Uncertainty remains after Supreme Court ruling on car finance, said Paul Hollick, chair at the Association of Fleet Professionals. “We’ve gone from a situation on Friday where the Supreme Court verdicts suggested the worst risks for the motor finance sector had been removed, to one on Monday morning where the FCA’s intervention has reintroduced the … [Read more...]
Weekend roadtest: Toyota Land Cruiser Invincible
When you hit 70 years, most things that haven’t fallen off or out may be about to, but that is really the turning point in the case of the Toyota Land Cruiser. From prototypes developed before and after World War Two, the model that became the Land Cruiser was commissioned by the Japanese Government in 1951. Ever since it has become a story of global … [Read more...]
Production collapsing, but recovery maybe around the corner
UK new vehicle manufacturing declined by -11.9% to 417,232 units in the first six months of the year, according to the Society of Motor Manufacturers and Traders last week, but the foundations have been set for recovery. The decline was softened by a 6.6% increase in car production in June, although this was in comparison with last year when model … [Read more...]
Profitability warning with over-supply of cars
Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the Vehicle Remarketing Association. However, a return to nearer 2.5 million sales would be unlikely to represent real demand and would generally be accompanied by poor unit profitability for dealers, the event at BCA … [Read more...]
PHEVs are stepping stones to full EVs, say dealers
Nearly seven out of 10 dealers (68%) say PHEVs are becoming a stepping stone to an electric vehicle (EV) for car buyers worried about going fully electric. Startline’s July Used Car Tracker shows, as a result, 60% expect values for PHEVs to rise and 48% expect demand to similarly increase. However, many expect this trend to be transitory, with only 37% … [Read more...]
Jaguar performance crashes
Jaguar Land Rover's disastrous product planning has been laid out for all to see in its latest financial results. The company ended its petrol Jaguar models and up to a year at least before its new generation fully-electric series is in showrooms. Dealers have no cars to sell and depend on service work to keep them going. Its Land Rover division is relying … [Read more...]
23-million car owners in line for mis-sold finance
More than 23 million people expect to be win compensation for mis-sold car finance a new survey has found as Brits await a pivotal Supreme Court ruling that could release tens of billions in potential payouts. A new poll by law firm Slater & Gordon found that 45% of people believe they could be entitled to a payout over a car finance agreement taken out … [Read more...]
Weekend roadtest: X Peng G6 Long Range
Among the newest of the Chinese car-makers coming to the UK, XPeng has partnered with the people who brought us Subaru and Isuzu in Britain, so let that be a warning to rivals. The Chinese company was founded in 2014 and is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, and Munich. It has partnered platform and electrical … [Read more...]
Manufacturers pouring money into registrations
Manufacturer and dealer incentives meant the UK’s new car market grew for the second consecutive month in June, as registrations rose 6.7% to 191,316 units, according to the Society of Motor Manufacturers and Traders. It was the best June since 2019, helping lift first half performance 3.5% above the same period last year, although the market remains -17.9% … [Read more...]
More businesses fitting ev charge points for fleets
More than three out of four UK fleets (77%) either have an electric vehicle (EV) charging strategy in place or are planning to adopt one, according to new research. The 2025 Arval Mobility Observatory Fleet and Mobility Barometer looks at three types of charging provision – at home, using public infrastructure and at company premises –either being currently … [Read more...]
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