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, … [Read more...]
Finance News
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 … [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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
Ford’s £1M legacy payout to Bridgend
A £1 Million charity payout has been allocated to local communities recommended by workers at the Ford Bridgend Engine plant, which closes next month. A skeleton staff is running down the operation after it stopped making engines in September and the site will close after 40 years of production as part of a reassessment of its European operations. Over … [Read more...]
Welsh lockdown badly hits car dealers
The firebreak lockdown has wiped 25% off new car sales in Wales, revealed figures from the Society of Motor Manufacturers and Traders. It is a warning to England which has just gone into a month's lockdown as opposed to the fortnight shutdown in Wales which ends on monday after 3,677 new cars were sold by Welsh dealers in the three weeks they could open … [Read more...]
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