The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 million units in March 2020, down by 39% from March 2019. This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics … [Read more...]
Banks tardiness threatens coronavirus recovery
The Government must make lenders move faster to access the special loan scheme or businesses will fail, says the FTA. On 2 April, Chancellor Rishi Sunak MP announced changes to the government’s Corona Business Interruption Loan Scheme, vowing to take “all action necessary” to make sure government backed loans were benefitting businesses as planned. But … [Read more...]
Seabed could save the planet in EV technology
A coalition of leading researchers and scientists has released the findings of a year-long study into the impacts of sourcing metals to produce battery cathodes and wiring for electric vehicles. As calls for a transition to renewable energy and electric transport grow louder in the face of increasing global climate chaos, the study — commissioned by … [Read more...]
Newslines 24 April
The Welsh Government has effectively made it illegal to visit second homes in Wales under the latest lockdown legislation. It has moved beyond the UK Government and made it unlawful to remain away from your normal home without good reason, so owners and tenants cannot use casual accommodation. Renault is seeking €600M from the French Government to protect … [Read more...]
Dangers lurking on empty roads
Empty roads over the last few weeks have been used as race-tracks by some drivers, police have reported. Opportunist thieves and drug running gangs have also desperately used them to quickly move about, despite the risk of being caught by routine police patrols stopping to check on Coronavirus compliant trips. Now company car and van drivers have be warned … [Read more...]
Women drivers face greater risks than men
Women drivers are 47% more likely to fall victim to serious injury or death than men, according to a new analysis by Select Car Leasing. The study of accident data also showed the likelihood of a female sustaining a serious injury is 71% higher than a man. Research from the University of Virginia reported these stats in 2011 and reassessed them … [Read more...]
AFVs demand likely to soar
Over half of UK dealers (53%) plan to stock alternative fuel vehicles in the next five years, according to research from Close Brothers Motor Finance’s Dealer Satisfaction Survey. Positively, almost three in ten (29%) car dealers already stock AFVs. And for those who already have stock, two thirds (64%) plan to increase it and a quarter (24%) plan to … [Read more...]
Safety checks to laid up vehicles
Drivers will need guidance on returning laid-up company cars to the road when the coronavirus crisis ends, says Meridian Vehicle Solutions. Phil Jerome, managing director at the medium-term rental specialist, said that some vehicles may not turn a wheel for months, depending on the length of the lockdown, and would need to be quite carefully inspected in a … [Read more...]
Coronavirus hits over 1.4M vehicles
Over 1.4M new vehicles have been lost to production shutdowns across Europe as the Coronavirus develops. Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 said the European Automobile Manufacturers’ Association. This figure – covering passenger cars, trucks, vans, buses and coaches – is up from … [Read more...]
Safety checks remain vital despite MoT extension
Following the Driver and Vehicle Standards Agency’s decision to issue a six-month exemption period for MOTs that expire after 30 March, insurethebox is helping its customers make sure their vehicles remain safe during this time. While the government has allowed garages to remain open, social distancing advises against such appointments. As a result, … [Read more...]
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