There are a few weeds to be taken care of as the motor industry, energy providers, related suppliers and authorities take us down the green road towards 2030 and onwards, writes Robin Roberts. The haste and race to have low emission cars and other vehicles on our roads is tripping over some serious issues, notably cost, and not just for vehicles and … [Read more...]
Budget does little for car sales
The Budget is first aid for the motor industry but will not fix underlying long term ailments, according to the Society of Motor Manufacturers and Traders. “Today’s budget provides some encouragement to an automotive sector hit hard by the pandemic and additional trading costs but it falls short of the support needed to transform the industry and market to … [Read more...]
Lamborghinis making record prices despite lockdowns
Two of Automobili Lamborghini's most iconic historic cars have been auctioned at record prices. The models sold in RM-Sotheby's Paris auction were a 1971 Miura SV chassis number #4840 and a 1977 Countach LP 400 chassis #1120262. Both cars have had a troubled history, with several mechanical and aesthetic changes over the years. The brand’s … [Read more...]
Lenders optimistic for 2021 despite sales slowdown
The Q1 2021 Industry Outlook Survey by the Finance & Leasing Association shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic and the UK's lowest January registrations for 50 … [Read more...]
Europe expect car sales to rise 10% this year
After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID is expected to persist into the first quarter of 2021, but the car market … [Read more...]
Ford Fiesta is again Wales best seller
Welsh car buyers have restored the Ford Fiesta to top spot in the sales chart in January as UK registrations hit a 50 years low. Ford dealers registered 122 Fiestas last month, comfortably ahead of the 104 Kia Sportage, which was the top SUV among Welsh families and they were the only two models to exceed 100 sales in the month. Ford suffered badly in … [Read more...]
UK car sales hit 50 year low
Pressure is mounting for new car prices to be slashed after sales plunged to their lowest for 50 years in January. Buyers who cannot visit showrooms during lockdown and who are concerned about jobs and income have put the brakes on business and now manufactuers face fines if they cannot reduce their fleet average this autumn. More sales have moved on-line … [Read more...]
Company cars’ confusing charts
As another lockdown leaves company car activity stalled in suspended animation, a new BVRLA report analyses the market and the long-term trends that will drive its destiny. With all but essential journeys banned and new car registrations slumping to a thirty-year low, the company car sector has entered 2021 as it spent much of 2020, in an artificial … [Read more...]
Learners and commuters boosting car sales
In what has been a turbulent time for the industry, car dealerships across the UK have been desperately trying to claw back car sales. To paint a statistical picture of the downfall, figures for new private car registrations dropped by 98.7% in April, the worst downturn in 70 years. Only 871 cars were registered, compared to 67,873 at the same time in … [Read more...]
Suppliers optimism and caution for 2021
Parts suppliers have started 2021 with mixed feelings of optimism and caution. Optimism, because demand for vehicles and components is picking up more rapidly than expected and the appetite for new, innovative technologies is accelerating. Caution, because the scars from 2020 are deep and the level of uncertainty remains high. Thorsten Muschal … [Read more...]
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