Economic elements such as inflation, loan rates, and global trade policies persistently play a major part in molding the UK automotive industry. As producers aim to recover from the disturbances of the past few years, these economic variables affect production expenses, pricing strategies, and overall market conditions (Grant Thornton) (EY
Financial variables such as price increases, interest rates, and global trade policies still have a major impact in shaping the British auto sector. As auto makers strive 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
As the auto sector develops, so too do the strategies for engaging potential customers. In 2024, internet marketing remains a key component for auto firms aiming to gain market presence and engage with a technology-oriented customer base. Key to this is the use of focused PPC ad strategies and location-based advertising (WordStream) (Simil
The UK’s used car market is anticipated to witness considerable increase in 2024, driven by an increase in vehicle availability and evolving buyer needs. After a tough 2023, where new automobile supply issues due to semiconductor shortages and post-pandemic disruptions affected the market, 2024 is expected to be a year of rebound and stability
The UK auto sector is at a critical juncture as it transitions towards a era led by electric cars (EVs). The ZEV mandate, starting in 2024, mandates 22% of all passenger cars sold to be emission-free vehicles, with ten percent for LCVs. This regulatory effort is expected to significantly expand the presence of BEVs (BEVs), despite current challenge