Outstanding manufacturer recalls could be the next issue of interest for Trading Standards in the used car sector, says the Vehicle Remarketing Association. The organisation, which represents businesses that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that it has received reports of dealers being asked … [Read more...]
Finance News
New car market collapse concerning, say experts
UK new car registrations declined for a fourth consecutive month in June, with year-on-year demand falling by -4.9% to 223,421 units, according to the Society of Motor Manufacturers and Traders. Some 1,269,245 new cars joined British roads in the first half of the year, down -3.4% as ongoing confusion over low emission zones and diesel, the removal … [Read more...]
Younger buyers moving away from traditional purchase
Paying upfront for a car is increasingly falling out of favour with UK drivers according to the new Britain Under the Bonnet report from Close Brothers Motor Finance. In the past year, the proportion of drivers saying they will opt for finance, leasing or renting for their next car has increased by 15% (from 37% in 2018 to 43% now). While paying for a car … [Read more...]
Tradelines 19 June
A recall has been ordered for Adam and Corsa models in Germany. Authorities believe 210,000 models may exceed NO2 levels in real world conditions across Europe and that’s likely to include thousands sold in the UK. There are hopes that FCA will be able to revive its bid for a deal with Renault, subject to Nissan support. The French Government would … [Read more...]
UK new car sales drop
The UK new car market declined by -4.6% in May with 183,724 units registered, according to the Society of Motor Manufacturers and Traders. The fall reflects continued uncertainty over diesel and clean air zones as well as the removal of incentives for plug-in hybrid vehicles and the underlying economic and political instability continues to affect … [Read more...]
Shortage of good stock emphasises preparation
An increasing shortage of good quality stock in the used car sector means that there is a growing emphasis being placed on vehicle preparation for sale, says the Vehicle Remarketing Association. The organisation, which represents businesses that between them handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, … [Read more...]
Insurance is covering criminality
Valid motor insurance is proving to be as valuable a disguise for today’s criminals as stockings over the head or a mask was years ago. Using a stolen identity to take out cover, their vehicle details are added to the Motor Insurance Database, allowing them to drive around without attracting police attention. Stealing an individual’s ID and taking out … [Read more...]
Recharging car and your bank account
Cenex launched a detailed analysis of the costs and opportunities of Vehicle to Grid (V2G) charging of electric vehicles (EVs). The report from the technology group found that bidirectional V2G charging, which sees vehicles provide energy from their batteries to the grid when plugged in, delivers greater value and revenues than unidirectional Smart … [Read more...]
Rich & poor divide appears in EV sales
A rich and poor divide is splitting sales of electric cars. The European Automobile Manufacturers’ Association (ACEA) has published new data highlighting the correlation between the affordability of electric cars and their market uptake. This ACEA analysis compares national data on the sales of electrically-chargeable vehicles (ECVs) with GDP per … [Read more...]
New car sales’ steep fall in Wales
New car sales have fallen the steepest in Wales during April, says the SMMT. They dipped over 10% compared to the same month last year to 5,379 new models registered and in Britain as a whole sales slipped just under 4% with 160,606 registrations, and Wales's best sellers in April were: Fiesta, Focus, Kuga, Qashqai, Ecosport, Polo, A-Class, Duster, … [Read more...]
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