The lasting effects of how Coronavirus-19 will spread its impact through the motor industry and selling cars cannot be known, but for many it has merely sped up the changes we have witnessed over a decade, writes Robin Roberts. In a social media post this week, Lamborghini said it was never going to display at a motor show again but would instead … [Read more...]
Finance
Ghost brokers are defrauding drivers
Ghost brokers are haunting motorists, warns a Welsh business. Gocompare is warning motorists to avoid too good to be true car insurance deals on social media following concerns that fraudsters known as ‘ghost brokers’ are preying on people’s financial worries caused by the Covid pandemic. The warning comes following the arrest at the end of May, of a man … [Read more...]
Motorists treating themselves after lockdown eases
The UK used car market woke up during May with motorists treating themselves to sports and luxury cars as they came out of the 10-week pandemic lockdown period according to the latest Market Watch insights report from Indicata.uk. Consumers seem intent on having some motoring fun with money saved from cancelled holidays and reduced family running costs … [Read more...]
Newslines 18 June
The arrival of the new BMW M5 Competition sees the high-performance saloon from BMW M GmbH returning to the stage in its sharpest and most performance-focused form to date. Fusing a high-revving, 625hp 4.4-litre V8 turbocharged engine with a finely-tuned chassis that incorporates new dampers, features such as M Mode and a central information display … [Read more...]
Tradelines 17 June
Over 1,000 temporary contractor jobs are going at JLR as the executive car maker struggles to control losses as a result of the global pandemic hitting sales and it saw a downturn of £501 Million in the first quarter of the year. It has raised its cost cutting target by £1 Billion as it seeks to save £5 Billion by March including slashing capital spending … [Read more...]
Premiums are rising again, so shop around
Insurance premiums are rising again. Dan Hutson, head of motor insurance, comparethemarket.com, said, “After motor premiums reached their lowest level in over four years last month, they are now back on the rise. “The average car insurance price during May was £715, an increase of £36, or 5%, on April. As lockdown eases and more cars are returning to the … [Read more...]
Brits still love the car showroom
The reopening of car showrooms is good news for the industry, as research finds that the majority of car owners (76%) still buy their cars from a showroom, with nearly a quarter (24%) of these second-hand cars. The survey of 2,000 UK drivers, which was commissioned by InsuretheGap.com, a leading supplier of GAP Insurance (Guaranteed Asset Protection) for … [Read more...]
Top tips for dealers to safely reopen
The motor retail industry is preparing to get back to business, with car dealerships beginning to open their showrooms. But times have certainly changed over the last few months, business as usual is different and companies will need to navigate what the ‘new normal’ looks like. There’s no doubt that it will be a very different retail … [Read more...]
Hydrogren economy moves nearer realisation
Bosses from leading businesses looking to build a green recovery today vowed to invest £1.5bn in hydrogen technologies as they called on Chancellor Rishi Sunak to lay the foundations for a UK-wide hydrogen strategy. In a letter to the Chancellor the campaign group, Hydrogen Strategy Now, set out a commitment to unlocking investment, creating jobs and … [Read more...]
Jams & bigger bills for commuters
Longer jams and higher insurance premiums will welcome commuters when lockdown ends with indications of an almost doubling in private cars being used to replace public transport, particularly in Wales. Millions of drivers could see a spike in their motor insurance premiums in the coming months as the number of people driving to work increases and face … [Read more...]
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