As prices for used EVs have collapsed across the UK, the motor trade is calling for Government intervention and support to encourage private buyers. Support for the used electric vehicle market should be a feature of next month’s Spring Budget, says the Vehicle Remarketing Association. The trade body believes there is an imbalance in government incentives between new and used EVs, and that more … [Read more...]
Retail News
New tech puts brakes on longer deals
British drivers are pulling back from long leases as technology improves. A third of British motorists (32%) said they are far less likely to replace their existing car by committing to a three-year lease than they were 12 months ago. Mobility provider SOGO researched attitudes towards personal financial commitments and car ownership. The Society of Motor Manufacturers and Traders said around … [Read more...]
Garages move to keep MoT test for safety reasons
The Independent Garage Association has written to Louise Haigh MP, Shadow Secretary of State for Transport, seeking support to oppose any changes to the current MOT structure. Stuart James, IGA Chief Executive said, “Our current MOT testing system ensures that the UK roads are amongst the safest in the world. The Department for Transport cites taking away a financial burden from motorists, … [Read more...]
Electrical apprenticeships lead to some of best careers
A new guide published by the Department for Education and the Institute for Apprenticeships and Technical Education has highlighted the fact that electrical apprenticeships can offer some of the best career prospects for young people. ECA Director of Workforce and Public Affairs Andrew Eldred said, “This endorsement from the Department for Education and IfATE confirms what we in industry already … [Read more...]
EU laws reform must protect logistics and supply chains
Business group Logistics UK is urging the government to prioritise the needs of the logistics industry, as Parliament continues to debate the Retained EU Law bill. As Kate Jennings, the group’s policy director, explains, while regulatory simplification has its benefits, the scale of the task ahead of the government must not be underestimated if the UK’s highly-interconnected supply chain is to … [Read more...]
Mercedes-Benz Agency launches amid court claim
Mercedes-Benz UK has lauched its new Agency scheme for selling cars with a reduced role for traditional dealers. It says the programmes creates a new way to purchase a new car, providing customers with a contemporary and luxury buying experience. In the week before it introduced its Agency scheme, the car maker was in the High Court where preliminary hearings were outlining an estimated 300,000 … [Read more...]
Rethink gas pricing to boost take up of EVs, Government told
EV campaign group FairCharge and the want the Government to underline its support for the switch to electric vehicles by decoupling the wholesale price of electricity from gas, something which would immediately reduce the cost of charging EVs. The current high wholesale electricity price continues to be set by the unprecedented global wholesale price of gas, which has not only financially harmed … [Read more...]
Fuel for thought as petrol-car sales rise
New figures showing a rise in the sale of petrol vehicles highlight the urgent need to address motoring emissions, according to a leading fuel tech company. Information from the Society of Motor Manufacturers and Traders last week showed sales of petrol vehicles rose 14.6% year-on-year, accounting for 44.7% of all new cars sold in January. By comparison, while sales of battery models … [Read more...]
Weekend roadtest: Genesis GV70 2.5T AWD
In a year which saw Britain’s new car market bump along and end up way below expectations, Genesis has provided a head-turning performance building on exclusivity and service which most manufacturers cannot match. Genesis is the premium brand of Hyundai, which includes KIA, and has been on USA sale for a decade so they are not newcomers to the market but comparatively recent additions to the … [Read more...]
Falling value of new cars put off younger buyers
The depreciation value of 2022's most popular cars has been revealed According to a new report by Go.Compare Car Insurance, a high depreciation value would stop 70% of drivers from buying a particular make or model of car. Most young drivers have future finances in mind, with 73% of those aged 18 to 24 being put off a car if it depreciates quickly. Even loyal lovers of the latest … [Read more...]