Pendragon PLC

Industry News

Industry insights from the Pendragon IMS

31st October 2014

 

The technology of these GPS controlled vehicles is not unknown, however safety and infrastructure setup has prevented them being made available for testing, until now that is.

We signalled in our interim report that we expect new car registrations to stabilise in 2015.

Year to date registrations to 30 September 2014 increased by 9.1% year on year, with retail registrations increasing by 10.0%. The UK new car market increased registrations by 6.3% in the third quarter, with the retail market increasing by 6.6%, reflecting the trend towards a stable market we had signalled earlier. We expect the trend towards a greater proportion of new vehicle sales being through the retail channel will continue in the medium term.

The used car market increased by 1.0% in the six month period to 30 June 2014 (latest available data from Experian), following growth of 5.9% in quarter one and a decline of 3.4% in quarter two. Interestingly, against the overall reduction in the market in quarter two, the only sector to grow was the sale of newer used car models, which grew by over 1%, given the increased volume of new car sales in the last three years. This validated the modelling that we conducted at the interim, and we still expect the overall market to grow by approximately 2% for the full year.

The aftersales car parc continues to be favourable in the nearly new vehicle car parc as a result of the new car market increases in the last three years.



Full Pendragon IMS for October 2014

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Driverless car set for the UK

30th July 2014


The government has outlined initial measures to allow driverless/self-drive cars on UK roads. The technology of these GPS controlled vehicles is not unknown, however safety and infrastructure setup has prevented them being made available for testing, until now that is.

The Department for Transport had originally aimed to trial driverless cars in certain areas by the end of 2013, however, legal and insurance issues prevented this from happening.

Developments in the USA and Canada lead the way on a global scale, and the UK government is determined to follow suit and be a market leader in Europe. Japan has been the first country in Asia to test an autonomous car on public roads in 2013, and a similar test is set to take place in the Swedish city of Gothenburg by 2017. 

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UK Car production rises in first half of 2014

24th July 2014

On the back of the increased UK car sales announcement for 2014, the automotive industry has had some more good news as manufacturing levels have risen by 3.5%. With 791,314 units produced in the first half of 2014, June’s output alone was 136,419, which shows significant growth from the same period last year. The amount of exported models has increase by 4% and the production of models remaining in the UK is up 1.9%.


Car production is at its highest since 2008 and has continued to show year-on-year growth since 2009. The positive figures that have been released are believed to be down to manufacturers’ upgrades to previous models, and the introduction of new ones.

Car Manufacturing

June - 13

June - 14

% Change

YTD - 2013

YTD - 2014

% Change

Total

131,586

136,419

3.7%

764,390

791,314

3.5%

Home-based

26,212

30,532

16.5%

162,754

165,855

1.9%

Exported

105,374

105,887

0.5%

601,636

625,459

4.0%

% exported

80.1%

77.6%

 

78.7%

79.0%

 


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New car sales up 10% for the first half of 2014 
16th July 2014 


The Society of Motor Traders and Manufacturers (SMMT) have announced new car purchases for the first half of 2014 has increased by 10.6% from the previous year. More than 1.25m new cars were registered between the 1st January and 30th June, the highest number since 2005. This impressive increase has been heavily influenced by customers’ demands for more efficient cars, SMMT Chief Executive Mike Hawes explains:

“Key to attracting consumers is the ever-improving efficiency of new cars, an important factor that is highlighted by the 51.3% increase in alternatively-fuelled vehicle registrations so far this year.”

The top 3 cars sold during this period were the Ford Fiesta with 70.1k units, Ford Focus with 44.7 units and the Vauxhall Corsa with 42.3k units. For more information on the 3 most popular new cars in 2014, please visit the Evans Halshaw website.


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New car sales figures increased 3% in February

6th March 2014


UK car sales have seen another increase since this time last year with a 3% rise in the month of February compared to last year.


New car sales have increased every month over the past two years with sales up by 17.4% over the period.

Over 67,000 cars were sold in February meaning total sales for the first 2 months of 2014 were over 223,000, 6.1% higher than the same period a year ago.

The figures have shown that the Ford Fiesta is still the biggest selling car, now followed by the Vauxhall Corsa and Vauxhall Astra.

