Recent prices of new and used SUVs and Crossovers have been tumbling, say analysts at Cazana. With forecourts shut due to the coronavirus epidemic the emphasis has moved on-line and canny buyers are carefully shopping around for the best deal so sellers have to respond or lose the business and Cazana said it may well be a common trend in the coming weeks … [Read more...]
Finance
Penalties and problems looming for fleets
Thousands of vehicles and hundreds of fleets will struggle to meet incoming stringent emissions legislation and pay the price, a survey shows. Around 5.3% of company cars and vans being operated by customers of FleetCheck only meet the Euro 4 emissions standard or older, according to a new analysis. A further 18.2% of vehicles from the total sample of … [Read more...]
Cazana’s Dealer Survival Guide
The motor trade is one of the world's toughest business sectors but the current Coronavirus is putting incredible strain on the entire sales stream and getting good advice is essential to keep businesses going. Here are five points to consider: Stay Safe Abide by the Government rules and close your dealership to help stop the spread of COVID-19 and keep … [Read more...]
World car production and sales plunge
IHS Markit forecasts used by automakers and suppliers for strategic decisions has downgraded its assessments across "virtually all regions." It called the coronavirus pandemic "the single biggest risk factor facing the auto industry for many years," reports Automotive News Europe. Global sales will fall by more than 12 percent this year to 78.8 million … [Read more...]
Fleets urged to take renewable fuels route
A new guide from the Low Carbon Vehicle Partnership for fleet operators shows how renewable fuels can immediately cut greenhouse gas emissions in road transport, particularly from commercial vehicles for which few low emission solutions are currently available. While the focus has been mainly on vehicle electrification for meeting the UK’s net zero … [Read more...]
Tradelines 25 March
Petrol prices crashed to an 18-year low this week. Falling oil wholesale cost saving are now reaching forecourts and Morrison’s has slashed 12ppl petrol and 8ppl diesel with prices at about 104ppl and 111ppl respectively, says the RAC, which is urging drivers to only go out if vital and support small independent retailers if they can. National Express … [Read more...]
Car makers want urgent comprehensive support
The effect of the coronavirus on society and the global economy is unprecedented with grave consequences for the automobile industry, say European car makers. Indeed, most of the members of the European Automobile Manufacturers’ Association have already announced temporary closures of plants due to collapsing demand, supply shortages, and government … [Read more...]
Car makers want urgent talks over future
The car-makers want detailed talks with British Government in the light of the corona virus and implications for the industry struggling with falling demand. The industry employs over 823,000 in Britain and Mike Hawes, SMMT Chief Executive said, “We welcome the additional and significant emergency support for business announced by the Chancellor. “The UK … [Read more...]
Dealers seek Government help
The retail automotive sector employs 590,000 people in the UK and businesses must be protected through supportive fiscal measures during the outbreak of the Coronavirus, said Sue Robinson, Director of the National Franchised Dealers Association. NFDA yesterday wrote a letter to the Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP and Alok Sharma, … [Read more...]
Two-wheeler sales rising as cars fall
February 2020 has delivered a strong 3% increase in motorcycle sales compared to last year, improving a typically quiet month, said Stephen Latham, Head of the National Motorcycle Dealers Association which represents motorcycle retailers across the UK. Some 4,607 new motorcycles were registered in February, up from 4,473 in February 2019. In terms of … [Read more...]
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