Filling stations are in for a summer bonanza with repaid business rates after a Supreme Court ruling. The Supreme Court has ruled in favour of retailers, meaning that they will now be rightly owed around £500 million in business rates refunds, said Brian Madderson, Chairman of the Petrol Retailers Association. He was speaking after the Supreme Court’s … [Read more...]
Finance News
Dealers plea for Government help
Six in ten car dealers want prolonged support with grants and loans from Government. New research from Close Brothers Motor Finance reveals the priorities across the motor industry as they call for further Government support in light of Covid-19. The sector has been hit particularly hard by the UK lockdown, with new car sales plunging 97% year-on-year in … [Read more...]
Car makers move to save extinction
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers and component suppliers, as well as … [Read more...]
Tradelines 20 May
The French Government has reiterated it will only assist car makers coping with the pandemic fallout if they are producing and promoting low carbon polluting models. The big boost to electric vehicles is designed to be supported by a new scrappage scheme and replacement with evs. The Independent Garage Association (IGA) has written to the Secretary of … [Read more...]
UK Global Tariff outlines trade after Brexit
Britain has outlined how it plans to trade with the world after it leaves the European Union at the end of 2020. It will replace the European Union’s external tariff with a 10% duty on cars but cut tens of billions of pounds of supply chain charges. This will pave the way for trade deals with the United States and the Brussels-based bloc, helping JLR in … [Read more...]
Your job comes at a premium for insurers
Vanarama has analysed the UK's 100 most common job titles to reveal which occupations are considered most high risk by car insurance companies therefore charged the most for premiums and there are some surprising findings. To do this, they entered the average UK’s drivers details into the UK's largest car comparison website 100 times, changing only the job … [Read more...]
Following the wheels-tracks of Romans
New innovative solutions are being introduced to water-proof British roads, therefore helping to provide permanent pothole repairs. Mastic is an adhesive that Romans had previously used to waterproof their ships, but is now adapted for pothole repairs through new breeds of mastic asphalt in the UK. Roadmender Asphalt, a Sheffield-based bitumen technology … [Read more...]
Sunday drive: On the road and in the news 17 May
Another week has gone by and here I am still keeping calm and carrying on despite very mixed messages from our Government about what we can or should do during now it appears slightly relaxed semi lock-down period, says David Miles. But no longer is it the same rules in each of our four domestic countries, so that's really clear. With no sign of new … [Read more...]
Counting the costs of Coronavirus
The coronavirus lockdown has left many households living on significantly reduced incomes. As a result, millions of drivers are struggling to meet the cost of running their car, while a significant minority (4% = 1.3 million) say they will be forced to sell their vehicle. GoCompare Car Insurance is offering practical, actionable advice to drivers … [Read more...]
Auto Vivendi get into gear again
An exclusive high performance car club is beginning to rev up for a post lockdown boom. In line with the latest government guidance that those who live in England can start driving outside their local areas again, Auto Vivendi announced that it's re-commenced operations at the Club and will be delivering cars to members from this week. With this in mind, … [Read more...]
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