Former F1 supremo Bernie Ecclestone will sell his extraordinary collection of historic Grand Prix and Formula 1 cars amassed over 50 years. Ecclestone, 94, was for decades the commercial rights holder of Formula 1, and was therefore the man who made it the global sporting powerhouse that it is today and has engaged Tom Hartley Jnr Ltd.. It is fair to say … [Read more...]
Tavares quites Stellantis in shock move
The automotive industry has been rocked by the sudden resignation of Stellantis boss Carlos Tavares after ‘different views’ emerged between him and the board. The car maker – which runs Fiat, Peugeot, Citroen, Vauxhall, Jeep, Alfa Romeo, Chrysler and DS – said Tavares had stepped down with immediate effect on Sunday and an interim boss will head the massive … [Read more...]
Luton shut-down raises more fears
Last week's announcement that the Luton van plant will close in April with the loss of about 1,200 assembly jobs and thousands more in the supply chain has starkly brought home the issues facing the automotive sector and the components supply industry is struggling to survive as well. Ford plans to cut 800 UK jobs among 4,000 going in Europe and Nissan has … [Read more...]
EV sales slowly rising in most but not all markets
The global market share of petrol and diesel has fallen by a fifth in two and half years, according to data from New AutoMotive’s latest Global Electric Vehicle Tracker. Sales of internal combustion engine vehicles have slumped from 78% to 63%, with the market showing no sign of this trend slowing. Meanwhile, in the same period, electric vehicles (EVs) have … [Read more...]
Outlook for EV sales is worsening, say car makers
New evidence of worsening outlook for electric vehicle market reinforces need for urgent action, said Continental car makers. New data from S&P Global reveals a worsening outlook for the EU battery-electric vehicle (BEV) market amid shifting economic conditions. Between the first and second halves of 2024 market expectations significantly evolved, … [Read more...]
Rising petrol prices spark more ev interest
Almost all dealers believe that there is a direct link between higher petrol prices and buyers' interest in electric cars. November’s new Startline Used Car Tracker shows that 52% say the correlation is “significant” while 47% believe there is “some” impact. Overall, 60% think consumers are attracted to electric cars by low refuelling costs, 37% say higher … [Read more...]
Another Chinese brand coming to Britain
Xpeng is the next Chinese brand coming to the UK early next year, it was announced. The G6 SUV will lead the importation of a range which will be handled by the very experienced IM Group, which have enormous experience over almost 50 years with Subaru & Isuzu and recently added GWM of China to its portfolio while handling the parts operations for … [Read more...]
UK car market is turning around
The landscape of leading car brands in Britain is looking different with the arrival of more pure electric cars. Traditional market leading brands are taking a back seat as manufacturers who were among the first to "go-electric" are making big inroads among motorists and businesses seeking to "go-green" and the Skoda Enyaq (above) topped October's … [Read more...]
Used EV demand continues rising
It is positive to see that, following the best first half-year performance since 2019, the used car market has continued to demonstrate robust growth in this quarter, despite challenging conditions, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. The used car market experienced growth of 4.3% between July and September, … [Read more...]
New car sales slide again but EVs grow
October saw another month of contraction in the new car market, a concerning trend following August's end to two years of continuous growth. This decline is particularly worrying, as it highlights the volatility of the market right now, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. UK new car buyers now have more than … [Read more...]
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