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UK New Car sales rise 7.6% year on year in January
10th February 2014


After a pleasing 2013 for car manufacturers, we are off to a promising start in 2014. The number of cars registered last month saw a 7.6% increase in January of last year. This was the 23rd successive month of year-on-year increases.


The SMMT figures showed a 25% increase in sales of alternatively fuelled cars compared to last year. It says that new buyers have been attracted by better fuel efficiency with the average new car being 27 per cent more efficient than a seven year-old model.
Diesel cars proved more popular than their petrol counterparts taking 51.4 per cent of the market.


Mike Hawes, SMMT chief executive, said: ‘The new car market ended 2013 on a high, so it is encouraging to see the January market start the year strongly.


‘As fuel economy is a major consideration for many motorists, ongoing investment by vehicle manufacturers in innovative, fuel-efficient technology is a key factor in the growing demand for new cars. Looking ahead, the UK automotive industry expects to see moderate, sustainable growth in 2014.’


The figures have shown that the Ford Fiesta was the biggest selling car of the month, selling more than 9,000 units. The Ford Focus and Vauxhall Corsa take second and third place respectively.

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Nissan Qashqui named Car Of The Year
9th January 2014


The second generation Nissan Qashqai has picked up What Car’s Car of the Year award. This is the first time Nissan has won the overall award; the British-built Qashqai was also named best small SUV.


What Car? editor-in-chief Chas Hallett said:
“The all-new Nissan Qashqai brings excellence and polish to a class of cars that is brimming with talent and tempting buys. The Qashqai delivers low costs and first-class levels of comfort, refinement, space and safety. Nissan has thought of every last detail, and this complete approach is why the Qashqai is What Car?’s Car of the Year. The Nissan team should be justifiably proud of their achievement.”


Nissan Motor GB managing director Jim Wright said:
 “We’re thrilled that What Car? has named the new Qashqai as its 2014 Car of the Year. A huge amount of effort has gone into the design and engineering of the new car, and we’re all extremely excited about creating the template for the second-generation crossover”


The all new Qashqai is available now. Visit one of our Nissan dealers to experience it for yourself or view our latest offers at evanshalshaw.com/nissan

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Trevor Finn expands on the predicted strong growth for the year ahead in recent interview with CarDealer Magazine.
29th January 2014


Trevor Finn, CEO of Pendragon – the UK’s biggest car retailer – and other industry bosses were asked their opinions in an exclusive gathering at the RAC Club in London.

Last year, new car registrations bounced back to pre-recession levels with 2.26m units chalked up by car manufacturers in the UK.


And the overwhelming consensus was that continued economic growth will fuel a surge in vehicle sales during 2014, with some predicting the growth could hit double digits.


Trevor Finn, CEO of car dealer group Pendragon, said: ‘In my mind there is no question the car market will grow. While the southern European markets remain under pressure then the UK will take some of that capacity and the cars will find a way into the market. There’s no reason why we won’t see some growth again.’


While some car manufacturer bosses speaking to Car Dealer weren’t quite as bullish, none of the 11 said they thought sales in 2014 would fall.

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Trevor Finn talks on BBC breakfast about increasing consumer confidence which has supported car sales in September.
4th October 2013


The BBC have reported the recently released September new car sales figures. New car sales in September reached a record high of 400,000, the highest monthly figure since March 2008.

Trevor Finn, CEO of Evans Halshaw, has indicated that there are 3 key elements that have driven this increase.


The BBC also suggested that car manufacturers are operating as banks, through their own banking divisions. They are able to offer cheaper rates in terms of finance than a few years ago.


Trevor Finn commented “The European market is in trouble, that’s one element, the cars are being directed to the UK with readily available finance and consumer confidence is in the right place”.


“It is also fair to say that the vehicle manufacturer finance companies are providing the finance in as many as 80 to 90% of cars sold being sold”.


In the closing comments Trevor indicated that confidence levels are rising and buyers seeking to upgrade the car they drive.

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Car Sales as an indicator of the UK Economy Growth
25 July 2013


As the latest GDP figures have been released today the BBC asked Pendragon PLC whether the car industry and consumer behaviour is reflected in the sales rates.


The GDP announcement states that every sector grew in the last three months, and the BBC questioned if this meant that even more people were looking to buy their next ‘shiny new car’.

