Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward … [Read more...]
Newslines 20 March
Bentley Motors revealed record financial results for 2022, with operating profits up nearly €1 billion compared to 2018. The latest annual figures show a profit of €708 million, representing an 82 per cent growth in profit from a four per cent growth in volume while turnover reached €3.38 billion, up 19 per cent over the same period and the announcement … [Read more...]
Tradelines 15 March
Jaguar will slash its dealer sites from about 80 today to under 20 within two years as it moves to an all-electric line up, sources have told Car Dealer magazine. The existing dealerships will have to consider selling only Land Rover models while the Jaguar range is developed but seen as taking much smaller role and the move will affect accountancy … [Read more...]
British trucks secures Government grant
British electric vehicle manufacturer Tevva has secured government plug-in truck grant (PITrG) eligibility for its 7.5t battery-electric truck. UK organisations looking to decarbonise operations and future-proof their fleets will benefit from a potential £16,000 discount, removed from the purchase price by Tevva. To be eligible for the grant, N2 … [Read more...]
Vehicle makers want EU emissions move
The European Automobile Manufacturers’ Association want the European Commission and the Council to come to a resolution to the current impasse on the EU legislation on CO2 emissions from cars and vans. It was due to be signed into law in early March and the car makers' bodoy says the fundamental transformation for the European automotive industry needs … [Read more...]
Addressing the gender divide in automotive industry
International Women’s Day presents the perfect opportunity to address one of the key imperfections of the automotive industry, the gender divide, said Sue Robinson, Chief Executive of the National Franchised Dealers Association on International Women’s Day 8 March. "Whilst there is a stark difference in numbers between male and female employees in the … [Read more...]
Seeing is believing
Global research from behaviour experts SKIM Group has uncovered the scale to which some of the world’s most iconic automotive marques are struggling to keep up with the pace of the Electric Vehicle revolution in the eyes of car buyers. The global poll of in-market new car buyers assessed their perception of car makers' ability to survive the shift to … [Read more...]
Tradelines 22 February
Fleets could consider increased support of UK-produced vehicles, FleetCheck is suggesting, as Nissan questioned the future of its Sunderland plant. Peter Golding, managing director at the leading fleet management software specialist said businesses that bought vehicles could have an impact on local manufacturing saying, "UK motor manufacturing has already … [Read more...]
Newslines 21 February
Britain’s small car makers have been exempted from forthcoming EU laws on zero emissions by 2035 if they register under 1,000 cars annually. But it’s unclear if the UK Government will permit them to continue selling petrol models in Britain after that date. The Public and Commercial Services union said members will be walking out in protest against pay, … [Read more...]
Fuel for thought as petrol-car sales rise
New figures showing a rise in the sale of petrol vehicles highlight the urgent need to address motoring emissions, according to a leading fuel tech company. Information from the Society of Motor Manufacturers and Traders last week showed sales of petrol vehicles rose 14.6% year-on-year, accounting for 44.7% of all new cars sold in January. By … [Read more...]
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