Demand for engines to power UK models has kept the factories going despite a fall in exports of complete units for overseas vehicle assembly plants. Figures from the SMMT show a 23% dip in units sent abroad out of the 172,533 made but a 28.6% rise in those going into UK vehicle assembly plants and the figure so far this year is steady and about 5.7% up at … [Read more...]
Industry
Personalising your car pushes pounds off value
Retrofit add-ons like big bore exhausts, aftermarket alloys and tinted glass can put off potential used car buyers and destroy values, says Glass's. Andy Cutler, forecast values editor, explained that these non-manufacturer options suggested that the previous owner was a boy racer and the car would have been driven hard. "To the previous owners, … [Read more...]
Golf & Passat production resumes after settlement
Volkswagen Group will compensate a supplier to end a six-day standoff that stopped Golf and Passat production in Germany. The $14.7 million amount is well below supplier Prevent Group's initial demands seeking about €58 million ($66 million) to cover factory alterations made in preparation for a €500 million order that VW cancelled. The deal also … [Read more...]
UK car production slowing but still strong
UK car production rose in July but at a slower pace than in June, according to the Society of Motor Manufacturers and Traders (SMMT), which urged the government to make sure the country's exit from the European Union does not hamper the sector. The UK's overwhelmingly foreign-owned carmakers had urged voters to remain in the 28-member bloc, where over … [Read more...]
Britain’s automotive industry is booming
The automotive industry is firmly anchored in Britain and economics and efficiency will not see it bolt to the continent as Britain negotiates its exit from the EU. Vehicle manufacturers were well on the road to recovery after the slump of 2009 and many were now heading towards record production while efficiency levels are the best in Europe. Some car … [Read more...]
Niche job site for automotive recruiters
BEN, the not-for-profit organisation dedicated to supporting those working in the automotive industry, has launched a new recruitment website designed to give automotive recruiters a niche job board exclusively for the industry. This new partnership initiative is part of BEN’s ongoing strategy to be an integral part of the automotive sector and ensure … [Read more...]
True cost of crashes for businesses
Transport industry fleet managers were gathered together by road safety charity IAM RoadSmart to learn more about the true costs of business-related road crashes – and were shocked to discover the impact these collisions could have on their profits. Representatives from blue-chip companies including Cannon Hygiene and Pest Control, Belron UK and the … [Read more...]
Buyers are more mobile savvy than ever
The move towards car buyers using mobile devices to access dealer web-sites is continuing at a pace, according to new figures from Wales-based iVendi. They show that last month, 64% of all visits logged through the iVendi Platform’s consumer areas were by smartphone or tablet, compared to 37% via a laptop or desktop PC. This has increased from a 60%/40% … [Read more...]
Tradelines 24 August
Welsh Government is halving support it offers to firms for youth job creation. Jobs Growth Wales did offer 100% subsidy for firms to employ people aged between 16-24, but its now halved that and says it is part of a readjustment of activities to merge Jobs Growth Wales, ReAct and Traineeships. The RAC will take legal action to stop unaccredited garages … [Read more...]
Newslines 22 August
The Aston Martin Vanquish Zagato Volante convertible will be built, but only 99 cars will be assembled. It echoes design elements from the 1960 DB4 and updated in the Vulcan, and all have been sold before deliveries begin next year. A very special Jaguar E-Type which starred in the BBC’s famous comedy series, Only Fools and Horses, will be … [Read more...]
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