MARKET INSIGHT


COVID-19


AUTOMOTIVE MARKET TRENDS S


As the world’s largest automotive services organisation, we are committed to helping dealers navigate the uncertainty in the wake of COVID-19 and help them on the road to recovery. Be sure to keep up to date with our latest market insight and opinion at coxauto.co.uk/latest-news


top-start recovery will define COVID-19 legacy in the short term


(Use Philip Northard Pic in this section)


Cox Automotive UK has published its first analysis of the impact of COVID-19 on the wholesale and retail markets for new and used cars, as well as LCVs. Key findings include: • New car registrations predicted to fall 26% against forecast (1.67m vs 2.27m);


• Used car volumes likely to fall 19% (6.40m vs 7.99m);


• LCV volumes expected to track in line with the SMMT’s prediction of a 25% decline vs forecast (275k vs 347k).


The automotive services company anticipates the sector will experience a ‘stop-start’ recovery, with the remainder of 2020 unlikely to return to any version of normality.


Disrupted renewal cycles, subdued consumer 4 WWW.SMTA.CO.UK


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