- Consumer Confidence – The latest data from GFK indicates the strongest overall score since 2021, however there is caution in the forward-looking data, with likely increases in Inflation and Interest rates in the near term. In market confidence is stable though, less than 1/10 feel less confident in their ability to afford their next car.
- New Cars – September volumes were the strongest since 2017. Within the pack we look at the growth delivered by New Entrant OEMs and through the push factors that we can see playing out through discounting (the highest point over the last four years) and in Pre Reg (+46% up YoY).
- Used Cars – In September there was a softening in volume YoY, but speed of sale and retail pricing remains relatively stable. Much like the New Car Market, EV & PHEV are seeing the biggest YoY sales growth, which is also playing through to stronger pricing growth.