Britain’s new car market is “cooling" this summer. Figures from the Society of Motor Manufacturers and Traders showed a 0.1% rise compared to a year ago and put down to business sales keeping it ahead. Sales in the first seven months of 2016 were 1,599,159 but the industry has been expecting a slow down and SMMT chief executive Mike Hawes said it was … [Read more...]
Industry
Newslines 5 August
Hyundai Motor UK has revealed pricing and specification details for its new i20 Turbo Edition. Designed, engineered and built in Europe, the i20 Turbo Edition will be priced from £12,975 OTR when it enters showrooms this month. Meeting the growing trend for small capacity turbo petrol engines, the special edition i20 Turbo features Hyundai’s … [Read more...]
Hauliers to carry fight to Europe for cartel compensation
The Road Haulage Association has sought legal advice and intends to honour its commitment to its members by pursuing the case for compensation from the truck manufacturers who have been identified as being involved in a coordinated truck price fixing cartel. RHA chief executive Richard Burnett said, “As the representative body with sole responsibility for … [Read more...]
Brokers expect leasing demand to grow
The first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation … [Read more...]
Fleets suffer with SUV orders
The growing popularity of SUVs in all sectors of the company car fleet market means that fleets could increasingly struggle to hit cost and emissions targets, says Chevin Fleet Solutions. The fleet management software specialist points out that even the most car-like of SUVs tend to have worse emissions and fuel economy than their equivalent hatchbacks or … [Read more...]
Newslines 2 August
A 2p a litre supermarket cut in the price of petrol and diesel from a major supermarket is of course good news for motorists, it’s just a shame it didn’t come sooner. “We wonder how long motorists would have had to wait for a decent forecourt cut had the RAC not drawn attention to the fact that wholesale fuel costs had reduced substantially in the last … [Read more...]
Lorry makers have been taking Europe for a ride
Leading international automotive economist Prof Garel Rhys has been looking behind the scenes of the latest price fixing by major lorry makers and its implications for all of us, with some shocking fines for the truck makers The medium and heavy commercial vehicle makers in the European Union enjoy considerable tariff protection of around 22% in … [Read more...]
UK car makers achieve record production
UK car makers reported their 11th consecutive month of growth in June. The Society of Motor Manufacturers and Traders reported production grew 10.4% to 158,641 units – the highest level for the month since 1998, when volumes reached 172,232. The performance closes the industry’s best first half for 16 years, with 897,157 cars rolling off production … [Read more...]
Trade lines 27 July
MG Motor UK’s design centre, based at Longbridge, Birmingham, has expanded and is continuing to develop its team of designers who play a key role in the MG models on the road today and the future. Director of Design, Anthony Williams-Kenny, is now back in the UK after being based in Shanghai for three years and will be focusing on MG Motor in the UK, as … [Read more...]
Britain’s secret ‘grey fleet’ is keeping UK moving
The full extent of the UK’s “grey fleet” is revealed in the most comprehensive report into private vehicles used for business. The nation’s grey fleet comprises 14 million cars – 40 per cent of all vehicles on the road – and costs employers more than £5.5bn a year in mileage claims and car allowances. Many are used in the public sector instead of … [Read more...]
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