Drivers in Wales are ahead of the UK. It’s the only part of the country to record car sales rising in September, when they went up 2.15% and contrasted with a maximum decline of 5.21% in England. New car registrations last month were down overall in the UK by 4.44% to 327,732 but in Wales they rose to 12,135 new cars, easily passing the 11,880 in … [Read more...]
Finance
Newslines 6 October
Mazda Your Way is a new national scheme to help prospective owners tie up with a local dealership. After a pilot in London, Mazda Your Way permits remote connections from initial enquiry to final purchase and delivery of their chosen car. Midlands and North East car plants of Toyota and Nissan have reportedly asked the UK government to reimburse them if … [Read more...]
Vans deliver good returns in September
Home deliveries have delivered for the UK van market. Sales of light commercials grew by 26.4% in September following a weak month last year, when the market was affected by emission regulations changes. “It is encouraging to see the van market experience an uplift in registrations of over a quarter indicating that a degree of confidence has returned to … [Read more...]
Drive begins to save apprenticeships
The Society of Motor Manufacturers and Traders Charitable Trust Fund has launched the SMMT Apprentice Support Programme, designed to help safeguard the jobs of apprentices currently working within the automotive industry. The scheme comes as the government-funded furlough scheme is poised to end in a month’s time, to be replaced by new measures to … [Read more...]
Potential potholes for planning ahead
The impact of the coronavirus crisis and potential effects of Brexit are making planning beyond the short term almost impossible in the remarketing sector. So reports the Vehicle Remarketing Association (VRA), which points out that the currently booming market is arguably obscuring the potential dangers that lie ahead. Chair Sam Watkins said, “As has been … [Read more...]
Businesses stretch to survive
New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height … [Read more...]
£1 Billion plan to support auto supply chain
The Automotive Transformation Fund is a programme that aims to establish a competitive and sustainable UK Supply Chain. It offers a share of up to £1 billion of funding for industrial research and capital projects to support the industrialisation of a high-value, electrified automotive supply at scale. This is an expression of interest (EoI) competition … [Read more...]
Key workers and unemployed hit by insurance costs
People unemployed and some ‘key worker’ professions face significantly higher car insurance premiums because of their job or employment status, according to new analysis by comparethemarket. A policy for someone who is unemployed was 40% higher than a comparative policy for an employed person, or 54% higher than an HGV driver which is the cheapest … [Read more...]
Thieves out to burst your holiday bubble
Wales-based comparison site GoCompare warns that fraudsters are targeting the boom in motorhomes and caravans. There’s been a dramatic rise in the number of insurance quotes for motorhomes and campervans as frustrated holidaymakers scramble to get away safely and independently. After months in lockdown at home people are eager for a change of scenery, but, … [Read more...]
Welsh drivers most eager to change cars
Drivers in Wales are the most likely in the UK to change their car despite the Covid-19 epidemic. A third of car buyers decided not to purchase this year due to the Covid-19 outbreak but the result vary across the country and Welsh drivers are most eager to change. A poll for the CarGuide website also showed a worrying national intention of 32% this year … [Read more...]
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