The latest initiative by the Retail Motor Industry Federation to address road safety concerns as a result of the DVLA’s introduction of a monthly direct debit to pay road tax has been welcomed by analysts at cap hpi. Whilst the move to help UK motorists spread motoring costs is greatly welcomed, research from cap hpi reveals that the new service is … [Read more...]
Retail News
Brits spend most on their cars
British cars are among the best maintained in the world, with UK motorists spending a collective £21.1 billion a year on servicing and repair. That’s according to a new report – the first official industry analysis of the UK automotive aftermarket – published today by the Society of Motor Manufacturers and Traders. The report, The Importance of the … [Read more...]
Motorhomes are bigger business
The UK motorhome market continues to go from strength-to-strength. According to the motorhome convertors, increasing numbers of buyers are new to the sector. Registrations of new motorhomes increased by 20.4% in the month of March 2016 compared with March 2015. A total of 2,352 units were sold in what is a peak month for the sector. New motorhome … [Read more...]
Extras that add value when you resell – Glass’s
Glass's has named the top five optional extras that add value when it comes to selling your car. Rupert Pontin, director of valuations, said that few options increased the value of a vehicle or made it easier to move on when it resold but that there were some exceptions. He explained: "Apart from these five, almost nothing that can be added to a … [Read more...]
Newslines 11 June
Autolink will take place on18 October at Cardiff City Stadium. This event provides an opportunity for Wales-based organisations to showcase their products, technologies and services to selected Vehicle Manufacturers and Tier 1 companies based inside and outside Wales including Aston Martin and Jaguar Land Rover. German prosecutors are investigating … [Read more...]
Consumers unaware of 2017 road tax changes
In the 2015 Budget, the Government announced a series of changes to road tax which will come into effect in April 2017, yet nearly two-thirds (59%) of adults are not aware of any changes according to Future Thinking, the business intelligence research consultancy, and Toluna. The results were taken from a survey carried out between 11 to 19 May, analysing … [Read more...]
Aberystwyth gets new Euro branch
Euro Car Parts has opened a branch at Parc yr Afon, Glan yr Afon Industrial Estate, Aberystwyth. The 7,660 sq ft (712 sq m) unit, which will have 14 staff, has been taken on a ten-year lease from Afan Construction Limited. Customers will have ready access to 18,000 lines of stock, as well as 45,000 stocked parts within two hours from the Swansea … [Read more...]
Brexit is baffling the big-car market, say Glass’s
Potential buyers of higher value used cars appear to be holding back until the outcome of the EU referendum is known, according to the UK's leading vehicle data provider, Glass's. The company is increasingly hearing anecdotal evidence from dealers that cars priced over £15,000 are struggling to sell - with a potential BREXIT apparently being the … [Read more...]
Trade lines 8 June
The Mitsubishi Outlander is the latest new car to have been “hacked”. The manufacturer is now advising owners to deactivate their on-board wifi to prevent potential thieves gaining access or altering settings until a fix is found by company. About 45% of young people trust their dad’s advice on buying a car, says HPI. Men are most likely to ask … [Read more...]
New car registrations hit 14 year high
New car registrations were the highest for 14 years in May. SMMT said 203,585 cars were registered in the month, the highest May figure since 2002. It was a steady 2.5% growth over the same month last year, and follows the trend of the previous two months, as fleet registrations drove the growth, with an 8.8% rise counterbalancing a -3.0% fall in … [Read more...]
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