Auto Trader says new car market ‘remains challenging’ despite sales rise
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Auto Trader has revealed a rise in revenues for the past six months, but said the market for new cars “remains challenging”. Auto Trader also reported that it has seen a rise in “unique cars” sold through its platform, but an acceleration in the speed of sale means it has not witnessed an increase in live stock. “We are confident in the outlook for the business given our strong market position, and the opportunity to use our unique data, technology and AI capabilities to improve the way vehicles are retailed in the UK.” Auto Trader shares were 8.1% lower on Thursday afternoon.
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