Lawyers for 70,000 UK motorists have won the first stage of a High Court action against Volkswagen UK over the installation of emissions cheating devices in its diesel vehicles. In December the court was asked to rule whether software installed in the cars was a "defeat device" under EU rules and in a judgement on Monday, Mr Justice Waksman ruled that it … [Read more...]
Finance News
Warning for motor industry future as Aston Martin take orders
The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association. This figure only refers to those people directly employed by car, truck, van and bus manufacturers – the impact on the wider … [Read more...]
Motorists want to buy from stock not wait – survey
Analysis of website carwow visitor trends between 17 and 25 March reveals that car buyers are increasingly considering in-stock vehicles, as concerns over new car availability and delivery times sway consumer purchase decisions. A survey of 440 motorists conducted a week ago revealed that 80% of buyers would prefer to buy a new car available immediately … [Read more...]
Tradelines 1 April
Recent prices of new and used SUVs and Crossovers have been tumbling, say analysts at Cazana. With forecourts shut due to the coronavirus epidemic the emphasis has moved on-line and canny buyers are carefully shopping around for the best deal so sellers have to respond or lose the business and Cazana said it may well be a common trend in the coming weeks … [Read more...]
Penalties and problems looming for fleets
Thousands of vehicles and hundreds of fleets will struggle to meet incoming stringent emissions legislation and pay the price, a survey shows. Around 5.3% of company cars and vans being operated by customers of FleetCheck only meet the Euro 4 emissions standard or older, according to a new analysis. A further 18.2% of vehicles from the total sample of … [Read more...]
Cazana’s Dealer Survival Guide
The motor trade is one of the world's toughest business sectors but the current Coronavirus is putting incredible strain on the entire sales stream and getting good advice is essential to keep businesses going. Here are five points to consider: Stay Safe Abide by the Government rules and close your dealership to help stop the spread of COVID-19 and keep … [Read more...]
World car production and sales plunge
IHS Markit forecasts used by automakers and suppliers for strategic decisions has downgraded its assessments across "virtually all regions." It called the coronavirus pandemic "the single biggest risk factor facing the auto industry for many years," reports Automotive News Europe. Global sales will fall by more than 12 percent this year to 78.8 million … [Read more...]
Fleets urged to take renewable fuels route
A new guide from the Low Carbon Vehicle Partnership for fleet operators shows how renewable fuels can immediately cut greenhouse gas emissions in road transport, particularly from commercial vehicles for which few low emission solutions are currently available. While the focus has been mainly on vehicle electrification for meeting the UK’s net zero … [Read more...]
Tradelines 25 March
Petrol prices crashed to an 18-year low this week. Falling oil wholesale cost saving are now reaching forecourts and Morrison’s has slashed 12ppl petrol and 8ppl diesel with prices at about 104ppl and 111ppl respectively, says the RAC, which is urging drivers to only go out if vital and support small independent retailers if they can. National Express … [Read more...]
Car makers want urgent comprehensive support
The effect of the coronavirus on society and the global economy is unprecedented with grave consequences for the automobile industry, say European car makers. Indeed, most of the members of the European Automobile Manufacturers’ Association have already announced temporary closures of plants due to collapsing demand, supply shortages, and government … [Read more...]
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