The impact of the coronavirus crisis and potential effects of Brexit are making planning beyond the short term almost impossible in the remarketing sector. So reports the Vehicle Remarketing Association (VRA), which points out that the currently booming market is arguably obscuring the potential dangers that lie ahead. Chair Sam Watkins said, “As has been … [Read more...]
Newslines 1 October
Audi is rolling out a plug-in hybrid version of its A3 Sportback from £33,060 and it’s comes to Britain before 2021. The compact 204ps Sport and S line models will cover 41 miles on traction battery alone and it joins the PHEV versions of the brand’s bigger models. Hyundai Ultimate Mobility Vehicles will be developed by a pioneering unit of the Korean … [Read more...]
Businesses stretch to survive
New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height … [Read more...]
£1 Billion plan to support auto supply chain
The Automotive Transformation Fund is a programme that aims to establish a competitive and sustainable UK Supply Chain. It offers a share of up to £1 billion of funding for industrial research and capital projects to support the industrialisation of a high-value, electrified automotive supply at scale. This is an expression of interest (EoI) competition … [Read more...]
Key workers and unemployed hit by insurance costs
People unemployed and some ‘key worker’ professions face significantly higher car insurance premiums because of their job or employment status, according to new analysis by comparethemarket. A policy for someone who is unemployed was 40% higher than a comparative policy for an employed person, or 54% higher than an HGV driver which is the cheapest … [Read more...]
Wedding rings and sun-creams, the future of your car
What happens to your scrapped car may surprise you. Scrap Car Comparison, the recycling comparison site, celebrates Recycle Week 2020 by showcasing just how many different products can be made from a scrap car. Highlighting the leading standard of recycling innovation within the automotive industry, Scrap Car Comparison has delved into the array of … [Read more...]
Handrakes are slipping says survey
Traditional mechanical parking brakes are slackening their appeal and dying out as car manufacturers ditch them in favour of electronic parking brakes, according to CarGurus. It found that just 24% of new cars on sale in the UK today come with a manually operated handbrake, falling even further from 30% recorded last year. Some popular … [Read more...]
Ford Bridgend plant closure and its Welsh legacy
Ford Bridgend Engine Plant closes down today after 40 years but its legacy is being set out for the future. Ford has been part of Bridgend and a major contributor to the Welsh economy and automotive industry for over 40 years so the full impact of the company’s decision to leave the town will be felt throughout the local economy and community for a long … [Read more...]
Newslines 25 September
Washing the car proves to be the most lucrative chore for cash-happy kids. Parents pay them an average of £2.51 per car wash, although this still falls short of what kids expect to be paid to get the car gleaming – a whopping £4.12…almost as much as the average cost to have your car professionally hand-washed in the UK at £6, according to a poll for … [Read more...]
Welsh drivers most eager to change cars
Drivers in Wales are the most likely in the UK to change their car despite the Covid-19 epidemic. A third of car buyers decided not to purchase this year due to the Covid-19 outbreak but the result vary across the country and Welsh drivers are most eager to change. A poll for the CarGuide website also showed a worrying national intention of 32% this year … [Read more...]
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