Automotive suppliers’ business sentiment reached an all-time low in the CLEPA McKinsey September 2022 Pulse Check. About 70% of suppliers saw their profitability drop to levels that could already start undermining their ability to invest in R&D, the workforce and new business activities. Three consecutive years of crisis have eroded the financial … [Read more...]
Finance
Tradelines 30 November
The excessive margins being taken on fuel by the UK’s four big supermarkets have been further called into question as the RAC discovered membership-only retailer Costco has reacted to the falling wholesale market by cutting its petrol by 8p a litre to 147.7p– 12p less than the average price of a litre bought at a supermarket and 14p lower than the UK … [Read more...]
Newcomer: Lexus flagship refined
Lexus’s flagship LS limousine will deliver an even more refined experience in an updated model range from March 2023. The principal change is the adoption of the new Lexus Link Pro multimedia system, with additional functions and seamless connectivity. Fitted as standard to all LS versions, it allows everyone on board to interact with the system through a … [Read more...]
Ford Fiesta is good second hand buy if you’re careful
After 47 years, Ford has announced it will stop manufacturing its iconic Fiesta model in June 2023 despite being Britain’s most-owned car and the most desirable for new drivers. That’s because the company is focused on its electric future and meeting the demand for its SUV models. The Fiesta is also a firm favourite among first-time drivers, thanks to its … [Read more...]
Newslines 28 November
Government plans that could see novice drivers being allowed to automatically drive lorries have been condemned by the UK’s leading independent road safety charity, IAM RoadSmart. A recent government consultation suggested that drivers who possess a category B car licence should be instantly entitled to a category C1 licence, which allows motorists to … [Read more...]
Tradelines 23 November
Heading towards the first Lamborghini super sports ‘all terrain’ unveiling at Art Basel in Miami Beach, Automobili Lamborghini celebrates the Huracán Sterrato that arrives on the market in 2023. Conceived, designed and engineered to explore any terrain, the Sterrato is the forerunner of Lamborghini’s ‘Driving Humans Beyond’ concept: visionary working … [Read more...]
BEVs are weakest in used car market, say traders
Overall, the used car market is in a strong position heading towards the tail end of the year, said Paul Hill National Association of Motor Auctions spokesman. Whilst the lack of new car registrations in the past two and a half years has stemmed the supply of used cars for forecourts, values reaching record heights has balanced this out. "NAMA Members are … [Read more...]
Supermarkets profiteering with fuel prices, claim RAC
Amid the worst cost-of-living crisis in four decades drivers are being denied cheaper fuel by the UK’s biggest retailers refusing to lower their forecourt prices to reflect far lower wholesale costs claims the latest RAC Fuel Watch report. In a shocking example of ‘rocket and feather’ pricing RAC Fuel Watch data shows supermarkets are currently enjoying … [Read more...]
Newslines 22 November
Chinese car makers have Europe in their sights with highly specified, lower priced cars which come with the highest safety ratings as well such as the NIO ET7. Matthew Avery, director at Thatcham Research, a British car research centre funded by insurers and a Euro NCAP board member said the latest testing regimes had given top awards to a handful of … [Read more...]
QR code scam warning to motorists
Drivers are being urged to remain vigilant of car park scams that are on the rise across the UK as criminals target cashless payment systems. Many car parks now operate a totally cashless payment system and instead use a QR code scanning system similar to the ones that became widespread during the Covid pandemic. However, fraudsters have now begun … [Read more...]
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