The new car market grew 25.8% in June with 177,266 vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders as it warned of problems ahead in 2024. The June performance marks the 11th consecutive month of growth as the industry gradually overcomes the pandemic-induced supply chain shortages that constrained … [Read more...]
Fleets will drive European sales this decade
Europe’s vehicle components industry says fleet purchases will dominate future sales. Boston Consulting Group and parts makers CLEPA looked at the anticipated after market business by the end of the decade. Results show that fleet vehicles are capturing a significant and rising share of the European aftermarket. Five countries alone (Germany, France, … [Read more...]
Legend car makers facing end of the road
Around 51% of car dealers think that the arrival of new Chinese electric vehicle companies in the UK market will force some established manufacturers out of business. Startline’s June Used Car Tracker also shows that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold thanks to tougher … [Read more...]
EV discounts arriving to lift sales
Discounts are starting to appear on new electric vehicles for really the first time since they entered the mass market, delegates were told at the Association of Fleet Professionals 2023 Conference. Recent price cutting by Tesla and the arrival of new manufacturers from China were both helping to create a more competitive environment, alongside a gradual … [Read more...]
Car sales slowly rising again
The momentum in new vehicle sales has continued with strong growth across electric vehicles, hybrids and petrol vehicles and is expected to continue through the summer months, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. In May, a total of 145,204 new cars were registered, an increase of 16.7% from the same period last … [Read more...]
EV values slide as fleets reshape businesses
Used electric cars and vans are expected to fall further in value in coming months, according one industry expert. The slippage might also see petrol and diesel models cut back by manufacturers to meet tightening ev sales targets by Government. Interference in the ICE market will have the effect of driving up values of existing models as a … [Read more...]
Rare Lexus Ultimate Edition coming
In 2012, Lexus caused a sensation with the unveiling of its LF-LC concept at the Detroit motor show, its vision for a radical new flagship coupe. Four years later, the concept became reality with an almost unchanged design for the production-ready LC. Now that model’s award-winning history reaches its pinnacle with the new LC 500 Ultimate Edition. This … [Read more...]
Retailers driving job opportunities
A recruitment drive is underway in motor dealerships around Britain. The retail side of the automotive industry employs nearly 600,000 people and is one of the biggest and most varied sectors. There are automotive dealerships all over the UK and your local one might have the right opportunity for you to kick-start and develop your professional … [Read more...]
Tradelines 17 May
Chinese emerging car maker BYD grew production by an astonishing 211% last year to overtake Tesla and is well placed to begin European assembly, reports StockApps. com. As the car maker prepares to build over 2M EVs this year, StockApps financial analyst Edith Reads said, “BYD’s success is attributed to several factors, including China’s increasing focus … [Read more...]
Newslines 16 May
Here are the first views of the next generation MINI family, with Oliver Heilmer, Head of MINI Design. Each new MINI model gains its own strong individual character that is expressed in distinctive design features, while exuding individuality with a clear brand affiliation and sustainable materials are another essential part of the new design … [Read more...]
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