Heavy discounting by car-makers is pushing fleet and businesses drivers into electric cars. Private buyers still prefer to have petrol or diesel engines, according to the May registration figures. Registrations of petrol cars are higher than the combined figures for pure battery, plug-in and mild hybrid electric models and that’s without the diesel models … [Read more...]
Tax move will hit businesses and employees
Almost half of dealers (45%) say the ending of employee car ownership schemes will hit staff attraction and retention. May’s Startline Used Car Tracker also finds that 38% think the schemes are an important benefit for dealer staff while 41% believe “a lot” of current government actions are negatively affecting car dealers. Paul Burgess, CEO at … [Read more...]
Toyota GR Corolla heading to UK lines
Media reports say Toyota will relocate part of its GR Corolla sports car production to Britain, with plans to invest approximately £41m in a dedicated production line in its Burnaston, Derby plant, but its not yet been oonfirmed by the Japanese car maker. This strategic shift aims to utilise excess capacity in Britain to reduce delivery wait times for the … [Read more...]
Price war looming, says FleetCheck
A round of dramatic price cuts by Chinese manufacturers in their domestic market last weekend has raised the possibility of a similar strategy being adopted in the UK, says FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34% with other manufacturers … [Read more...]
Buyers beware of true motoring costs with their next car
Vertu have noticed that searches for ‘new cars for new drivers’ have risen 26% over the past three months. While new cars offer the appeal of modern features and warranties, they also come with different financial considerations that buyers should be aware of. So, to help first-time buyers navigate the process without overspending, automotive experts at … [Read more...]
FRF Toyota Wales is Britain’s best for the brand
Top accolades in the annual Toyota Best Retailer in Town awards have been won by FRF Group, named the Best Toyota Group for the second year running, and Steven Eagell Peterborough, winner of the Best Toyota Retailer title. With a 20-year history, FRF won the Best Toyota Group award for its focus on engaging and developing its teams to provide service that … [Read more...]
Car makers call for help over smaller models
Europe's car makers want new rules created to favour small cars being manufactured as the industry struggles to sell more expensive bigger models. Renault CEO Luca de Meo and Stellantis chairman John Elkann have urged the European Union to implement more favourable rules for small cars as the declining profitability of these cars could lead to plant … [Read more...]
Five minutes could overtake a century of motoring
Almost three-quarters of motorists (72%) say they would switch to an electric car that offered 250 miles of range from five minutes of charging, according to new research. Technology capable of delivering this was recently unveiled by BYD, and in Startline’s May Used Car Tracker, 36% of respondents point out it’s almost as fast as refuelling with petrol and … [Read more...]
Welsh automotive businesses tariff troubles
The Welsh Automotive sector is concerned about the continuing effects and fall-out of the current trade tariffs implementation. In the latest newsletter of the Welsh Automotive Forum it discusses how the local industry is shaping responses to US Tariffs. Member companies rcently engaged in a roundtable discussions on the impact of US tariffs on the Welsh … [Read more...]
EV dumping is undermining residual values
Manufacturers and dealers are dumping new EVs into the UK market and its hitting residual values of existing electric cars, according to trade sources. Growth in electric vehicle pre-registration activity is presenting challenges for the used car sector, says the Vehicle Remarketing Association. Data provided to the VRA by AutoTrader shows that because … [Read more...]
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