It is vital that the government agrees a Brexit deal with the EU, retailers have been told. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs, said RMI Chairman Peter Johnson, speaking at this … [Read more...]
Finance
Kia roll out money and finance savings
Kia has announced its new range of offers for Q4, available throughout its 190-strong dealership network until the end of the year. Customers taking a test drive in the Sportage between now and the end of December will benefit from an additional £500 saving if they go on to buy any model in the Sportage line-up. All Sportage diesel models now benefit from … [Read more...]
Road tolls talk resumes
The Transport Committee want to start a national debate about road pricing. Talk on future tolls has been lacking for more than a decade since the then Labour Government’s road pricing plans were abandoned. This is in advance of an inquiry to be formally announced in early 2020, when the Committee will invite views from across the country from drivers and … [Read more...]
BMWs score top marks in safety tests
Two BMW’s - the 1 Series and the 3 Series – both achieve a maximum five-star rating in the latest EuroNCAP crash tests. The Jeep Cherokee and the Peugeot 208 settle for four stars apiece. The Peugeot 208 narrowly misses out on a five-star rating, so drops a star compared to the previous-generation vehicle, that offered fewer standard safety technology but … [Read more...]
“Serious” state of nearly-new cars reported
New car discounts and big pre-registrations of technically outdated models have distorted the used car market and it has become what analysts are calling “a serious event” in the trade. The UK used car market has seen a significant shift in pricing in the sub 12-month-old sector. Retail pricing has seen a marked decrease with a 7-percentage point downturn … [Read more...]
Auction prices looking good this month
Car auction prices are expected to increase or remain stable in October. Conversion rates improved during September as a factor of shortening vehicle supply at a time when dealer and car dealerships were looking for stock for their forecourts, said Louise Wallis (pictured), Head of the National Association of Motor Auctions, commenting on the latest … [Read more...]
Volvo and Geely to merge combustion engine operations
Volvo Cars and Geely intend to merge their existing combustion engine operations into a stand-alone business in order to establish a new global supplier that will seek to develop next-generation combustion engines and hybrid powertrains. The proposed new business would clear the way for Volvo Cars to focus on the development of its all-electric range of … [Read more...]
Car repayments now second highest after mortgage or rent
A third (33%) of Welsh drivers say their monthly car payments are their second highest expense, after their rent or mortgage monthly payments. Drivers in the North East (37%) and West Midlands’ (36%) regions of England and Scotland (35%) are the most likely to agree with this. The Opinium survey of Welsh drivers among 2000 UK drivers, commissioned by … [Read more...]
Newslines 8 October
Automotive components’ companies in Wales will get a series of meetings on dealing with Brexit issues and paid for by the Department of Business, Energy and Industrial Strategy. Customs, Employment and Supply Chain Risk awareness sessions have been secured by the Welsh Automotive Forum in conjunction with the Society of Motor Manufacturers and … [Read more...]
Pump prices still too high, says RAC Fuel Watch
Motorists are still being overcharged for fuel despite a reduction at the pumps in September, according to RAC Fuel Watch. Fears the refinery fires in Saudi Arabia in the middle of September would lead to higher pump prices have not been shown on forecourts where the cost of a litre of petrol fell by just under a penny (0.87p) last month – making for two … [Read more...]
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