Residual values of used cars with manual transmission are in decline, with some models worth as much as 21% less than their automatic equivalents and fewer manual cars for sale in 2024 than ever before, reports Car Dealer magazine. Among the manufacturers that no longer offer any new models with manual transmission are Volvo, Mercedes, Jaguar and Lexus, all … [Read more...]
Finance News
Hydrogen HiLux moves closer to realisation
A ground-breaking project to develop a hydrogen fuel cell Toyota Hilux pick-up has moved to its final phase, signalling another milestone in Toyota’s progress towards a zero carbon future. Since the unveiling of the first prototype vehicle in September 2023, Toyota and its consortium partners supported by UK Government funding have successfully progressed … [Read more...]
New vans shortage spurs second-hand sales
Four out of 10 fleets plan to start utilising second hand vans in the next three years, according to new figures. The research also shows that 16% of operators are already using preowned light commercial vehicles. The findings are taken from the 2024 Arval Mobility Observatory Fleet & Mobility Barometer, which questioned 8,605 businesses in 30 … [Read more...]
Welsh car workers get more pay and work less
Employees at Aston Martin St Athan have been given a pay boost and have working hours reduced. Aston Martin has completed a new long-term agreement with Unite, increasing pay for its valued employees whilst committing to reduce the contractual hours of manufacturing technicians in 2025 to promote a positive work-life balance. More than 2,500 eligible Aston … [Read more...]
Newslines 10 June
The Volkswagen Group is entering a new business segment with the Elli charging and energy brand and will develop, build and operate large-scale stationary storage systems together with partners along the value chain. The largest projects in the Elli project pipeline currently have a capacity of up to 350 MW and a storage capacity of 700 MWh, which will … [Read more...]
Covid cars masking missing features
Cars made during the pandemic with irregular specifications are causing valuation issues as they start to appear on the used market, says the Vehicle Remarketing Association. It is causing a headache for dealers and annoying customers who think they are getting models with higher specifications than is the case. Marcus Blakemore, chair of the trade body’s … [Read more...]
New government must power up EV affordability
Half of motorists (50%) say the government should do more to make electric cars affordable, according to new research. June’s new Startline Used Car Tracker also finds that 35% believe action should be taken to make electric cars easier to buy, 34% that more money should go into making chargers more widely available, and 26% that power from chargers should … [Read more...]
Young drivers hit with premiums over £3,000
The cost of car insurance for a 17-year-old motorist who has just passed their driving test has reached £3,075 on average, according to new research from Compare the Market. This is a substantial £1,071 increase, or 53%, in the typical cost of car insurance for a 17-year-old from last year's £2,004. The average cost of car insurance for a driver with a … [Read more...]
Emissions are biggest upcoming challenge for fleets
Implementing zero emissions policies will be the number one issue facing fleets over the next three years, according to new research. Almost four out of 10 (39%) fleet decision makes named this as their biggest challenge, followed by adapting to low emissions zones (38%), adjusting to restrictive public policies on petrol and diesel (37%) and mitigating … [Read more...]
Businesses buying rise in UK car sales
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders. With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019. Fleets and businesses continued to … [Read more...]
- « Previous Page
- 1
- …
- 57
- 58
- 59
- 60
- 61
- …
- 219
- Next Page »
