Uncertainty surrounding the new emissions-test system could help to create a degree of unpredictability in the used car market towards the end of this year and into 2019, warns the Vehicle Remarketing Association. The organisation, which represents businesses that together process more than 1.5 million used vehicles every year, says that there are two … [Read more...]
Finance News
Newslines 27 July
A new “pop-up” Mercedes-Benz showroom has opened in St David’s Shopping Centre, Cardiff in conjunction with local dealership Sinclair Group. Cars and information on the range will be displayed until 15 August along with an F1 simulator and there is also a children’s zone. The move towards electric cars is stalling because of high premiums demanded by … [Read more...]
Newslines 20 July
SsangYong is backing its faith in the new Musso pick-up by introducing a sector-leading 7-year/150,000 mile warranty. The new 7-year warranty also applies to new Rexton from 1 July and can be applied retrospectively to all new Rextons sold since launch and also all other models purchased since 1 January 2018 at a cost of £500. The RAC estimates about … [Read more...]
Tradelines 18 July
Eight years after it created the compact crossover segment, the one millionth Juke has rolled off the line at Nissan Sunderland Plant. On average, a Juke is built at the plant every 105 seconds, while three million Qashqai have been built there since 2006. Ford in America will pay the equivalent of over £226M to settle a civil actions arising from … [Read more...]
Rental & leasing companies register 83% of UK vehicles
The vehicle rental and leasing industry contributes around £49B per year to the UK economy, supports over 465,000 jobs and generates £7.6B in taxation annually. Commissioned by the BVRLA from respected research organisation Oxford Economics, the study provides some robust, independent data on the size, scope and importance of the vehicle rental and … [Read more...]
Motorists’ deep unhappiness with dealer finance services
A mystery shop of car dealerships has revealed there is nation-wide consumer confusion about car finance, stemming from a lack of transparency and inconsistent sales practices. The research by Confused.com comes ahead of the results of a review by the Financial Conduct Authority into the growing motor finance sector, which will review potential for … [Read more...]
Welsh car sales rise against the tide
Wales bucked the trend as summer burned new car dealers with sales down 3.5% in June, according to figures from the SMMT. The news came on the day that JLR said it would have to reconsider planned UK investment if there is a “bad” Brexit deal, possibly close some British factories and make thousands redundant. Six months ago, JLR announced cuts at … [Read more...]
New-car delivery delays boost nearly-new values
Demand from dealers for nearly new stock is increasing thanks to long waiting times for many new cars, reports Meridian Vehicle Solutions. Phil Jerome, managing director, explained that his company’s medium term rental model meant that it almost exclusively defleeted 6-12-month old prestige and semi-prestige cars, and so had a strong insight into this … [Read more...]
White van man is becoming a myth
IAM RoadSmart has discovered that the myth of ‘white van man’ recklessly tearing his way up and down the country may be just an urban myth after all. In spite of vans being the fastest growing type of vehicle on UK roads in terms of miles travelled, serious and fatal crashes involving them are falling. Vans and light good vehicles now travel 49 billion … [Read more...]
EVs’ Smart idea for growing numbers
More than 8 million people in Britain are considering buying or leasing an electric vehicle in the next 5 years, according to a new survey. The findings by Populus on behalf of Smart Energy GB highlight the importance of smart meters to the uptake of electric vehicles. It found: More than one third of drivers (34%) would be more interested in … [Read more...]
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