Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank … [Read more...]
EU car makers holding breath over China duties
Car makers are closely watching developments after the EC decided to impose provisional duties on imports of electric cars manufactured in China, based on initial findings of an anti-subsidy investigation initiated last year. ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive … [Read more...]
Drivers pay £915 million in parking fines
Drivers are expected to fork out £2.15 billion in parking and traffic fines this year, with over 30 million requests being made to the DVLA for the name and address of vehicle owners so far. These requests allow private and public authorities to hand out fines and have resulted in drivers receiving a massive 62% increase in fines since 2020. Parking fines … [Read more...]
Newslines 14 June
The Toyota Corolla is a proud new recruit to the UK’s police, tailor-made and ready for duty as a reliable and durable top-quality patrol car that also offers the fuel and emissions efficiency benefits of hybrid power. To mark Corolla’s new role, Toyota Manufacturing UK recently hosted the equivalent of a passing-out parade for the car its Burnaston plant … [Read more...]
Chinese brands sweeping into dealerships
Xpeng is the Chinese electric vehicle manufacturer most likely to succeed in the UK market, named by 36% of dealers in new research. It is followed by Omoda (34%), BYD (31%), Lynk & Co (24%) and Nio (24%), according to June’s Startline Used Car Tracker. Other new entrants named by dealers include Jaecoo (19%), GWM ORA (17%), Zeekr (12%) and … [Read more...]
Soft-tyres hitting drivers’ hard in costs
A study by The Motor Ombudsman, the Ombudsman for the automotive sector, has revealed that drivers using their cars with tyres that are inflated below vehicle manufacturer recommended levels, is costing the nation’s motorists at least £112 million annually in wasted rubber. As well as presenting many hidden dangers, and increasing fuel consumption, running … [Read more...]
Tradelines 12 June
Residual values of used cars with manual transmission are in decline, with some models worth as much as 21% less than their automatic equivalents and fewer manual cars for sale in 2024 than ever before, reports Car Dealer magazine. Among the manufacturers that no longer offer any new models with manual transmission are Volvo, Mercedes, Jaguar and Lexus, all … [Read more...]
Hydrogen HiLux moves closer to realisation
A ground-breaking project to develop a hydrogen fuel cell Toyota Hilux pick-up has moved to its final phase, signalling another milestone in Toyota’s progress towards a zero carbon future. Since the unveiling of the first prototype vehicle in September 2023, Toyota and its consortium partners supported by UK Government funding have successfully progressed … [Read more...]
New vans shortage spurs second-hand sales
Four out of 10 fleets plan to start utilising second hand vans in the next three years, according to new figures. The research also shows that 16% of operators are already using preowned light commercial vehicles. The findings are taken from the 2024 Arval Mobility Observatory Fleet & Mobility Barometer, which questioned 8,605 businesses in 30 … [Read more...]
Welsh car workers get more pay and work less
Employees at Aston Martin St Athan have been given a pay boost and have working hours reduced. Aston Martin has completed a new long-term agreement with Unite, increasing pay for its valued employees whilst committing to reduce the contractual hours of manufacturing technicians in 2025 to promote a positive work-life balance. More than 2,500 eligible Aston … [Read more...]
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