: Round 1 – Australia

Mercedes dominated the season opener by locking out the front row of the grid during qualifying, Lewis Hamilton took Pole position with Nico Rosberg over half a second down on his team mate in 2nd, and that’s pretty much how it stayed for the race.

Hamilton led all but one lap, which was when he completed his mandatory pit stop. The race finished with Hamilton in 1st place, and Rosberg in 2nd. Vettel, Massa, Nasr were 3rd, 4th, 5th respectively, and Riccardo passed the chequered flag a lap down in 6th place.

F1 Lewis Hamilton
Lewis Hamilton, Mercedes

 

  • F1 2015: Round 2 – Malaysia

Tyres played a big part in round 2. In qualifying the top 2 places were held by Hamilton and Vettel respectively, however this would be reversed by the end of the race. Mercedes opted to use the harder, but ultimately slower of the 2 tyre compounds available for most of the race, only swapping to the softer compound for a short stint, Ferrari on the other hand opted to use the soft compound for the majority of the race which ultimately ensured that Vettel won comfortably from Hamilton in second, Rosberg, Raikkonen, Bottas and Massa rounded out the top 6.

 

  • F1 2015: Round 3 – China

Following an impressive performance in the previous round it was expected that Ferrari would bring to fight to Mercedes again in China, sadly the challenge did not materialise, as the practise sessions went by it transpired that Mercedes were getting on top of the tyre degradation issues that had dogged them in Malaysia.

Qualifying was a fairly predictable affair with Hamilton taking pole position from Rosberg, Vettel was 3rd almost a second slower than Hamilton.

Sadly the race was also a fairly predictable affair with Hamilton winning comfortably from Rosberg, the final gap was down to less than a second however Hamilton was easily in control, keeping Rosberg at arms length all race, only increasing his pace when necessary, Vettel came home in 3rd, Raikkonen, Massa and Bottas rounded out the top 6 once again.

 

  • F1 2015: Round 4 – Bahrain

Round 4 would once again see Hamilton in control, he took pole ahead of Vettel and Rosberg respectively during qualifying.

Sunday’s action was “as you were”. Hamilton took control winning the race comfortably. Raikkonen took second place after Rosberg ran wide after suffering a brake issue on the penultimate lap, Bottas, Vettel and Ricciardo rounded out the top 6.

 

  • F1 2015: Round 5 – Spain

Round 5 would see a slight change in qualifying with Rosberg taking the pole on this occasion from Hamilton,  sadly as is the case with F1 in the modern era the race would pan out in a predictable fashion, Rosberg taking the chequered flag from Hamilton, Vettel, Bottas, Raikkonen and Massa respectively.

 

  • F1 2015: Round 6 – Monaco

Mercedes locked out the front row of the grid in qualifying under the glamorous sunshine of Monaco. Hamilton taking pole from

Rosberg by a reasonable margin, the race however would prove to be somewhat controversial when after being in control for much of the race, Mercedes decided to pit Hamilton after a late safety car. This ensured that instead of Hamilton taking an almost certain win it was gifted to Rosberg, with Vettel picking up 2nd, Hamilton would come home in 3rd followed by Kvyat, Ricciardo and Raikkonen.

F1 Fernando Alonso, McLaren
Fernando Alonso, McLaren Honda

 

  • F1 2015: Round 7 – Canada

Race fans looking for excitement from round 7 of the championship were left disappointed. Canada did not deliver any real surprises. Qualifying followed the now familiar format of both Mercedes cars locking out the front row, Hamilton on pole with Rosberg second.

During the race, although I’m not sure “race” is an entirely accurate description but we’ll use it for now. During the race, Hamilton was in complete control as both leading cars were repeatedly told to ‘lift and coast’ to preserve fuel and brakes.

The race finished as predictably as it started with Hamilton taking a comfortable win, followed home by Rosberg, Bottas, Raikkonen, Vettel and Massa.

Excitement? Well a Groundhog  wandered onto the track midway through the action causing Felipe Massa to deviate ever so slightly offline to avoid a collision. Quite ironic really given the plot of the famous Groundhog related film and the predictability of the current F1 format.

Mr Groundhog

The next round of the F1 is the Austrian Grand Prix on June 21st, and we’ll include a race report in our next newsletter!


Thank you for reading this WAS Blog post on the latest Formula 1 2015 season! Header images credit thanks to First Stop, Mark Kent, and Micheal Elleray. Image credit Antonio Moles, and Todd Petit.

 

January Car Sales 2015 – Off to a good start?

