Cardiff will be one of the first UK cities to get the latest type of electric taxi from converted petrol or diesel cars. All-electric taxi and van conversions, Dynamo Motor Company has announced its next expansion phase, where it plans to recruit an extra 275 people in the UK and convert up to 10,000 taxis and commercial/privately owned vehicles per year in 2026. Through its Seedrs campaign … [Read more...]
Newslines 15 July
New petrol and diesel cars will be banned from sale by 2035, lorries five years later and aircraft and shipping will face stinging new fuel taxes under proposals announced this week by the EU. Imported steel used to make vehicles will also be heavily taxed as the EU seeks to dramatically reduce cross border carbon footprints. Ex Renault-Nissan boss Carlos Ghosn has told the BBC how he was … [Read more...]
Used prices slipping back again
Used car sales have slipped back, said analyst Cazana's Director of Insight, Rupert Pontin.The car market in June 2021 has so far proven to be extremely exciting, and last week was no exception as both new and used car sales had another week of varied activity levels.- Used Car Sales Down -17.5% Week on Week- Cazana Used Car Retail Price Index Dips by -2%- The Volume … [Read more...]
DVLA registration auction has F1 edge
Heading the raft of registrations being offered by the DVLA during the online seven-day sale beginning on 23 June is MCL 35M, which has a starting price of £350. It’s the model number of the racing machine currently vying for honours and being driven by Brit Lando Norris and Aussie favourite Daniel Ricciardo. Similarly, the line-up includes SF21 FER which reflects the Ferrari driven by Monaco … [Read more...]
Skilled EV workforce not keeping pace with new vehicle sales
Latest data from Institute of the Motor Industry reveals a chasm in EV skilled workforce compared to growth in BEV, PHEV and HEV sales. As the latest SMMT data shows that EV sales represent 23% of the new vehicle market in May, analysis by the Institute of the Motor Industry (IMI) reveals that by the end of 2020 only 6.5% of the automotive sector was EV ready. This is just a 1.5% increase on … [Read more...]
Post Coronavirus symptoms trouble trade
The recovery from Covid-19 continues to be the main concern for car dealers when thinking about the future of their business, according to new research from Close Brothers Motor Finance. Over a third (35%) of dealers surveyed in the Dealer Satisfaction Survey said that Covid-19 recovery and the potential for future lockdowns poses the biggest threat to their business in the next 12 months, while … [Read more...]
RAC underwrite used evs and hybrids
A new warranty for used electric and hybrid cars is launched today by the RAC. The RAC Electric Vehicle warranty will be supplied exclusively through the 1,300-strong RAC Dealer Network and can be applied to any used electric or hybrid car up to a maximum of eight years old and with 80,000 miles on the clock at the time of purchase. Cover is available for a variety of periods up to 24 months and … [Read more...]
Slow recovery in new car registrations
New car sales are slowly picking up after the first full month of showroom openings, said the Society of Motor Manufacturers and Traders. Registrations in May reached 156,737 units, an almost eightfold increase on the same month last year, but down -14.7% on pre-pandemic May 2019, and -13.2% on the 10-year May average. Against a more positive economic backdrop – including OECD forecasting a 7.2% … [Read more...]
Vans will have to carry more miles, warn ATS Euromaster
Fleets will need to keep their new vans in service for longer than planned because of the component shortages affecting vehicle production across the board from cars to heavy trucks. With van production slowed or suspended thanks to lack of microprocessor chips, lack of available product means fleets will not be able to replace vehicles that would normally be de-fleeted during the coming … [Read more...]
Rising hesitancy over buying is the new norm
There is no doubt that new and used car sales are right at the forefront of the car retailer’s commercial strategy at the moment, said Rupert Pontin, Director of Insight at Cazana, the motor trade analysts. As another week of strong sales performance passed by and the retailers continued to make the most of the pent-up buyer demand, new car sales looked good, although the restrictions on supply … [Read more...]
