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 that existing dealers were already good … [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 TVR factory was to be the centrepiece of … [Read more...]
Prioritise EVs and motor industry investment, says trade
A focus on electrification and investment in the UK motor industry should be among the priorities of the new Labour government, says the Vehicle Remarketing Association. Philip Nothard, chair at the trade body, said that while it was clear that the administration wouldn’t have large sums of money to spend, it should be concentrated in areas that produce the best results. “The Labour message … [Read more...]
Newslines 8 July
BYD Auto plans to build a US$1bn electric vehicle assembly plant in Turkey to target the domestic and European markets and circumvent EU proposed tariffs which would have pushed up prices by nearly half. The Chinese car maker has already announced a factory it will build in Hungary as it pushes expansion outside its home country and both investments will create thousands of jobs. A rise in … [Read more...]
Wish list to put the wheels under UK economy
Following last week's General Election, the automotive sector has written its wish-list for the new Labour Government and what it sees as priorities to boost sales and the economy on wheels. The RAC is calling for the new Labour Government to urgently tackle the most pressing concerns of the UK’s 40m motorists in its new transport policy. The poor state of local roads, rising insurance premiums … [Read more...]
Expert insights on parties’ plans for drivers
With the UK General Election 2024 around the corner, each of the political parties battle for your vote. Manifestos can be as long as 136 pages, and weekly live television debates add to the complexity, making it challenging to keep track of each party’s initiatives and promises. In fact, many people are even debating over who they vote for with search terms like ‘who should I vote for’ … [Read more...]
Newlines 1 July
Cardiff risks losing major concert and sporting events because the road and rail network cannot cope with heavy demand, say Welsh Conservatives. There were 19 miles of traffic jams on the M4 before the Foo Fighters concert and rail services were jammed by broken down equipment on main lines while city streets were filled with motorists looking for places to park, so the Welsh Government must get … [Read more...]
Tradelines 26 June
Van maker Stellantis is considering its options at Ellesmere Port and Luton, it has told an SMMT automotive conference. It's is very concerned about UK Government zero emissions plan and increasing tighter limits on percentages of evs made. Oil and gas companies, carmakers and textile manufacturers make up the biggest recipients of European green funds despite being some of the world’s biggest … [Read more...]
Safety ratings take a back seat with motorists
Fewer than one in five or 18% of motorists check official safety ratings such as Euro-NCAP when buying a new car, new findings show. June’s Startline Used Car Tracker shows that 73% expect all cars to meet high safety standards – although only 36% believe that legislation can be trusted to ensure that cars have effective safety features. Paul Burgess, CEO at Startline Motor Finance, said, “There … [Read more...]
Newslines 18 June
Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank from £33.29m to £30.734m – an 8% drop and … [Read more...]
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