JLR has reported a 14% drop in UK registrations. It has been a challenging market, the company said, but sales in China have grown and it’s still pushing ahead with massive R&D investment and adding 5,000 jobs, mostly in manufacturing. BMW is incentivising buyers and offering £2,000 trade in allowance against their latest models emitting under … [Read more...]
Finance
Tradelines 9 August
Mazda is close to introducing a revolutionary internal combustion engine in 2019 which uses petrol but works in the manner of a diesel. Their homogeneous charge compression ignition engine ignites gasoline through compression, eliminating spark plugs, and its fuel economy potentially matches that of a diesel engine without high emissions of nitrogen … [Read more...]
Wrangler ropes good used car values
Jeep Wrangler prove a savvy purchase The Jeep Wrangler Diesel is proving a savvy used car purchase as values for the 2011 onwards Sahara and Overland models have risen over the last two years. The study of the 4x4 market by automotive data experts hpi identified the Jeep Wrangler as one of the best-used buys. Tim Bearder, used car expert at hpi, … [Read more...]
New van news: Transit Custom updated
Ford has revealed the new Transit Custom one-tonne commercial vehicle, delivering bold new design, an all-new interior and enhanced productivity to European businesses. New Transit Custom will be available to order later this year, and is scheduled for customer delivery in early 2018 powered by the Dagenham-built Ford EcoBlue 2.0-litre diesel … [Read more...]
Cardiff bank staff treated to Tesla experience
Cardiff staff of Black Horse Finance were given a glimpse of the future when Tesla turned up with two cars at their office. The Lloyds Bank motor division provides finance for customers of the ground-breaking all-electric sports cars and the success of Tesla means they will shortly be adding another charging station to the 16 already in Wales. Potential … [Read more...]
Fleets adopting more hybrids and EVs
More than half of UK fleets are already operating at least one alternative fuel to traditional petrol and diesel models or are planning to do so in the next three years – an increase of 6% since 2015. The finding comes from the 2017 edition of Arval’s long-established Corporate Vehicle Observatory Barometer, research which covers 3,847 fleets. Their … [Read more...]
A Guide to PCPs and PCH
Car finance has been in the spotlight recently with fears over negative equity in car deals and the prospect of a Financial Conduct Authority investigation into motor finance. In essence, there are two issues at play that are linked but separate. The first is a question of affordability on the part of the consumer; the second is the exposure of finance … [Read more...]
Newslines 14 July
Cutting or lifting Severn Bridge tolls next year would be welcome but possibly lead to more jams along the M4, say logistics experts. The FTA in Wales and leading hauliers want the M4 widened to cope with anticipated 17% rise in use over coming years, outstripping the road-space allowed under Welsh Government plans for bypasses around Newport. The … [Read more...]
Lifebelt for struggling car finance
An estimated 1.6 million used car owners currently in the middle of their dealer finance or PCP agreement are now able to change their car early with the launch of www.paymentswap.co.uk. The new ‘no fees’ online service allows buyers to digitally manage every part of the transaction for themselves, including vehicle trade-in, sorting out the settlement of … [Read more...]
Industry should “remain calm” over future of diesel values, says VRA
Diesel is likely to remain a crucial part of the motor trade’s fuel mix for the foreseeable future and the motor industry should “remain calm” over its future values, says the Vehicle Remarketing Association. The trade organisation – which represents companies that are involved in remarketing more than 1.5 million vehicles every year – says that there is … [Read more...]
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