Cox Automotive also reports that while petrol registrations were up 3.0% (66.9% market share), diesel registrations fell another 20.5% (26.4% market share) YoY.
Also, the consumer confidence index in the UK declined to -13 in June, erasing a three-point rebound to -10 in the previous month and missing market consensus of -11.
Cox says that the increasing political and economic uncertainty continues to add caution to the sector, and that dealers have reported concerns that some manufacturers are not fully prepared for the change.
There was also a drop in new car availability and an unseasonable number of August registrations.
In terms of stock, dealers cite an increase in both overage (37%) and days in stock (39%) for used cars in June. New car consignment stock decreased (39%).
The wholesale market Manheim saw a double-digit increase in fleet volumes in June while the overall average price rose by 5.7% MoM, resulting in a YTD (H1) average of £5,814.
Average mileage on sold vehicles increased 5.5% YoY, but is down -4.6% MoM as fleet vehicle volumes increase.
The market saw the lowest part-exchange values in the first six months of 2019, down -1.8% MoM.
Looking forwards Cox expects, in retail, an increasing appetite for Manufacturers and Dealers to embrace eCommerce, a growth in demand for advanced vehicle imagery solutions to drive online buyer confidence and investment in PPC advertising to drive sales as consumers turn to online for their next vehicle.
At the wholesale end, it predicts that demand for retail-ready stock will drive efficiencies in vehicle services, there will be an increasingly agnostic approach to physical and digital sales streams to complement changing buyer behaviours and that buyers will expect increased transparency to drive stock confidence.
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