Dealer margins are being squeezed as despite strong demand it is proving difficult to push retail prices up, according tp CAP HPI. This is due to consumers cost-of-living concerns and high used car prices from increases since the start of COVID, and especially in 2021 when values increased by c.30% on average. Plus there is strong competition from other … [Read more...]
Government is failing drive towards EVs
More than seven out of 10 car dealers (71%) say that not enough is being done to support the UK motor industry’s transition to electric vehicle manufacturing. March’s Startline Used Car Tracker shows that 50% believe that the blame lies with the government and 7% with motor manufacturers. Paul Burgess, CEO at Startline Motor Finance, said, “Electrification … [Read more...]
Price probe call into ‘rip-off’ diesel fuel
The wholesale price of diesel is now on a par with petrol yet diesel is still being sold for 17.5p a litre more on average at forecourts across the UK, reveals data from RAC Fuel Watch. The average price of petrol stands at 146.63p while diesel is 164.26p despite both fuels selling for around 114.5p on the wholesale market. In fact, on two days last week … [Read more...]
Wales’ green drive is stalling
Wales continues to lag behind rest of Britain for EV charging points Commenting on the latest Climate Change, Environment and Infrastructure Committee report, Welsh Conservative Shadow Transport Minister, Natasha Asghar MS said, “Despite their insistence on being a green government, this report highlights Labour’s continued abysmal record on electric … [Read more...]
E-fuels and the future of ICEs
e-Fuels could play a “limited role” for fleets in the future, says FleetCheck, especially in applications where electric vehicles might remain impractical. The fuels – designed to be carbon neutral – have hit the headlines over the last week after several EU countries asked them to be included in future car production legislation, circumventing a 2035 … [Read more...]
Britain risks running out of EV innovation – car makers
Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders warns in a new blueprint. The call comes as other countries significantly power up political and economic backing for their own automotive … [Read more...]
Used fleet-evs are slowly shifting
Ex-fleet electric vehicles are taking more than twice as long to sell as internal combustion engine models, according to new data from epyx, but the situation could change relatively quickly, the company added. Figures drawn from its 1link Disposal Network platform show that petrol cars and vans are taking an average of 10 days to sell, and diesel 11 but … [Read more...]
Hertz backs Greenfleet EV event from Wales
Hertz has joined forces with Greenfleet, as the Official Vehicle Partner for its 2023 EV Rally 3-7 July. Hertz will provide electric vehicles for the five-day event that goes across the five capital cities in the UK and Ireland to highlight the real-world capabilities of electric vehicles and track the progress being made with charging infrastructure in … [Read more...]
Tradelines 22 March
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 … [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 … [Read more...]
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