Jaguar Land Rover is facing assembly problems at its plants in September. No Land Rover Discovery, Evoque and Velar models will be built through September due to parts shortages but some production continues with the Range Rover, Range Rover Sport and Defender. Jaguar XE, XF and F-Pace models are also on stop but F-Type will still be … [Read more...]
Car production improves but issues remain
Though the outlook is beginning to look more positive as production levels rise for the third month in a row and the industry shows signs of recovery, persistent issues will continue to cause turbulence in the coming months, said Lisa Watson, Director of Sales at Close Brothers Motor Finance. “The ongoing conflict in Ukraine means the well-documented … [Read more...]
Newslines 23 August
The Swedish electric performance car company Polestar confirmed plans to put their electric roadster concept into production. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster and interested customers can now reserve a car online. Latest research shows that an increasing number of young Brits … [Read more...]
Inflation puts brakes on ev models
Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a … [Read more...]
Tradelines 17 August
Van insurance has increased 13.6% in the first half of 2022 for new business customers – with the more recent price jumps attributed to spiralling inflation. In the UK, the average quoted cost of van insurance is now £1,156 and all age groups have recorded double-digit increases to their motor insurance policies since the start of the year. A warning has … [Read more...]
EVs to become dominant in three years
Electric models will dominate fleets in three years, managers have told researchers for Arval Mobility. Just half (50%) of vans and a little over a quarter (28%) of UK company cars are predicted to be using petrol or diesel power alone by 2025, research from the latest Arval Mobility Observatory Barometer shows. Fleet and mobility decision makers were … [Read more...]
Tradelines 10 August
ATS Euromaster has seen the requirement for its mobile tyre service increase rapidly over the last two years. The tyre and maintenance provider said the pandemic, which saw a rise in home delivery, as a contributory factor for soaring fleet demand and ATS Euromaster attends 9,000 jobs a month on average. The Car Wash Association has written to the … [Read more...]
UK new car sales decline slows
UK new car registrations fell 9.0% to reach 112,162 units in July, according to the Society of Motor Manufacturers and Traders. The result marks the fifth month of consecutive decline, although the fall is the smallest recorded this year. Ongoing global supply chain issues, predominantly the lack of semiconductors, continued to frustrate order … [Read more...]
Breaking the EV myth of franchise dealers
The idea that franchise dealers are required more for electric vehicle service, maintenance and repair than their internal combustion engine counterparts is a “myth”, shows new research from epyx. Statistics taken from its 1link Service Network platform, used to manage SMR for more than four million company vehicles largely operated by leasing … [Read more...]
Car production stutters on shortages
UK car production declined -19.2% in the first six months of the year, according to the Society of Motor Manufacturers and Traders, with 95,792 fewer vehicles built compared with the same period in 2021. Just 403,131 units were built, representing the weakest first half since the pandemic-ravaged 2020 and worse than 2009 when the global financial crisis … [Read more...]
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