BCA has reported an upturn in auction sales values for soft tops for June 2016 compared to the previous month. According to the latest BCA Pulse report, average convertible values at BCA rose by over £1,000 on the back of increased demand, reaching £10,314 in June, compared to £9,288 in May – an increase month-on-month of 11.05% and average prices also … [Read more...]
Retail
VW dealers to get compensation for fraud, but only in US
Volkswagen AG executives in the United States have promised restitution within a month for American franchise dealers damaged by the carmaker's diesel emissions violations, The Wall Street Journal reports. A senior American executive from Volkswagen made the pledge at a meeting with over 150 dealers from the northeast at a hotel in New Jersey, the paper … [Read more...]
Buyers put safety in the back seat
Co-op Insurance revealed that the safety is not on the shopping list for the majority of car buyers across the UK, with only 4% placing it at the top of their criteria. However, despite this over three quarters (77%) of drivers are calling on the motor industry to be more proactive when it comes to highlighting both new and used vehicle safety … [Read more...]
Newslines 19 July
Aston Martin is recalling over 6,000 models in America to replace faulty locking mechanisms which may stop doors opening. Aston Martin Lagonda is recalling certain model year 2010-2015 DB9, 2010-2012 DBS, 2010-2016 V8 Vantage, 2012 Virage, 2010-2016 Rapide, 2014-2016 Vanquish, 2011-2016 V12 Vantage, and 2012-2013 V12 Zagato vehicles. A Day Ticket … [Read more...]
Q4 here for Brexit backlash – if it comes at all
The UK's decision to Brexit probably won't materially start to affect the UK used car market until the fourth quarter of 2016, say Glass's. The motor industry data market leader is forecasting that it will take at least this long for the initial impact of Brexit to start to make itself felt. The summer break, which usually signals a quieter period in the … [Read more...]
Business drivers give blessing to autonomous cars
Research suggests that 43% of UK businesses believe their drivers will accept using autonomous cars. Also, findings by vehicle leasing and fleet management company Arval shows that 38% believe that autonomous cars will have a positive impact on existing road safety issues. Shaun Sadlier, Head of Consultancy at Arval, said, “Clearly, … [Read more...]
Pump prices must fall, say RAC
The RAC is urging retailers to cut the forecourt price of petrol to reflect the falling price of unleaded fuel on the wholesale market. The price of oil is currently the biggest factor affecting the price UK drivers pay at the pumps, and a barrel of Brent crude oil ended both Monday and last Friday under $45 – the first time it has dropped to this point … [Read more...]
UK new car sales go into reverse
Wales' football success is thought to have scored an own goal in car showrooms as new car sales dipped in June after four years of sustained growth. SMMT chief executive Mike Hawes said the industry had seen a cooling off in showrooms for a few months and it was too soon to attribute the dip of 0.8% to the Referendum vote. “It’s important Government … [Read more...]
Volvo launch UK dealer sponsor programme
Volvo is planning to further invest in the brand and its network of dealers with the launch of its Sponsored Dealer Programme. While not a unique concept by the Swedish manufacturer, the Volvo Sponsored Dealer Programme is a first for Volvo in the UK and will play a pivotal part in meeting its target of 60,000 UK car sales by 2020. Volvo will give … [Read more...]
Audi sports cars are A-rated for low running costs
Audi sports cars come with an A-rating for low costs. The latest analysis from cap hpi looks at the total cost of ownership to reveal the 10 sports cars with the lowest motoring costs over the first 3 years. Once all the servicing, fuel and other motoring costs are taken into account, which cars perform the best? The Audi TT Coupe 1.8FSI sports 2DR … [Read more...]
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