New car sales figures released yesterday show Welsh dealers suffered slightly more than their UK colleagues. The national sales downturn was 35%, those in Wales dipped 38.07% as totals slipped from 7,754 in June 2019 to 4,802 this year and best seller in Wales was once again the Vauxhall Corsa (right). Second and third were the Toyota Yaris and Ford … [Read more...]
Finance News
Motorists taking risks with insurance ignorance
Millions of drivers have no idea exactly what their car insurance policy covers as one in four simply let their other half deal with it. A study of 2,000 UK motorists found one in 10 are clueless about whether they are covered for things like driving their car for business use, if they have windscreen cover or if they can drive other vehicles. Worryingly, … [Read more...]
New car sales edge upwards
New car sales have started a slow recovery. British new car registrations fell by 35% in June as many dealerships reopened after coronavirus lockdown measures were lifted, but the Welsh and Scottish showrooms' openings were delayed until the end of the month and this affected figures. A total 145,377 new cars were registered in June, leaving accumulated … [Read more...]
Newslines 6 July
Wales 5-miles guidance on travel during the lockdown ends today. In a bid to help tourism, self-contained accommodation can reopen but not hotels or guest houses and only takeaways and restaurants with outside dining can operate at the moment in Wales before restricted opening of pubs and clubs is allowed. The Financial Conduct Authority in Britain is … [Read more...]
Cardiff-led consortium win £44m for CS chip cluster
A Cardiff University-led consortium has won a £43.7m bid to develop a Compound Semiconductor powerhouse in South Wales which will help future automotive, communications and transport systems among other industries. Government funding provided through UK Research and Innovation’s flagship Strength in Places Fund will build a world-leading cluster of … [Read more...]
Wales’ Ineos Grenadier 4×4 unwrapped
This is the new Ineos Grenadier. INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world, as another step on the road towards start of production. Heavily influenced by the previous Land Rover Defender loved by Ineos boss Sir Jim Ratcliffe, it will be built in a new factory at … [Read more...]
Covid-19 virus impact being felt as time passes
The true impact of the Covid-19 lockdown and loss of new car production is beginning to be appreciated. UK showrooms closed for over 12 weeks but the factories making cars closed for varying periods of time and this contrasted with other parts of the world where the impact was much less. Although the global automotive industry has been hard hit due to … [Read more...]
Lenders worried over extension of deferred loans
Helping customers through this difficult period remains a priority for lenders, but with more parts of the economy reopening, lenders also have a responsibility to transition customers back to regular payments where possible, said Stephen Haddrill, Director General of the Finance & Leasing Association. Commenting on the publication of new proposals from … [Read more...]
Come aboard & join the fleet
A call has gone out to fleet managers to help influence the industry’s future by joining one of the Association of Fleet Professionals’ seven new committees. Covering Electric Vehicles, Low Carbon and Alternative Fuels; Light Commercial Vehicles; COVID-19; Government Bodies and Trade Associations; Road Use and Planning; Risk and Compliance; and Future … [Read more...]
168,000 automotive jobs under threat say SMMT
One in six jobs are at risk of redundancy without help from the government in restarting production of the automotive sectors, said the Society of Motor Manufacturers and Traders. The SMMT wants emergency funding, permanent short-time working, business rate holidays, and VAT cuts to stem the flow of job losses as showroom reopen and production lines are … [Read more...]
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