Financial variables such as rising prices, borrowing costs, and global trade policies still have a significant impact in shaping the British auto sector. As auto makers strive to rebound from the disruptions of the past few years, these financial factors impact production costs, pricing tactics, and overall market dynamics (Grant Thornton UK LLP
Economic factors such as inflation, loan rates, and international trade policies continue to have a major role in influencing the UK automotive industry. As auto makers endeavor to recover from the interruptions of the past few years, these economic variables impact manufacturing costs, pricing strategies, and overall market conditions (Grant Th
As the auto sector changes, so too do the tactics for engaging prospective buyers. In 2024, internet marketing remains a key component for automotive companies looking to secure market share and connect with a digitally-aware audience. Key to this is the use of focused click-based campaigns and geographic targeting (Word Stream) (Similar W
The British pre-owned vehicle market is projected to experience considerable growth in 2024, propelled by an increase in vehicle availability and shifting consumer demands. After a tough 2023, where new vehicle shortages due to semiconductor shortages and post-pandemic disruptions impacted the market, 2024 is projected to be a period of recovery an
The UK automotive sector is at a crucial juncture as it navigates towards a era dominated by EVs (EVs). The ZEV mandate, coming into effect in 2024, mandates twenty-two percent of all passenger cars sold to be ZEVs, with ten percent for light commercial vehicles. This regulatory initiative is expected to greatly expand the market share of BEVs (BEV