Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward spiral in the value of used EVs and amid … [Read more...]
Filling stations taking diesel drivers for a ride, says RAC
Diesel car and van drivers are being taken for a ride by filling stations, said the RAC. They are continuing to suffer from inflated prices at fuel pumps up and down the country and are seeing no benefit from plummeting lower wholesale costs, despite the Chancellor continuing the fuel duty freeze in Wednesday’s Budget, the RAC is warning. Despite both crude oil and wholesale diesel costs – the … [Read more...]
Tradelines 15 March
Jaguar will slash its dealer sites from about 80 today to under 20 within two years as it moves to an all-electric line up, sources have told Car Dealer magazine. The existing dealerships will have to consider selling only Land Rover models while the Jaguar range is developed but seen as taking much smaller role and the move will affect accountancy practices by those who have invested in the … [Read more...]
British trucks secures Government grant
British electric vehicle manufacturer Tevva has secured government plug-in truck grant (PITrG) eligibility for its 7.5t battery-electric truck. UK organisations looking to decarbonise operations and future-proof their fleets will benefit from a potential £16,000 discount, removed from the purchase price by Tevva. To be eligible for the grant, N2 vehicles (trucks that weigh between 5-12 … [Read more...]
Sound advice with a female accent
A vehicle leasing company says customers should be given the choice to speak with a female employee from enquiries through to sales. Devon-based company, Carparison, are offering customers the option of speaking to a female member of the team in an effort to make customers feel more comfortable when doing business with the automotive industry. Carparison’s decision follows the publication of a … [Read more...]
Leasing companies accused of overcharging ev customers
Leasing deals for battery electric vehicles are being overpriced, new analysis by T&E of the used car market finds. In the UK, leasing offers for BEVs are on average 51% more expensive than their equivalent petrol model. Leasing an electric VW ID.3 costs approximately £605 a month, whilst the petrol Golf is offered at £376. In the UK, battery electric cars have the same resale value as … [Read more...]
Government EV plan must include CVs, says industry body
The £56 million funding announced yesterday by government to increase the provision of electric vehicle charge points must create provision for commercial vehicles, according to business group Logistics UK. This will be necessary if the industry is to hasten its transfer to Net Zero, said Senior Policy Manager at Logistics UK, Denise Beedell. “Figures released in October 2022 by the Department … [Read more...]
New tech puts brakes on longer deals
British drivers are pulling back from long leases as technology improves. A third of British motorists (32%) said they are far less likely to replace their existing car by committing to a three-year lease than they were 12 months ago. Mobility provider SOGO researched attitudes towards personal financial commitments and car ownership. The Society of Motor Manufacturers and Traders said around … [Read more...]
Ten things you need to know about personal leasing
Navigating personal leasing can be overwhelming, especially with many online quotations and deals available. To ensure you get the best deal, it's essential to understand the basics of leasing and tailoring the various elements to fit your needs. With over 30 years of experience helping leasing customers source the right new cars in the UK, LeasePlan UK’s vehicle and leasing experts have … [Read more...]
Newslines 27 January: Ford to make big job cuts
A massive jobs cull in Germany and other European countries is expected by the union representing Ford workers. Some positions are expected to be axed in the UK as well while the US car maker transitions towards a fully electric range from 2025, initially slashing over 3,200 jobs in Ford of Europe, and realigning with R&D in America. Bentley Motors announced a recruitment drive creating 200 … [Read more...]