The multi-award-winning Volkswagen Passat can be ordered in two new eHybrid trim levels from Thursday 14 August: Match and Black Edition. These value-focused newcomers replace the Passat Life and R-Line eHybrids and come with more features than the outgoing variants at no extra cost. Monthly payments, for any customers funding their purchases with … [Read more...]
Ineos ease back into UK market
4x4 specialist Ineos is rebuilding its sales network after it slashed business plans earlier this year and pulled the plug on some of the initial partners. Hit by a production glitch which stopped manufacturing, Ineos has now resumed building their three models and is slowly reshaping its network. Stock of new models is rolling out its French factory and a … [Read more...]
New car registrations slip to three-year low
The new car market stalled in July with registrations falling -5.0% to 140,154 units, according to the Society of Motor Manufacturers and Traders. The performance was the weakest for the month since 2022 and some -10.8% lower than in pre-pandemic 2019, demonstrating the market’s volatility and wider economic setting. Demand from private and fleet buyers … [Read more...]
Car finance ruling is confusing, say fleets
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...]
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