Strap yourselves in, because the very first new car registration figures of 2015 are out! Could we see another rise in sales to make it the 35th consecutive month of growth?

To answer this question – YES! The January car sales 2015 figures are out, and they reveal a total of 164,856 cars were registered during January 2015.

These numbers released by the SMMT and represented a 6.7% rise in the number of registrations, and the strongest January performance since 2007!

These stats also make this a record growth period for the whole market, with January 2015 marking the 35th consecutive monthly rise in sales.

Mike Hawes, SMMT chief executive, said: ‘These figures mark an encouraging start to the year after a very strong 2014, with a strikingly robust company car market as businesses take advantage of the attractive finance offers currently available.

‘January saw increased uptake of both petrol and diesel cars, while demand for alternatively-fuelled vehicles continued its surge with registrations rising by 60.8 per cent. Registrations of plug-in vehicles were particularly strong as consumers responded to a greater choice of makes and models delivering lower running costs.

‘Last year’s 9.3 per cent rise in the overall market was fuelled by stronger-than-expected economic confidence and, for 2015, we expect to see some levelling-off throughout the year: demand is back to pre-recession levels following record-breaking growth.’

As Hawes indicated, the figures display particularly strong growth in the area of company car registrations, up 18.1 per cent on January 2014.

Fleet registrations have been increasing consistently since 2012 as UK business confidence has bounced back since the recession. Just 882,415 cars were registered to fleets in 2009; this grew to 1,178,416 in 2014. Currently, the strong pound means that manufacturers can offer attractive finance packages to fleet buyers in the UK.


Thank you for reading this post on January car sales 2015 on the WAS Blog! Be sure to subscribe to keep updated with more motoring news!

Driving Licence Changes

Say goodbye to the old Paper Counterpart Driving Licence as changes take effect in 2015.

If you’re like me, then chances are you know where your photocard driving licence is. Maybe it’s in your purse, or your wallet? Maybe it’s in the kitchen drawer next to the random pens and supermarket carrier bags that someone insists on collecting?! We seem to know where that important little card is!

Now. Where is your paper counterpart driving licence?

You know, that official looking “greeny” document you received in the post with your shiny new photocard licence? Perhaps you put it in that big unorganised folder with the car receipts and paperwork? Well fear not my fellow drivers! Soon you will no longer need to dig out that paper counterpart driving licence!

“As of 2015 the DVLA will no longer be issuing paper counterpart driving licences. Meaning all those who currently have one, including myself, can dispose of them going forward.”

From 1st January 2015 you can safely destroy your paper counterpart driving licence (if you can find it of course), and just continue with your photocard licence.

 

What this means for you

  • You do not need to take any action, just keep your current photocard driving licence.
  • If you have an old style paper driving licence issued before the photocard was introduced in 1998, this change won’t affect you, and you should keep your licence.
  • The next time you need to update your name, address or renew your licence, you will be issued with a photocard only.
  • Entitlements, penalty points and the status of your driving licence will not change.
  • When DVLA stops issuing the counterpart of the driving licence, those drivers who already have a counterpart may destroy it.
  • You can change your address details online.

For further information, please visit the gov.uk website.

 

 

 

Car Manufacturer Chevrolet Pulling Out Of Europe

Car manufacturer Chevrolet has announced it is ceasing all new car business in Europe by the end of 2015.

Their website officially reported the following statement, along with with some useful FAQ’s for customers.

As you might have heard, Chevrolet has decided to end its new car business in Europe. This means that the sale of new Chevrolet vehicles in Western and Eastern Europe will end by the end of 2015.

As a Chevrolet customer you can rest assured that Chevrolet is committed to serve you and your vehicle also in the future. We will continue to provide service and supply Chevrolet original parts for Chevrolet vehicles in the same manner as today. Any expressed written warranty or service plans on Chevrolet vehicles remain unchanged and will be fully honoured in accordance with the terms of the agreement. We will determine the most effective way to meet all your service needs through our extensive service network.

We invite all Chevrolet customers and those interested in buying a new Chevrolet before the end of 2015 to continue to visit their local Chevrolet service partner.

 

Will I get service and repair for my Chevrolet in the future?

At Chevrolet we value the trust and the loyalty of our customers in Western and Eastern Europe and will honour our service and warranty commitments. Any expressed written warranty or service plans on Chevrolet vehicles remain unchanged and will be fully honoured in accordance with the terms of the agreement.

We are working with our dealers and authorized repairers to continue to offer an adequate availability of service points for our customers moving forward. We will be sure to provide frequent updates on our Chevrolet Websites.

