The coming weeks will be a frantic scrabble to shift metal to the customer in the most efficient way possible, to meet both profit targets and volume commitments given to the manufacturers earlier in the year, reports Glass's. Market feedback in recent months shows that the retail consumer has been a little less prevalent on the forecourts and the SMMT … [Read more...]
Retail
Tradelines 3 September
Mitsubishi Motors Corp.'s headquarters and Nagoya plant were raided by Japanese government officials this week. The raid comes after Mitsubishi said that more of its vehicle models were involved in a mileage cheating scandal than initially stated and deepens the crisis for the Japanese automaker struggling to recover from a mileage manipulation scandal … [Read more...]
VW UK told to clean up its act and compensate owners
An influential group of British politicians has called on the Government to set strict timelines for Volkswagen Group to recall tainted diesel vehicles and compensate their British owners. VW is "only just beginning to recall cars in the UK," where about 1.1 million vehicles were found to contain software that rigged emissions tests, said Parliament's … [Read more...]
Greedy dealers are losing money on sales
Fleets "hanging onto" cars and vans in an attempt to achieve unrealistic and inflated valuations are causing distortions in the used car and van markets, say Glass's. Reluctance to sell below these guide prices, and continually resubmitting vehicles for sale at the same or other auctions, creates a range of problems, said Rupert Pontin, director of … [Read more...]
Tradelines 31 August
Ashley Andrew has been appointed Managing Director of Fiat Chrysler Automobiles UK, with immediate effect. Mr Andrew, 45, was most recently Head of Marketing, Skoda UK, overseeing product, communications, digital and media and was previously Head of Operations at SEAT UK, after positions with Rolls-Royce, BMW, MINI and Ford. Volkswagen is revealing a … [Read more...]
Clock the classics from the ’80s and reap rewards
Hot hatches are future classics and highly collectable, says one insurer. Who can forget the incredible 80s, well except Gen Ys and millennials perhaps? The era of vintage Madonna, neon bodysuits, E.T. and of course amazing hatchbacks, thanks to the popularity of KITT, the almost-human like companion of Michael Knight in the iconic hit hit Knight … [Read more...]
Niche job site for automotive recruiters
BEN, the not-for-profit organisation dedicated to supporting those working in the automotive industry, has launched a new recruitment website designed to give automotive recruiters a niche job board exclusively for the industry. This new partnership initiative is part of BEN’s ongoing strategy to be an integral part of the automotive sector and ensure … [Read more...]
Buyers are more mobile savvy than ever
The move towards car buyers using mobile devices to access dealer web-sites is continuing at a pace, according to new figures from Wales-based iVendi. They show that last month, 64% of all visits logged through the iVendi Platform’s consumer areas were by smartphone or tablet, compared to 37% via a laptop or desktop PC. This has increased from a 60%/40% … [Read more...]
Tradelines 24 August
Welsh Government is halving support it offers to firms for youth job creation. Jobs Growth Wales did offer 100% subsidy for firms to employ people aged between 16-24, but its now halved that and says it is part of a readjustment of activities to merge Jobs Growth Wales, ReAct and Traineeships. The RAC will take legal action to stop unaccredited garages … [Read more...]
Used cars’ value bounces back after Brexit vote
Used car values bounced back in July from a marginal dip in June, according to BCA. The data shows an 8.2% increase in average values year on year, with the headline figure up £635. Month on month there was a 1.7% increase in the headline average value of a used car. Whilst model mix and seasonal variations will have a part to play, the headline … [Read more...]
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