Mitsubishi Motors UK is encouraging the take up of ultra-low emission vehicles by offering up to £4,500 off the price of a new Mitsubishi Outlander PHEV if customers agree to have their old trade-in vehicle scrapped. Any trade-in vehicle, registered before January 1 2013 and owned by the seller for 90 days is eligible for the offer, subject to terms and … [Read more...]
Finance News
Newslines 26 November
Car sales in Europe will grow for the sixth year and be the highest in the last decade. VW leads from Renault and Ford, according to statistics analysed by Focus2Move and diesel is sliding while petrol is growing along with electric and hybrids. Academics and engineers are joining to trial pothole monitors in council, pubic service and taxis … [Read more...]
Plugging the gap to EV deliveries
A new trend has emerged in medium-term rental where it is being used to offset electric vehicle waiting times, says Meridian Vehicle Solutions. With orders for many EVs running into six months and longer, there was a market requirement for some form of cost-effective company car provision during the interim, explained Phil Jerome, managing director … [Read more...]
Used models are key to success next year
Maximising opportunities in the used car sector is likely to be essential to maximising franchise dealer profitability in 2020, says epyx. The company, which delivers the 1link Disposal Network remarketing platform, says that the new car market is unlikely to stage a recovery – but used demand should stay consistent. Vicky Gardner, head of remarketing at … [Read more...]
Petrol & diesel popularity dominates buying plans
Petrol and diesel cars will dominate vehicle sales in the foreseeable future, according to a poll for information agency Somo. Despite the environment being the biggest driver for switching to an electric vehicle, new research by digital transformation agency, Somo, has identified that the interest in petrol vehicles is not declining. In fact, … [Read more...]
Young driver premiums are falling
With the cost of getting a young driver on the road climbing to nearly £7000 this year, choosing the right car and car insurance can have a significant impact on how much new drivers must pay to stay mobile. The good news is that one comparison site has found average car insurance premiums for drivers under 25 are falling. In the first eight … [Read more...]
Auction slowdown expected as normal
Supplies of used models will go down over the next few months as dealers traditionally hold off putting them in auctions. “Half of respondents in this month’s NAMA survey are expecting volumes to fall over the coming month. Volumes of vehicles arriving at auction centres generally reduce towards the end of the year, and this year appears to be no … [Read more...]
Used cars sales rebound
The SMMT said used car sales rose 0.9% in Q3 after nine quarters of decline. Some 2,076,382 transactions took place between July and September, 18,925 more than the same period in 2018. Demand for diesel models was up 1.4% in the quarter with 858,442 changing hands, while petrol sales were flat with a slight drop of -0.2%. Plug-in electric and hybrid … [Read more...]
Falling out of PHEV or bridging a gap
The issues facing the British car market with the decline in Plug-in Hybrid Electric Vehicle sales in the UK this year has been outlined to media by Conor Twomey, General Manager Internal Communications and Government Affairs for Mitsubishi Motors in the UK. Mitsubishi with their Outlander PHEV more or less pioneered the launch of the PHEV market quickly … [Read more...]
Tradelines 13 November
Nissan profits have collapsed by 70% in three months. It made $278M to the end of September with retail sales down 7.5% globally, European registrations slid 23% but sales showed a steadying picture in America. JLR is looking for partners to share new technology and other costs, say media reports. BMW and Zhejiang Geely are mentioned but others may be … [Read more...]
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