Abstract
This report addresses the car retail market in the UK, discussing current trends and issues in the market and future prospects, last examined by Mintel in its report Car Retailing - UK, Retail Intelligence, August 2006.
Mid-2008 marks a worrying time for car retailers. The headlines are dominated by economic gloom, and new car sales appear to have gone into reverse, with little prospect of recovery during the second half of the year.
Meanwhile, motorists have to pay more than ever before simply to keep their cars on the road, including higher fuel costs, as the price of oil soars, car tax and, in some areas, congestion charging.
Consolidation has continued within the industry, with larger dealer groups achieving ever-greater scale: with some businesses likely to struggle during the current economic downturn, there are likely to be further opportunities to make acquisitions for those with the resources to afford them.
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