Road surfaces will have to be recycled along with old signs as part of the Government drive towards a greener future, says one engineering company. Rishi Sunak set out his first Spending Review against the backdrop of an economy ravaged by the effects of Covid-19. The Chancellor announced measures to support Boris Johnson’s “levelling-up” agenda with the publication of the National … [Read more...]
Finance News
Three ways to Invest for a New Car Purchase
A couple years ago, it wasn’t uncommon to speculate about an era without personal vehicles. Ride-sharing businesses were soaring, eco-friendly public transportation initiatives were being discussed in more major cities around the world, and it was becoming almost trendy to muse about giving up your car and the expenses that come with it. A future like that may still come to pass. It could be … [Read more...]
UK specialists’ EV technology & weight challenge
In just nine years all new cars sold in the UK will have to be fully electric, or in some cases still to be clarified, hybrid. But where does that leave the specialist car companies of Britain, who have shaped a disproportionately large part of our nation’s automotive identity? Electrification poses a number of challenges for makers of specialist cars, most notably the weight and cost of the … [Read more...]
Bumpy road to low carbon future, say experts
The UK Government’s drive towards electric cars and a low carbon future faces a bumpy journey, say experts. Car-makers said they are committed to them and invested billions but the challenge of the next nine years is “immense”, according to Mike Hawes, SMMT chief executive. "We are pleased, therefore, to see Government accept the importance of hybrid transition technologies – which drivers are … [Read more...]
Car trade shake up from 1 January
Car trades between Wales, England and Scotland to Northern Ireland face a shake up at the end of December. The issue arises from the status of VAT margin schemes for goods moved between GB and NI from 1 January 2021. This will apply regardless of whether there is a free trade deal agreed between now and December 31. Margin schemes enable traders of used goods, such as vehicles, to pay VAT based … [Read more...]
Covid-19 has failed to contain car auctions
UK motor auctions have told the National Association of Motor Auctions it is ‘business as usual’ despite the four-week lockdown in England and the additional restrictions across the country. NAMA has recently held a member meeting where auctioneers discussed the challenges facing their businesses due to COVID-19 and analysed the current and future state of the market. The majority of businesses … [Read more...]
Tolled roads warning from motoring bodies
British motorists are likely to be facing a new national tolled roads system. The scheme is being put forward again to offset losses from falling fuel duties and taxes, which accelerated during the lockdowns. They left a £40 Billion hole in Government finances and this week it's expected and reported by national media that the tolled roads system will be unveiled in a green industry paper on … [Read more...]
Car importance now greatest
More than half of UK drivers (57%) say having access to a car is more important than it was before the coronavirus pandemic, with reluctance to use public transport in the future at its highest level in 18 years, research for the RAC’s annual Report on Motoring has found. Two-thirds of drivers in three specific groups – young drivers, those with fewer than 10 years’ driving experience and people … [Read more...]
Operating guides for dealers
NFDA is creating a new series of ‘hands-on’ guides to provide franchised dealer members with straightforward, operational guidance on the main issues affecting them, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. After analysing our daily legal enquiry reports, NFDA has launched a new series of operational guides covering some of the key areas which have been … [Read more...]
Used electric cars now growing sales
Second-hand battery and electric cars are being sought by drivers, says the Society of Motor Manufacturers and Traders in their latest report on the used car market. The UK’s used car market increased by 4.4% in Q3 after two consecutive quarters of decline, according to the latest figures published today by the SMMT. During the busiest quarter since the end of 2016, some 2,168,599 transactions … [Read more...]
