HMRC has identified an increasing risk of an error in the VAT returns for certain Franchised Dealerships, described as “Bumping”. HMRC are sending letters to some motor retailers that they believe are at risk from ‘Bumping’. Bumping is where there is a discrepancy between a vehicle sales invoice on the DMS system and the finance proposal one, which can … [Read more...]
Industry
Newslines 30 September
An Aston Martin DB5 replica stunt car featured in No Time To Die (2021) has raised £2,922,000 for good causes in a charity auction at Christie’s to celebrate 60 years of the James Bond films. Two Land Rover Defenders used in the film No Time To Die helped raised £352,800 for charities and they were sold as part of 60 lots from EON Productions to mark the … [Read more...]
Britains best and worst cars listed
Britain’s most and least reliable cars have been revealed in the 2022 What Car? Reliability Survey, held in association with MotorEasy. Feedback from 24,927 car owners on 248 models and 32 brands was analysed by the country’s leading consumer champion and new car buying platform, What Car?, to find the most dependable vehicles. Four models achieved a … [Read more...]
Young drivers hit by rising costs
A new report from Go.Compare Car Insurance revealed that the cost of getting a young driver on the road has risen to £6,574 – the highest since 2019, representing a shift backwards to pre-pandemic costs. Costs for young drivers – those aged between 17- 21 - and their families dipped to £6,394 in 2021 and £6,071 in 2020, a sharp fall from £6,846 in … [Read more...]
Eyes are focussed on BMW X1
Research by the UK's largest automotive marketplace Auto Trader has revealed the BMW X1 is the most anticipated car release of the year. Its newly released study compared the number of Google searches made in the last 12 months for over 50 popular cars which are set to be released in 2022 and 2023. The BMW X1 takes top spot, followed by the Honda Civic … [Read more...]
It’s getting tougher for Welsh automotive sector
The UK Automotive industry is unlikely to return to previous high levels of production and component suppliers in Wales must look elsewhere to survive, delegates to the Autolink 2022 conference were told yesterday. The gloomy outlook and warning was given by Prof Ian Henry, managing director of AutoAnalysis and a HM Government advisor on the motor industry … [Read more...]
Tradelines 28 September
The all-electric Fisker Ocean SUV will debut at the 2022 Mondial de l'Auto held at the Paris Expo Porte de Versailles from 17 October. Costing about €70,000 the 380 miles range SUV has been designed to be the most sustainable SUV on Earth, using ethically sourced, upcycled materials throughout. Volvo has developed an internal radar system to alert … [Read more...]
Welsh Government dictate road closure
Welsh Government has told Cardiff to reconsider traffic arrangements and consider permanently closing Castle Street. It was shut to traffic during the Covid pandemic in summer 2020 and then gradually reopened but modified with restricted lanes. The Welsh government has now told the city council to find alternatives to cut pollution. … [Read more...]
Public EV charging costs rise 42%
The cost to charge an electric car on a pay-as-you-go basis at a publicly accessible ‘rapid’ charger has increased by 42% – or 18.75p per kilowatt hour – since May to reach an average of 63.29p per kilowatt hour, new data from RAC Charge Watch indicates. The increase – caused by the soaring costs of wholesale gas and electricity – means that it now costs … [Read more...]
Ultrafabrics to bring new touch to JLR models?
Ultrafabrics is delighted to unveil its brand-new partnership with Tata Passenger Electric Mobility (TPEM), the electric vehicle (EV) subsidiary of global automobile manufacturing company, Tata Motors. The latest collections from the animal-free, high-performance fabric specialist have been selected for the contemporary interior of TPEM’s new EV, the AVINYA … [Read more...]
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