Economic factors such as rising prices, interest rates, and global trade policies still play a major impact in shaping the UK car market. As manufacturers endeavor to regain stability from the disruptions of the past few years, these financial factors impact production costs, pricing tactics, and overall industry trends​ (Grant Thornton UK LLP)â€
As the automotive industry develops, so too do the strategies for connecting with prospective buyers. In 2024, internet marketing remains a key component for automotive companies looking to secure market presence and engage with a technology-oriented customer base. Key to this is the use of focused click-based campaigns and location-based advertisi
The British pre-owned vehicle market is projected to experience considerable growth in 2024, fueled by an surge in vehicle supply and evolving buyer needs. Following a difficult 2023, where new automobile supply issues due to chip shortages and post-COVID interruptions impacted the market, 2024 is expected to be a period of revival and stabilizatio
The British used car market is projected to see significant increase in 2024, driven by an rise in automobile supply and evolving buyer needs. Following a difficult 2023, where new automobile supply issues due to semiconductor shortages and post-pandemic interruptions impacted the market, 2024 is expected to be a period of revival and stabilization
The United Kingdom auto industry is at a crucial juncture as it transitions towards a future centered around electric cars (EVs). The Zero Emission Vehicle mandate, coming into effect in 2024, mandates twenty-two percent of all sedans sold to be emission-free vehicles, with 10% for light commercial vehicles. This legislative effort is anticipated t