Interviewed at the Evans Halshaw Ford dealership in Walsall, Chief executive Trevor Finn commented:

“Sales have increased by 20% this year which speaks for itself that there’s more optimism and consumers are feeling more comfortable. All the data that’s coming through on unemployment is looking positive, and I think that's what concerns people most when it comes to making a big purchase decision.”


The programme also comments on the volumes of customers purchasing their cars through finance products and the availability of cheap credit to customers.


For the full BBC report and interview please visit the BBC Website.

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Growth continues in April new car market reported by the SMMT
7 May 2013


The Society of Motor Manufacturers and Traders (SMMT) has announced the latest UK new car registration figures.


- UK new car registrations rose 14.8% in April to 163,357 units.
- Registrations in the first four months of 2013 grew 8.9% to 768,555 units.
- April secured the strongest growth in 14 months as buying cycles and market volatility combined to boost uptake.
- Growth followed a further rise in private registrations, up almost a third on April last year.
- The UK new car market continues to outperform EU27’s market performance.
- Positive Q1 growth led to SMMT revising up its full year market forecast to 2.106 million units, which would be a 3% increase on 2012.


“The UK new car market continues to perform surprisingly strongly, with volumes again increasing in April. While the headline increase was up almost 15% there were more sales days this year than last,” said SMMT Interim Chief Executive, Mike Baunton. “The UK continues to perform well ahead of the troubled Eurozone as consumer confidence, regular purchase cycles, attractive finance deals and wider market factors continue to make new car buying favourable for motorists.”

For full details and tables please visit the SMMT website

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MINI wins big across the awards in 2013
19 April 2013


MINI has picked up another collection of industry awards, including best Supermini, Open-top and Fun Green Car, showing just how varied the range has become.


The MINI Roadster made a big impact in its first year with the Cooper S model scooping the What Car? Best Open-top title. Editor, Chas Hallett, said: “MINIs are all about fun and the Roadster delivers it in spades. Drop the roof and the MINI Roadster feels like a modern-day version of classic British sports cars such as the MGB and Lotus Elan – only better.”

 

In the BusinessCar Awards, MINI won the Supermini Award for an impressive tenth year running. The magazine reported: “Its cast iron residual values, excellent running costs and everlasting appeal just can’t be bettered, despite strong competition.”

The MINI Cooper D held onto its best Fun Green Car title at the WhatCar? Green Awards. WhatCar? said: “The MINI Cooper D proves it is absolutely possible to minimise transport impact on the environment and still have a lot of fun behind the wheel. For all-round appeal, it’s hard to beat a MINI.”

MINI’s outstanding expertise in engine development was also recognised again when the 1.6-litre turbo engine in the MINI Cooper S won its category in the International Engine of the Year awards.

As this iconic brand continues to innovate in technology and design Stratstone are proud to be a key retail partner to this exciting manufacturer.


For more details visit Stratstone.com

 

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Aston Martin is 100
7 March 2013


Aston Martin is celebrating a century of automotive achievement at the 83rd Geneva International Motor Show.


The luxury British sports car maker – which is marking its centenary in 2013 – takes centre stage in Switzerland with cars both from its illustrious past and its exciting future.


Pride of place is reserved for the latest luxurious addition to the now fully-replaced or refreshed sports car range – the forthcoming Rapide S. The luxury four-door GT has been sympathetically redesigned and painstakingly re-engineered to reassert its position as the world’s most beautiful, and beautifully balanced, four-seat sports car.


Centenary Editions Elsewhere on the Geneva stand Aston Martin’s ultimate Super GT – the new Vanquish – showcases a painstakingly created Centenary Edition specification that is available worldwide on just 100 examples of each of the car maker’s model lines: Vantage, DB9, Vanquish and Rapide S. The show cars exteriors represent an exclusive celebration of the company’s 100-year history.


Aston Martin CEO, Dr Ulrich Bez, played a key role in the creation of the unique paint treatment, tasking Design Director Marek Reichman and his team with the development of a suitably exclusive and desirable dual tone specification. Dr Bez explained: “The chance to own and enjoy such a stunning piece of Aston Martin’s heritage is made all the more rare by the fact that we are limiting numbers to just 100 of each model line. Even before a single customer car is built we are seeing supporters and enthusiasts of the brand worldwide quickly securing their chosen model.” Inside, as out, a Centenary Edition Aston Martin is identified by its exclusive and luxurious treatment.


