A new report that indicates SUVs have become a major source of increases in CO2 emissions during the last few years should prompt businesses to consider their role on company fleets. Fleet software company FleetCheck says that the International Energy Agency document shows that growing demand for SUVs was the second largest contributor to increases in … [Read more...]
Finance News
New car sales fall is not the full picture
The SMMT figures this morning show a 6.7% fall in new car registrations in October. They do not tell the whole story though, says an industry watcher. Seán Kemple, Director of Sales at Close Brothers Motor Finance, said, ““Disappointing sales figures this month, slightly down once again, point to a lack of confidence among consumers. Larger, more … [Read more...]
Dunton now Ford of Britain HQ
Ford has renamed its Dunton Technical Centre in Laindon, Essex, to Dunton Campus, Ford Britain, to highlight its new role at the centre of the company’s activities in Britain. The Dunton Campus becomes headquarters of its European Commercial Vehicles business group and home to light commercial vehicle engineering, powertrain engineering, Ford of Britain … [Read more...]
Technology overwhelming small traders
Used car dealers are being blitzed with new IT hardware and software to an extent that used car dealers’ efficiencies could be impacted when adopting new technology, according to V12 Vehicle Finance. As part of its road map to develop and launch its used stock funding, dealer stocking and consumer finance proposition, the V12 team researched the sector to … [Read more...]
Electric cars surprise running costs
Electric cars travel up to three times the distance of their petrol or diesel rivals for the same amount of money, according to research. With interest in electric cars rising, many potential buyers are left confused by the way running costs are explained, with ‘miles per kWh’ difficult to compare to ‘miles per gallon’. To help consumers, car reviews and … [Read more...]
Dealers to be banned from some car finance
The Financial Conduct Authority plans to ban the way in which some car retailers and brokers in the motor finance sector receive commission. Currently, some motor finance brokers receive commission which is linked to the interest rate that customers pay. The broker can set that rate and the FCA found that the widespread use of this type of commission … [Read more...]
Vital deal on Brexit must be achieved, car dealers told.
It is vital that the government agrees a Brexit deal with the EU, retailers have been told. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs, said RMI Chairman Peter Johnson, speaking at this … [Read more...]
Kia roll out money and finance savings
Kia has announced its new range of offers for Q4, available throughout its 190-strong dealership network until the end of the year. Customers taking a test drive in the Sportage between now and the end of December will benefit from an additional £500 saving if they go on to buy any model in the Sportage line-up. All Sportage diesel models now benefit from … [Read more...]
Road tolls talk resumes
The Transport Committee want to start a national debate about road pricing. Talk on future tolls has been lacking for more than a decade since the then Labour Government’s road pricing plans were abandoned. This is in advance of an inquiry to be formally announced in early 2020, when the Committee will invite views from across the country from drivers and … [Read more...]
“Serious” state of nearly-new cars reported
New car discounts and big pre-registrations of technically outdated models have distorted the used car market and it has become what analysts are calling “a serious event” in the trade. The UK used car market has seen a significant shift in pricing in the sub 12-month-old sector. Retail pricing has seen a marked decrease with a 7-percentage point downturn … [Read more...]
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