The UK transport industry has seen earnings on its investments in the EU rocket by more than 400% since the Brexit vote, the latest Office of National Statistics has revealed. UK transport trade earnings from investments in the EU rose from £177 million in 2015 to £1billion three years later – up 476% compared with before the vote. Firms involved in … [Read more...]
Newslines 18 February
Jaguar I-Pace manufacturing in Austria has halted for a week, because it cannot get enough traction batteries from LG Chem’s Poland plant. It is the brand’s fourth best seller, reaching 17,355 units last year and the Polish plant also makes packs for Ford Mustang Mach E and forthcoming Transit E. Although nothing has been given to UK customers, … [Read more...]
Dacia to fit tax cutting LPG engines
Gas is back for cars. Dacia is launching a new factory-fitted dual-fuel solution across its range of award-winning Duster, Sandero and Logan models, the only manufacturer in the UK to do so. The all-new 1.0-litre turbo Bi-Fuel 100 engine combines petrol and LPG fuel to deliver reduced fuel costs, lower emissions and improved performance without … [Read more...]
Motorcycle sales encouraging 2020 kick off
With motorcycle registrations improving by 2.8% on the previous January, the start of the new year is heading in the right direction,said Stephen Latham, Head of the National Motorcycle Dealers Association. A total of 6,146 new motorcycles were registered throughout January, an increase from 5,976 in January 2019. Much of the growth came from the higher … [Read more...]
EVs used sales soar nearly a quarter
The flow of used evs coming to market jumped 23.4% last year, show latest figures from the Society of Motor Manufacturers and Traders. This is going to be a challenge for the resale trade but a tremendous opportunity said Seán Kemple, Director of Sales at Close Brothers Motor Finance. The SMMT’s used car registrations show a slight 0.1% decline in sales of … [Read more...]
Volvo and Geely considering merging expertise
Volvo Car AB and Geely Automobile Holdings Limited are considering combining their businesses to create a strong global group, which would accelerate financial and technological synergies between the two companies. This would be a combination between two strong companies. The considered combination would have the scale, knowledge and resources to be a … [Read more...]
Newslines 11 February
As the government brings forward the ban on the sale of new petrol and diesel cars, Hyundai has secured more Kona electric models. The car firm had to take its Kona Electric off sale last year as it sold out of its allocation by March but they have tripled availability by starting production of the electric car at its plant in the Czech Republic while … [Read more...]
Newslines 7 February
Production of the three-year-old Mercedes-Benz X-class pickup is ending in June. Based on the Nissan Navara, it has failed to reach anticipated sales figures but it will remain available to order until 11 February, it has told media. Pump prices are falling at last. RAC fuel spokesman Simon Williams said, “Drivers should be relieved the supermarkets are … [Read more...]
Ford battered by Welsh registrations
New car dealers in Wales did better than most and saw the smallest decline in January registrations, down just 2.14% to 5,224 over 12 months previously. Ford was comprehensively knocked off top spot by Vauxhall with Corsa and Grandland X a long way ahead of the traditional best selling Fiesta and Focus models, according to the Society of Motor Manufacturers … [Read more...]
Diesel cars collapse in January new car decline
The UK new car market declined 7.3% in January, according to figures from the Society of Motor Manufacturers and Traders. Some 149,279 vehicles left showrooms as continued confusion surrounding diesel and clean air zones and ongoing weak consumer and business confidence continue to affect demand. Continuing low consumer demand was a key driver behind the … [Read more...]
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