The Kia Niro has been named the best new car on sale by leading car buying advice website Carbuyer.co.uk. The Niro, which is available with a choice of hybrid, plug-in hybrid and fully-electric powertrains, scooped no fewer than three of the 18 categories on offer. Kia has been named the top UK car brand by Reputation.com in the 2022 Automotive Reputation Report, according to Reputation’s … [Read more...]
Industry
Welsh car sales falling back
Wales saw a fall in new car registrations last month, the only part of Britain suffering as the cost of living rose. The Society of Motor Manufacturers and Traders reported 8,342 new cars were registered by Welsh dealerships last month compared with 8,637 a year ago. That’s a decline of 3.42% on the year to date. The top ten models sold in Wales in September were: Nissan Qashqai, Ford Puma, … [Read more...]
Sweet smell of success in Valleys
Economy Minister Vaughan Gething has visited Energizer Auto UK in Ebbw Vale to celebrate a quarter of a century in the Valleys and reaffirm its partnership with the Welsh Government. The facility established in 1997 now employs 50 skilled staff producing more than 700 automotive fragrance and appearance products ranging from fuel additives to car wash products across 43 different countries. The … [Read more...]
Welsh motor group sees profits soar
Welsh family business Day’s Motor Group saw its pre-tax profit soar threefold to nearly £24m last year. In its accounts – posted as C.E.M. Day Ltd – for the year ended December 31, 2021 and newly published on the Companies House website, the dealership chain said its profit before tax went from £7.66m in 2020 to £23.72m in 2021 – a rise of 210 per cent. Operating profit, meanwhile, rocketed by … [Read more...]
Bumping in the trade under HMRC watch
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 lead to the underpayment of output VAT on … [Read more...]
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 iconic jubilee. UK car manufacturing … [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 perfect 100% score: the current versions of … [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 2019. The research shows that, in the … [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 Type R, and the Nissan X-Trail takes … [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 speaking at the annual Welsh Automotive … [Read more...]