Each Centenary Edition model will also be supplied with a unique presentation box containing a number of exclusive gifts to mark the first 100 years of the company. These include two glass keys, two bespoke key pouches made from leather matching the car’s interior trim, solid silver cufflinks featuring the Aston Martin script, solid silver Rollerball pen and high quality Bang & Olufsen headphones. The gift box will also include a silver polishing cloth to help owners ensure the silver centenary wings badges and sill plaques on their car keep their lustre.


Some specification details will vary market by market around the world but all cars will, as ever, be painstakingly handcrafted at Aston Martin’s global headquarters and state-of-the-art manufacturing facility at Gaydon, in Warwickshire.


For more details visit Stratstone.com

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Trevor Finn comments on car sales in 2013
8 February 2013


Chief Executive Trevor Finn was chatting on the BBC Breakfast show this morning regarding UK car sales and indicators for industry performance in 2013.


A number of snippets of good news recently in house prices and car retail suggest that there may be positive news about the economy. When asked about what was driving the sales Trevor agreed this was due to consumer confidence:


“The new car market is split into business buyers and private buyers, and private buyers are driving the sales. Some recent numbers show that retail sales are up 15% in January compared to January last year.”


Trevor also discussed behaviours in the market, with consumers shifting to a monthly payment rather than outright ownership of vehicles. This is driven by financial incentives and availability of credit on new cars provided by the vehicle manufacturers.


In the used car market, a key operational sector for the Pendragon Group, there are rising prices due to increases in demand. The used car market in the UK has been consistently around four times the new car retail segment.


In the closing comments Trevor concluded that there had been a good start to 2013, driven by momentum started in 2012.

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Ford Range commended at Euro NCAP Awards
5 February 2013


Last month Ford won three out of seven categories in Euro NCAP's 2012 best-in-class safety awards; more than any other manufacturer.


New Kuga wins the SUV category after achieving a maximum five-star Euro NCAP rating and a class-leading 88 per cent for overall protection.


New B-MAX is joint winner in the Small MPV category, also after achieving a five-star rating and 83 per cent overall.


New Transit Custom wins the Business and Family Vans section after becoming the first vehicle in its class to earn a five-star Euro NCAP rating and an Advanced reward, scoring 77 per cent for overall protection.


"Safety is a core value at Ford," said Stuart Southgate, Ford automotive safety director. Ford Motor Company won three out of a possible seven 2012 Euro NCAP best-in-class safety awards - more than any other manufacturer - with wins for new Kuga, new Transit Custom and new B-MAX. "For Euro NCAP to evaluate our vehicles and determine that they are segment leaders in their safety assessment is a wonderful recognition of the values and talent of our designers and engineers."


Euro NCAP is Europe's largest independent authority on vehicle safety. The awards reflect vehicle crash test performance and availability of advanced safety technologies.


Through Evans Halshaw we retail Ford Cars and Vans across 43 locations. For more information visit the Evans Halshaw website.

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2012 new car market tops two million units, a four-year high
7 January 2013


The SMMT releases the latest new car registration figures
UK new car registrations rose 5.3% in 2012 to 2,044,609 units, boosted by strong consumer demand.


- Annual volume was highest since 2008, and recorded largest percentage increase since 2001.
- Growth in 2012 followed 12.9% rise in private demand.
- New car market was still 14.9% below 2007, pre-recession, level of 2.4 million units.
- Average new car CO2 emissions fell to new low of 133.1g/km, 22.7% down on a decade ago.
- Market ended 2012 with 3.7% rise in December to 123,557 units.


“More than two million new cars were registered in the UK during 2012, up 5.3% on the previous 12 months and the best result since recession struck in 2008,” said Paul Everitt, SMMT Chief Executive. “Boosted by strong consumer demand, the market grew at its fastest rate for 11 years with innovative, fuel-efficient cars keeping buyers in showrooms. Looking ahead to 2013, we anticipate the market will hold firm, with manufacturers and dealers working hard to deliver quality and value to motorists.”


For full details of the data and the statement from the SMMT please visit their website

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All-New Range Rover Achieves 5 Star Euro NCAP Rating
28 November 2012


Range Rover is one of the most prestigious and expensive vehicles tested by Euro NCAP to date.


