Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank … [Read more...]
Soft-tyres hitting drivers’ hard in costs
A study by The Motor Ombudsman, the Ombudsman for the automotive sector, has revealed that drivers using their cars with tyres that are inflated below vehicle manufacturer recommended levels, is costing the nation’s motorists at least £112 million annually in wasted rubber. As well as presenting many hidden dangers, and increasing fuel consumption, running … [Read more...]
New vans shortage spurs second-hand sales
Four out of 10 fleets plan to start utilising second hand vans in the next three years, according to new figures. The research also shows that 16% of operators are already using preowned light commercial vehicles. The findings are taken from the 2024 Arval Mobility Observatory Fleet & Mobility Barometer, which questioned 8,605 businesses in 30 … [Read more...]
Covid cars masking missing features
Cars made during the pandemic with irregular specifications are causing valuation issues as they start to appear on the used market, says the Vehicle Remarketing Association. It is causing a headache for dealers and annoying customers who think they are getting models with higher specifications than is the case. Marcus Blakemore, chair of the trade body’s … [Read more...]
Emissions are biggest upcoming challenge for fleets
Implementing zero emissions policies will be the number one issue facing fleets over the next three years, according to new research. Almost four out of 10 (39%) fleet decision makes named this as their biggest challenge, followed by adapting to low emissions zones (38%), adjusting to restrictive public policies on petrol and diesel (37%) and mitigating … [Read more...]
Major cause of MoT fails down to electrics
Faulty electrical equipment accounts for the majority of defects found during MOT tests, according to new research. The research, conducted by Vansdirect, looked at the MOT testing data for Great Britain over the last 12 months, ranking the most common defects found in class 3 and 4 vehicles. The subsequent analysis found that lamps, reflectors, and … [Read more...]
Newslines 4 June
A special bonus awaits customers buying a new Toyota hybrid, plug-in hybrid or all-electric car or van during June – £1,000 to spend on their choice of Toyota products and services. Rather than tying the customer to a particular saving or benefit, Toyota is letting them choose how they use their £1,000, from raising their new car’s specification with extra … [Read more...]
World’s still raving over the Toyota RAV4
The Toyota RAV4 is celebrating three decades since it reshaped the automotive landscape, during which time it has become a global SUV icon. In March 1994, the Geneva Motor Show hosted the launch of a new type of vehicle: a compact, all-wheel drive SUV based on a monocoque body. The Toyota RAV4 was an original, being agile, versatile and designed to meet … [Read more...]
EVs easier to sell closer to petrol priced models
More than half of dealers (53%) say that electric vehicles become much easier to sell when they are priced the same as petrol cars. May’s new Startline Used Car Tracker also shows that a third (32%) think that EVs have become generally easier to sell in 2024. Paul Burgess, CEO at Startline Motor Finance, said, “The large reductions in prices and values … [Read more...]
Newslines 31 May
Two-thirds of drivers are unconvinced about switching to an electric car from a petrol or diesel model, says ALD Automotive Leaseplan. While there are favourable responses from existing ev drivers there is still work to do to encourage more to switch, with cheaper and more charging points among the factors. Toyota, Mazda and Subaru are developing new … [Read more...]
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