Toyota and Lexus have confirmed they ‘currently have no plans’ to change their franchise agreements with dealers and move to agency sales. Pressed on the matter, a spokesperson for Toyota and Lexus stressed that agency sales – where the manufacturer would take on the sale of cars directly to consumers itself – was ‘not in the plan at all’. In an exclusive … [Read more...]
Finance News
Britain risks running out of EV innovation – car makers
Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders warns in a new blueprint. The call comes as other countries significantly power up political and economic backing for their own automotive … [Read more...]
Used fleet-evs are slowly shifting
Ex-fleet electric vehicles are taking more than twice as long to sell as internal combustion engine models, according to new data from epyx, but the situation could change relatively quickly, the company added. Figures drawn from its 1link Disposal Network platform show that petrol cars and vans are taking an average of 10 days to sell, and diesel 11 but … [Read more...]
Tradelines 22 March
Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward … [Read more...]
Testing time runs out for MoT change view
A split is developing over the Government’s proposal to extend the first MoT Test from three to four years. Consultation on the proposal ends tomorrow night. The Independent Garage Association (IGA) has responded to the Department for Transport’s (DfT) consultation proposing changes to the MOT frequency and other MOT enhancements. Stuart James, IGA Chief … [Read more...]
Newslines 20 March
Bentley Motors revealed record financial results for 2022, with operating profits up nearly €1 billion compared to 2018. The latest annual figures show a profit of €708 million, representing an 82 per cent growth in profit from a four per cent growth in volume while turnover reached €3.38 billion, up 19 per cent over the same period and the announcement … [Read more...]
Learners facing bills over £11,000 to get motoring
New drivers are the latest to face the brunt of the cost of living crisis. Research from CarMats.co.uk reveals £11,375 is the average price tag for those learning to drive and purchase a car in 2023. New drivers are expected to pay over £11,000 before even getting on the road. According to the RAC, it will take the average learner 45 hours of … [Read more...]
Tradelines 15 March
Jaguar will slash its dealer sites from about 80 today to under 20 within two years as it moves to an all-electric line up, sources have told Car Dealer magazine. The existing dealerships will have to consider selling only Land Rover models while the Jaguar range is developed but seen as taking much smaller role and the move will affect accountancy … [Read more...]
Sound advice with a female accent
A vehicle leasing company says customers should be given the choice to speak with a female employee from enquiries through to sales. Devon-based company, Carparison, are offering customers the option of speaking to a female member of the team in an effort to make customers feel more comfortable when doing business with the automotive … [Read more...]
Vehicle makers want EU emissions move
The European Automobile Manufacturers’ Association want the European Commission and the Council to come to a resolution to the current impasse on the EU legislation on CO2 emissions from cars and vans. It was due to be signed into law in early March and the car makers' bodoy says the fundamental transformation for the European automotive industry needs … [Read more...]
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