Range Rover achieves one of the highest ever scores for pedestrian protection within the "Large Off-Roader" vehicle category.


The all-new Range Rover has been awarded 5 Stars for Safety Performance by Euro NCAP. This is the highest award achievable for Safety Standards within Europe demonstrating Land Rover's continuous commitment to engineering excellence.


"This is the second vehicle launched in as many years with Range Rover Evoque achieving the same result in 2011. Euro NCAP have significantly increased the Pedestrian Protection target in 2012 and Land Rover has risen to the challenge with the all-new Range Rover achieving one of the highest ever scores for Pedestrian within its vehicle category. It's an incredible achievement and testament to the dedication of our engineering team," said John Edwards, Land Rover Global Brand Director.


The all-new Range Rover further demonstrates Land Rover's commitment to sustainability. It is 420Kg lighter than its predecessor and has outstanding results for occupant protection; achieving maximum points in numerous areas within the Euro NCAP tests.


For further information please visit the Euro NCAP website.

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The SMMT have released the New Car registration figures for October 2012
6 November 2012


Resilient new car market growth continues in October.

 
The Society of Motor Manufacturers and Traders (SMMT) has announced that UK new car registrations rose 12.1% to 151,252 units in October, bucking current demand trends in Europe.


- The new car market has increased 5.0% over the year-to-date, growing in all but one month, totalling 1,771,861 units. This represents an increase of 83,823 units on a year ago.
- Petrol, diesel and alternatively-fuelled vehicle markets posted strong growth in the month and over the year-to-date, with most vehicle segments growing as well, notably small car and dual purpose segments.
- SMMT has revised up its forecast for the full year to over two million units, from 1.94 million in 2011.


“Despite uncertainty in the European economy, the UK new car market continues to grow, with registrations rising more than 12% in October to 151,252 units,” said Paul Everitt, SMMT Chief Executive. “It is encouraging to see the alternatively-fuelled vehicle market performing strongly, up 13% so far this year.

 

Although the alternatively-fuelled vehicle sector represents only a small share of the overall market, it is vital that government sustains its consumer incentive programme and maximises the benefits available through the vehicle taxation system.”


For full details of the data and the statement from the SMMT please visit their website.

 

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Jaguar XF Named Car of the Decade by SGMW
25 October 2012


The Castle Bromwich manufactured Jaguar XF has been named Car of the Decade.


This award can be added to its collection of more than 100 awards.The Southern Group of Motoring Writers (SGMW) is made up of 30 motoring journalists.


The Chairman for the group said it is an outstanding car:
“The Jaguar XF has a style, grace and driving calibre that impressed our members enough to make it our outstanding choice as Car of the Decade as we celebrate the group’s 10th anniversary.


“With its proud heritage, voluptuously sculpted design, engineering precision and wow-factor cabin, the XF is a worthy winner of this notable award.” - Sue Baker, SGMW Chairman.


View our latest Jaguar XF offers or contact your local Stratstone Jaguar dealership.

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Focus on... Evans Halshaw Division
23 October 2012


Evans Halshaw is the UK’s leading volume motor car retailer, with 125 franchise points.


Evans Halshaw holds franchises to retail and service Chevrolet, Citroen, Dacia, Ford, Hyundai, Kia, Nissan, Peugeot, Renault, Seat and Vauxhall as well as independent used car operations under the brands of Quicks and Evans Halshaw Motorhouse.

A new brand to the UK, Dacia, has also recently launched and Evans Halshaw are retailing this new manufacturer partner from nine locations across the north of England and Scotland.


Please visit www.evanshalshaw.com to find out more about Evans Halshaw.

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BMW 3 Series is crowned What Car? Green Car of the Year 2012
22 October 2012


The new BMW 320d EfficientDynamics Saloon has fought off tough competition to once again be crowned Best Executive Car of the Year at the What Car? Green Awards 2012.


The BMW 320d EfficientDynamics Saloon won over the judges with its unconventional statistics, combining outstanding fuel efficiency and emissions with impressive performance. With a combined fuel consumption of 68.9mpg and CO2 emissions of 109g/km, the 320d EfficientDynamics Saloon is still capable of travelling from zero to 62mph in 8.0 seconds. It was this no-compromise blend that ensured the most parsimonious 3 Series model took the top green honour.


