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Northern Ireland car dealers facing steep price increase

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Over the past weeks, the National Franchised Dealers Association (NFDA) has written to HMRC and a number of MPs to highlight that under post-Brexit EU VAT rules, the sale price of a significant proportion of used vehicles in Northern Ireland (NI) will be subject to a 20 per cent increase for stock purchased in Great Britain (GB). NFDA has urged HMRC to resolve the issue before the end of the year to avoid a major impact on NI and GB vehicle dealers as well as consumers.

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Consumers to spend more on next car after lockdown – BuyaCar.co.uk

Consumers are gearing up to spend more on their next car than they were planning to before confinement began in March. Data from the online car marketplace BuyaCar.co.uk reveals that the average price of cars being reserved for purchase when lockdown is eased has shot up to a record level.

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New car discounts reach £16.8 million as dealers look to attract buyers

Dealers have increased new car discounts by more than 10 per cent since February, in a bid to maintain sales. The move equates to savings of £16.8 million off manufacturer list prices across the market, according to the latest research by Britain’s leading consumer champion and new car buying platform, What Car?

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  4. What Car? reveals shortlist of models battling for 2020 Car of the Year title
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Britons to spend £108 billion on cars this year: American Express study

With excitement revving up for the release of ‘17’ number plates on 1 March, buying a car is a significant purchase. A new study from American Express has found that 19 per cent of adults will spend an average of £11,094 buying a brand new or second hand car this year, equating to a bumper £1081 billion across the UK as a whole.

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