The eagerly awaited Autolink networking event organised by the Welsh Automotive Forum will be held on 27 September at Cardiff City Stadium, Leckwith. It brings together key suppliers and automotive component makers, potential investors and specialists with a session of presentations, opportunities to discuss ventures and see the latest products created for … [Read more...]
Finance News
Newslines 22 July
With new multi-million pound backers from the Middle East, Aston Martin is giving its marque a new marketing strategy and reworking of its iconic winged badge. Designer Peter Saville has restyled the badge which is still produced in the Birmingham jewellery quarter. Channel Tunnel traffic has soared and pushed its operator’s income 206% over the previous … [Read more...]
Reducing risk of plunging fleet values
The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding vehicles is via a … [Read more...]
Tolls to replace lost fuel duties and taxes
Road tolls are back on the Government's agenda. The fleet sector needs to start having a constructive discussion about the likelihood of road charging being introduced in the future and the kind of scheme it would like to see, says FleetCheck. Peter Golding, managing director at the fleet software specialist, said that the rapid growth in electric vehicles … [Read more...]
Softening of demand for cars is concerning
The cost of cars is by far the top priority for car-buyers as the cost of living crisis bites, according to new findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey. Almost three quarters of dealers (74%) put the cost of the car at the top of the list of customer priorities when looking to buy, followed by the mileage (26%). Other … [Read more...]
MG announce revised electric models
MG has confirmed full pricing and specification of the new MG5 EV estate, available to order now with the first deliveries expected before the end of 2022. Reflecting MG Motor UK’s Get More trademark, buyers can choose between two specifications, both featuring fantastic levels of standard equipment, with the SE priced at just £30,995 and the Trophy at … [Read more...]
Newslines 15 July
Mercedes-Benz will continue holding a stake in Aston Martin through an investment fund. Aston Martin said today it was looking to raise £653 million pounds through a right issue to shareholders, bringing in Saudi Arabia's sovereign wealth fund as its second-largest shareholder after the Lawrence Stroll controlled Yew Tree Consortium and Mercedes-Benz AG … [Read more...]
EV interest growing, but there’s range anxiety
A quarter (26%) of car hirers would like to hire an electric car to test one out, and a fifth (20%) would like to ‘do their bit’ for the environment (17% men and 23% women). However the survey carried out by Opinium, on behalf of iCarhireinsurance.com, a leading provider of stand-alone car hire excess insurance, did find some barriers to hiring an … [Read more...]
Seven in ten stolen cars never recovered
Seven in ten stolen cars are not now recovered with sophisticated gangs stealing them and breaking for parts and a lot of money, according to the latest study. One of the most popular to pinch because of easily bypassed security system is the Range Rover and its also one of the most expensive worth a lot in stripped out parts sold on the black market to … [Read more...]
Premiums rising again after coasting
The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as … [Read more...]
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