Chas Hallett, What Car? Editor in Chief, said: “BMW’s engineers have worked very hard on their conventional engines and have given them some very unconventional green vital statistics. The choice of the 320d EfficientDynamics automatic Saloon as What Car?’s Green Car of the Year was a unanimous one. The 320d lets consumers who want to do their bit for the planet do so without compromise.”


BMW named most sustainable car manufacturer for eighth consecutive year by the Dow Jones Sustainability Index.


BMW’s dedication to sustainability has again been recognised by the Dow Jones Sustainability Index, which has named BMW the most sustainable car company in the world for the eighth consecutive year. Since its inception BMW is the only automotive organisation to have featured every year on the index, which is the leader in obtaining an accurate like-for-like analysis of companies.

For more information contact your local Stratstone BMW dealership.

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Honda Civic is a Winner of the Women's World Car of the Year 2012
5 October 2012


The Honda Civic has received an award from the Women’s World Car of the Year committee.


The award was presented to Honda at the Paris Motor Show 2012.


The Women's World Car of the Year is divided into four categories; Family Car, Luxury Car, Sports Car and Economy Car. The Honda Civic was chosen as the winner for the Economy Car category with second and third places going to the Volkswagen UP and Ford Fiesta respectively.


The Honda Civic was selected from an initial entry list of 300 cars which were nominated by 20 women judges from 11 countries around the world.


The judging panel for the Women’s Car of the Year assessed the Civic according to the criteria women consider when buying a car which include safety, value-for-money, aesthetic appearance, storage space, ease-of-driving, colour, sex appeal, environmental footprint and child friendliness.


For more information please check out the Stratstone website.

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New Ford Transit Custom named International Van of the Year 2013.
1 October 2012


The eagerly awaited Transit Custom has announced its soon to be arrival, by bagging the prestigious ‘International Van of the Year’ Award for 2013.


This award is voted for by the most knowledgeable journalists in the world when it comes to commercial vehicles, so it’s an important external confirmation of what we already knew – Transit Custom is great new product that offers style, practicality, driving quality and low cost of ownership.


Not only has the Transit Custom won by a wide margin, but this was a record fourth time since 2001 that a Transit van has won this prestigious award, an unprecedented achievement.


In presenting the award, the chairman of the International Van of the Year jury, Pieter Wieman, said: “The van has a car-like exterior and interior, driving dynamics which are very close to a passenger car and, notwithstanding that, it is a very functional and practical vehicle.” He added: “Ford has paid a lot of attention to the active and passive safety aspects of the new model, and to reducing the cost-of-ownership.”


For more information about Ford Transit Customs please visit the Evans Halshaw Website.

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Vauxhall Wins Two Technology Awards
19 September 2012


Vauxhall has scooped two “Techie” honours from the Business Car Fleet Technology Awards with the revolutionary Ampera winning best green development and Vauxhall RoadTrip named as best app.


This is the latest in a long line of significant prizes for the ground-breaking Ampera including the current European Car of the Year, What Car? Green Car of the Year and Top Gear Magazine’s Green Car of the Year.


“Vauxhall managed to impress the judging panel not once but twice, which is a major achievement as the Techies entries were stronger in number and quality than ever before,” said Business Car Editor Paul Barker. “The Ampera is a genuine game-changer in terms of low-emission vehicles suitable for businesses, and the excellent RoadTrip app offers great functionality and illustrates Vauxhall’s innovative approach to the business car market.”


“We’re very pleased to have been honoured by Business Car magazine for the revolutionary Ampera and our popular RoadTrip app,” said James Taylor, Vauxhall’s Fleet Sales Director. “Vauxhall strives to meet the requirements of its fleet customers with innovative new products, of which Ampera and RoadTrip are just two examples.”


The Techies, Business Car’s Fleet Technology Awards, now in their fourth year, are the only set of awards in the industry that specifically focus on honouring companies that use technology to help make the operation of business cars cheaper, cleaner, easier, safer and less time consuming across 12 categories. Judged by an expert panel, they focus specifically on technological innovation and expertise.


For more information about Vauxhall products please visit the Evans Halshaw Website.