 

How will my vehicle be serviced once the Chevrolet Western and Eastern Europe business has been ceased?

We are working with our dealers and authorized repairers to continue to offer an adequate availability of service points for our customers moving forward, also beyond the wind-down of our organization. Please visit your local dealer for any maintenance service or repair. If there should be a change in your region in the future, we will inform you in due time. Please come back and visit this website for further updates.

 

What happens when my dealer closes down?

We are working with our dealers and authorized repairers to continue to offer an adequate availability of service points for our customers moving forward, also beyond the ceasing of our organization. Please visit your local dealer for any maintenance service or repair. If there should be a change in your region in the future, we will inform you in due time. We will be sure to provide frequent updates on our Chevrolet Websites.

 

I received a product recall letter. What do I do?

We ask you to please follow the instructions contained in the letter and schedule an appointment with one of our service points. To locate a dealership near you, please check the Dealer Locator here on the website.

 

For how long / how many years will Chevrolet continue to supply service parts for my car?

We are working with our dealers and authorized repairers to continue to offer an adequate availability of service and repair for our customers moving forward. We expect parts to be available for a minimum of 10 years.

 

I leased a Chevrolet. Will I complete my leasing period and return the car as planned? I leased a Chevrolet. I want to end my leasing contract now.

Existing leasing contracts are not affected by this announcement. Your leasing contract will remain unchanged. Only your leasing company can discuss or agree on any contractual changes. In case of any doubt, please contact your leasing company.

 

I bought a Chevrolet, which has not yet been delivered. Will I still receive the car?

Your order is still valid. Please contact your dealer relative to delivery of the car.

 

I bought a Chevrolet, which has not yet been delivered. I don’t want this car anymore. How can I cancel my contract?

We will be in contact with our dealers over the coming days to discuss all options. Please contact your dealer for any questions regarding your contract or delivery of your car.

 

With this announcement, you will immediately de-value the car I recently bought? How will you compensate me for that?

There are no plans for customer compensation. Recent examples of brands exiting the market have not shown a significant drop in residual value over time.

 

I just contacted my Chevrolet dealer / Chevrolet service point but they did not seem to have all the information about the latest Chevrolet announcement.

We have only recently started the process of contacting all of our dealers to discuss all options. This process will be ongoing over the coming days. We also invite you to continue to visit our website for latest updates and news as well as new vehicle and service offers in your country.

 

I bought a Chevrolet, which has not yet been delivered. I hear that you are offering big discounts now. Since my car has not even arrived, I want to benefit from these discounts, too.

We will be in contact with our dealers over the coming days to discuss all options. Please contact your dealer for further information.

 

I heard Chevrolet might be offering some great deals now, can I actually still buy new Chevrolet cars now and benefit from these offers?

Chevrolet new vehicle sales will end by the end of 2015. We will continue to ensure the provision of warranty, parts and services for Chevrolet vehicles, both for existing customers and for customers of vehicles which will be bought between now and end of 2015. Please contact your dealer or visit the ‘Offers’ section on this website relative to any current offers.

 

Why has Chevrolet / GM decided to exit the new vehicles sales in Europe?

GM is committed to Europe as a key region. With this move, GM is clarifying and strengthening its European brand strategy to accelerate progress in the region. The decision by GM to focus its resources on the Opel/Vauxhall brands in Europe will help improve the strength of the brands and our overall business. Chevrolet will continue to offer its iconic American cars across Europe but concentrate Chevrolet passenger car sales on Russia and the CIS where the brand is strong and growing. Cadillac, which is finalizing plans for expanding in the European market, will enhance and expand its distribution network over the next three years as it prepares for numerous product introductions.

 

Will Opel and Chevrolet merge?

No, the two brands will not merge. With this move, GM is clarifying and strengthening its European brand strategy to accelerate progress in the region. The decision by GM to focus its resources on the Opel/Vauxhall brands in Europe will help improve the strength of the brands and our overall business. Chevrolet will continue to offer its iconic American cars across Europe but concentrate Chevrolet passenger car sales on Russia and the CIS where the brand is strong and growing.

 

Will the new Aveo (or other new vehicles / vehicle models) still be launched in Europe?

Select current models will still be sold throughout Western and Eastern Europe until end of 2015.

At this point, we do not plan to launch new or next generation product. It is our plan, however, to continue to offer iconic American Chevrolets such as the Corvette Stingray in Europe even beyond 2015. We will work closely with our dealer network on identifying where we will be offering these vehicles moving forward.

 

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Header Image Credit: Lars Plougmann via Flickr