The number of vehicles registered for use on British roads has surpassed 40 million for the first time, according to the Society of Motor Manufacturers and Traders. The UK’s largest automotive analysis reveals that more than 35 million cars and five million commercial vehicles were in use in the UK in 2019, representing a 1.0% increase on the previous … [Read more...]
Industry
Boost to fuel cell trucks
Daimler and Volvo will jointly develop new generation fuel cell trucks. The two big heavy goods vehicle makers have inked an agreement which is seen as a forerunner of future joint ventures in the industry struggling to cope with tougher emissions regulations and rising development costs. … [Read more...]
Car makers outline plan for production return
As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent. “It is in Europe’s interest that this key strategic sector not … [Read more...]
Global collapse of van production to be felt for 2020
Global commercial vehicle production volumes in 2020 compared to 2019 are forecast to be down 22 percent , some 650,000 units to 2.6 million units, in the wake of the COVID-19 pandemic, according to the most recent analysis from IHS Markit. Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the … [Read more...]
Newslines 20 April
Aston Martin is extending by a week production stoppages at its St Athan DBX plant until 27 April. Production will be suspended from today when it planned to restart because of the current global and local position concerning suppliers and employees, Aston Martin confirmed and Britain's biggest automaker, Jaguar Land Rover, has not set a date for restarting … [Read more...]
Challenging times ahead for trade, says analyst
It has been a month of halves with two weeks of unexpected silence in the showrooms resulting in many staff being furloughed in the absence of customers. Service departments and smaller garages are working to keep key workers mobile and safe with their transportation needs and the insurance industry is still largely active. Dealers still have a shop window … [Read more...]
AFVs demand likely to soar
Over half of UK dealers (53%) plan to stock alternative fuel vehicles in the next five years, according to research from Close Brothers Motor Finance’s Dealer Satisfaction Survey. Positively, almost three in ten (29%) car dealers already stock AFVs. And for those who already have stock, two thirds (64%) plan to increase it and a quarter (24%) plan to … [Read more...]
Tradelines 15 April
Ford is preparing for a $600M loss in the first three months of 2020 due to sales slowdown in the shadow of the global coronavirus. It’s already secured credit facilities and has a $30B reserve to cover most eventualities. New service and maintenance procedures at Arval UK have been adapted in a matter of days to keep essential fleets available 24/7 during … [Read more...]
Lockdown legalities for fleets & users
The handing back of company car and van keys or fobs to employers in order to avoid benefit-in-kind taxation during the coronavirus lockdown needs careful management, the Association of Fleet Professionals has warned. There remained both pertinent questions for HMRC around the issue and a range of potential practical problems to resolve, explained co-chair … [Read more...]
Safety checks to laid up vehicles
Drivers will need guidance on returning laid-up company cars to the road when the coronavirus crisis ends, says Meridian Vehicle Solutions. Phil Jerome, managing director at the medium-term rental specialist, said that some vehicles may not turn a wheel for months, depending on the length of the lockdown, and would need to be quite carefully inspected in a … [Read more...]
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