More than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, says Sainsbury’s Bank. It's study found car buyers are planning to spend an average of £11,280 in 2019 and the top three reasons for investing in a new car include having a more environmentally-friendly vehicle (39%), being cheaper to run … [Read more...]
Retail News
BREAKING NEWS; Infiniti close Sunderlnd, pull out of Europe
Nissan’s luxury Infiniti brand is ending production in Sunderland and pulling out of Western Europe. Production of the Q30 and QX30 will cease within months at the plant which was told just last month that it will not get the next Nissan X Trail SUV. The decision is likely to wipe thousands of pounds off the value of any UK Infiniti models and … [Read more...]
Ups and downs of Geneva’s star cars
London-based JBR Capital, specialists in high-end vehicle finance, has named the top 10 cars that have appreciated in value or held their worth after launching at the Geneva Motor Show over the last decade. The Lamborghini Veneno (above), unveiled at the show in 2013, tops the charts as this ultra-limited edition has appreciated in value by 180 … [Read more...]
Newslines 8 March
The forthcoming Aston Martin DBX going into production in Wales later this year has been undergoing cold-weather testing in Sweden's arctic circle. Pirelli’s R&D Sottozero Centre at the Flurheden Proving Ground provides a range of extreme environments, from snowy roads to ice handling courses, allowing Aston Martin’s vehicle dynamics specialists – led … [Read more...]
Technology’s ticking time-bomb in trade
A new technology time-bomb is ticking in the used car trade. Rapidly changing vehicle technology means that the remarketing sector is going to have to undergo an unprecedented period of upskilling over the next decade, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage … [Read more...]
Tradelines 6 March
A proposed ban on commercial vehicles using tyres over ten years old has attracted qualified support from the Freight Tansport Association. It says many member fleets would need tyres replacing inside a decade but some very low mileage vehicles should be exempt from the ban. About 79M cars were sold worldwide in 2018, say the manufacturers. There … [Read more...]
St Athan Lagonda concept breaks cover in Geneva
This is the concept version of the futuristic luxury electric sports car Aston Martin Lagonda will be making in Wales inside three years. Aston Martin Lagonda presented the Lagonda All-Terrain Concept at the Geneva motor show today, continuing the journey with zero emission powertrain technologies in 2022 at a new state of the art facility in St Athan - … [Read more...]
UK new car sales soar as Geneva show opens
As the Geneva motor show opens, figures show UK car sales beat expectations and rose 1.4 percent February, boosted by rising sales of petrol and alternative-fuelled cars, according to the SMMT. Sales rose to 81,969 units from 80,805 in February 2018. In Wales, sales went up 6.44% last month and eased the year so far to a 1.98% increase with 2,396 … [Read more...]
FCA to act on car finance commissions
Some methods used by finance brokers to reward car dealers that end up overcharging an estimated 560,000 customers about £300 million pounds a year will be banned. The Financial Conduct Authority said it found widespread use of commissions that allow brokers to set the customer interest rate and thus earn higher bonuses. “We found that some motor … [Read more...]
Aston Martin mark St David’s Day and new Welsh plant
The Aston Martin DBX SUV, which will be built in St Athan near Cardiff, made a surprise visit to No.10 Downing Street in an early celebration of St David’s Day. Aston Martin Lagonda’s investment in a second UK manufacturing facility, which was announced in early 2016, will create over 700 new skilled jobs in the Vale of Glamorgan. Over the … [Read more...]
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