The European Union’s automotive trade balance is at a critical juncture, with the potential to become a net importer of automotive components for the first time ever in 2024. Despite significant investments in research and development (R&D), the EU’s manufacturing of innovative automotive technologies is increasingly moving abroad. In 2023, … [Read more...]
New expanding brands now supplying service data
Data company epyx is reporting a large influx of new motor manufacturers to its core service, maintenance and repair platform. Their 1link Service Network is used by fleets totalling more than four million cars, vans and trucks to manage their SMR processes, working with thousands of franchise dealers, independent garages and fast fits. Greg Tucker, head … [Read more...]
On-line car sales have limited appeal, trade believes
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...]
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...]
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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
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