British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out. The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking … [Read more...]
Retail
VW roll out electric Transporter
Volkswagen Commercial Vehicles has announced its first fully electric van in the UK with prices for the zero-emission ABT eTransporter 6.1 starting from £42,060 exc. VAT. Developed in collaboration with Premium Partner ABT e-Line, the ABT eTransporter 6.1 combines quiet and smooth driving, instant torque, fast charging and high load capacity for the … [Read more...]
Sunday drive: On the road and in the news 24 May
With the continued absence of new cars to evaluate or product launches to attend I’m still sifting through newspapers and the dwindling supply of worthwhile press releases to keep readers in the picture as to what might be of interest in the motoring world, writes David Miles. It seems as though getting the country back close to normal life, if it ever will … [Read more...]
EV shocks for dealers
The move towards electric cars is going to be a shock for many car dealers, according to a new survey, writes Robin Roberts. While generally satisfied with manufacturers’ plans to introduce battery electric vehicles and hybrids, they are less happy about dealership costs and how they are going to make money in the longer term. Already coping with new … [Read more...]
Used cars recovering, expect prices to rise
The used car market is beginning to show signs of greater activity with the increase in the number of dealers transacting car sales online rising by the day. Now that socially distanced delivery has been introduced, both business and consumer confidence is starting to grow, and more dealers are being able to transact the whole purchase process in a more … [Read more...]
Cardiff’s luxury line-up revealed
A survey of supercar owners in Wales has thrown up a few surprises. Grange vehicles conducted an FOI request to the DVLA on supercar ownership to find out which luxury brands are the most popular with men and women across the country. It looked at popular brands including Aston Martin, Bentley, Bugatti, Ferrari, Lamborghini, Maserati, … [Read more...]
Newslines 22 May
Jaguar Land Rover’s Special Vehicle Operations division sold more than 9,500 high-performance models last year, up 64% on the year before, despite the virus pandemic impacting sales. Extremely strong demand for all seven SV vehicles has driven this growth along with an expansion to 100 SV specialist dealers around the world. Shadow Transport … [Read more...]
Filling stations win rates reprieve bonanza
Filling stations are in for a summer bonanza with repaid business rates after a Supreme Court ruling. The Supreme Court has ruled in favour of retailers, meaning that they will now be rightly owed around £500 million in business rates refunds, said Brian Madderson, Chairman of the Petrol Retailers Association. He was speaking after the Supreme Court’s … [Read more...]
Dealers plea for Government help
Six in ten car dealers want prolonged support with grants and loans from Government. New research from Close Brothers Motor Finance reveals the priorities across the motor industry as they call for further Government support in light of Covid-19. The sector has been hit particularly hard by the UK lockdown, with new car sales plunging 97% year-on-year in … [Read more...]
Car makers move to save extinction
CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers and component suppliers, as well as … [Read more...]
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