Limited potential for online-only motor sales was the top reason for the recent collapse of Cazoo, say dealers. Research from July’s Startline Used Car Tracker shows half of dealers surveyed said this was a problem, followed by 37% who said investors overestimated efficiencies that could be accessed through technology, and 35% that they failed to recognise … [Read more...]
Finance
Over £200M investment plan for Cardiff-Wales Airport
The Welsh Government proposes investing £206M over ten years in Cardiff Wales Airport. It has spent millions of pounds sustaining it through the Covid pandemic but says it needs this new investment to win further business for the Rhoose airport and Welsh economy and it has also said the investment must be approved by the Competitions and Market Authority … [Read more...]
Newslines 22 July
Kia UK has ranked first place in the latest UK Customer Satisfaction Index from The Institute of Customer Service. With 81.4 points out of 100, Kia was considerably higher than the automotive sector average of 78 points, further highlighting the brand's dedication to providing excellent customer experiences. The average across all UK industry sectors was … [Read more...]
Sustainable fuel in UK test
To celebrate 35 years of the Mazda MX-5, four Mazda MX-5s – one of each generation – drove a 1,000-mile route from Land’s End to John O’ Groats using sustainable fuel. Powered entirely by a 100 per cent biofuel from SUSTAIN, the world’s best-selling two-seater sports car became the first car to complete the end-to-end drive across the UK using sustainable … [Read more...]
Picanto to spice up the UK city car sector
Kia is bucking the trend and staying faithful to the city car sector with the arrival of the latest Picanto. While other manufacturers put the brake on city cars to concentrate on mid-sized models and cross-overs claiming smaller models are unprofitable, the Kia Picanto is about to prove them wrong and make money for the booming Kia brand. In a tightening … [Read more...]
Labour Welsh Government spent £14M on failed car bid
An attempt to bring TVR sports cars to Wales ended in failure and a bill of £14M, according to official documents released today. Legendary two-seater high performance TVRs were to be built at Rassau Industrial Estate after the manufacturer was bought by a business from the previous owners who saw it collapse in its native Blackpool plant. Originally, the … [Read more...]
Tradelines 17 July
Automotive trade charity Ben is providing vital support for many automotive families who would otherwise have to make impossible choices with summer holidays approaching and the pressures are even bigger. Over the past 12 months, Ben’s helpline has managed nearly 16,000 enquiries and administered over 600 financial grants for those struggling with money. In … [Read more...]
Welsh dealer Gravells profits soar across seven sites
Welsh car dealer group Gravells has seen profits almost double in 12 months. The seven-site Kia, Dacia and Renault dealership group has clocked up pre-tax profits of nearly £5m after a stellar 2023 on a turnover of £130.5m last year, it reported to Companies House. Gravell’s has Kia dealerships in Kidwelly, Narberth, Bridgend, Abergavenny, Swansea and … [Read more...]
Insurance probe launches into companies
Insurance is meant to provide peace of mind and vital support for people during what can be some of the worst times of their lives. But consumer champions Which? found that far too often insurers are piling misery onto their own customers. Our latest research revealed that nearly two thirds of people with valid complaints last year suffered distress and … [Read more...]
Get more for less when buying a car
When it comes to purchasing a car, getting the best deal doesn't always mean buying at the lowest price. Beyond the sticker price, you need to consider the overall value of the vehicle, the timing of your purchase, and your negotiation strategy. The motor insurance experts at InsureDaily.co.uk have offered some insider tips to guide your next car … [Read more...]
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