Some european cars will rise in price under the Government’s proposed post-Brexit tariffs structures. The new tariff regime would mark a shift in favour of products from non-EU countries. Even so, they mean 82% of imports from the EU would be tariff-free, down from 100% now, while 92% percent from the rest of the world would pay no border duty, up from … [Read more...]
BREAKING NEWS; Infiniti close Sunderlnd, pull out of Europe
Nissan’s luxury Infiniti brand is ending production in Sunderland and pulling out of Western Europe. Production of the Q30 and QX30 will cease within months at the plant which was told just last month that it will not get the next Nissan X Trail SUV. The decision is likely to wipe thousands of pounds off the value of any UK Infiniti models and … [Read more...]
Motor industry dispels myths on road to Brexit
As the clock ticks towards a deadline for Brexit, the UK automotive industry outlines its views on ‘no deal’ impact, as Parliament debates the meaningful vote. Many commentators and politicians cite the automotive industry in Brexit discussions so, as Parliament debates the meaningful vote, the Society of Motor Manufacturers and Traders (SMMT) has … [Read more...]
Technology’s ticking time-bomb in trade
A new technology time-bomb is ticking in the used car trade. Rapidly changing vehicle technology means that the remarketing sector is going to have to undergo an unprecedented period of upskilling over the next decade, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage … [Read more...]
Tradelines 6 March
A proposed ban on commercial vehicles using tyres over ten years old has attracted qualified support from the Freight Tansport Association. It says many member fleets would need tyres replacing inside a decade but some very low mileage vehicles should be exempt from the ban. About 79M cars were sold worldwide in 2018, say the manufacturers. There … [Read more...]
St Athan Lagonda concept breaks cover in Geneva
This is the concept version of the futuristic luxury electric sports car Aston Martin Lagonda will be making in Wales inside three years. Aston Martin Lagonda presented the Lagonda All-Terrain Concept at the Geneva motor show today, continuing the journey with zero emission powertrain technologies in 2022 at a new state of the art facility in St Athan - … [Read more...]
UK new car sales soar as Geneva show opens
As the Geneva motor show opens, figures show UK car sales beat expectations and rose 1.4 percent February, boosted by rising sales of petrol and alternative-fuelled cars, according to the SMMT. Sales rose to 81,969 units from 80,805 in February 2018. In Wales, sales went up 6.44% last month and eased the year so far to a 1.98% increase with 2,396 … [Read more...]
Morgan Motor Company sells out to investors
The 110-year old Morgan Motor Company of Malvern has sold a majority shareholding to British investment group. The Investindustrial Group has backed Aston Martin and Ducati and its likely the Morgan family will become multi-millionaires through the deal which also sees all 190 employees become shareholders. Morgan became famous through its iconic … [Read more...]
Aston Martin mark St David’s Day and new Welsh plant
The Aston Martin DBX SUV, which will be built in St Athan near Cardiff, made a surprise visit to No.10 Downing Street in an early celebration of St David’s Day. Aston Martin Lagonda’s investment in a second UK manufacturing facility, which was announced in early 2016, will create over 700 new skilled jobs in the Vale of Glamorgan. Over the … [Read more...]
Dealers worried over deadline for petrol & diesel cars
Close Brothers Motor Finance’s Dealer Satisfaction Survey has found that two-thirds (66%) of car dealers believe the Government’s plans to ban petrol and diesel cars by 2032 will be too early. The qualitative survey of more than 200 dealers nationwide found that the vast majority (86%) believed the ban would cause another layer of confusion to the market, … [Read more...]
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