Genesis will continue to sell a full range of models through its own-brand dealer network despite an operational merger with parent company Hyundai beginning in January. Genesis Motor UK will no longer exist as a standalone company from January 2024, as first reported by Car Dealer magazine, its operations being rolled fully into … [Read more...]
Ex-fleet sales will dramatically boost ev take up
If leasing companies electrify their fleets earlier, 18 million more households in the EU will have access to cheaper EVs and save on their car spending. At current rates of electrification, 33 million households in the EU will have access to second hand electric cars from today until 2035. But if the leasing sector accelerates its uptake of EVs, this … [Read more...]
Tradelines 22 November
The rate at which used car prices are dropping has taken the market by surprise, admits a motoring industry expert. Phil Nothard, insight director at Cox Automotive – the owners of Manheim Auctions – told the Car Dealer Podcast that significant price falls in the used car market have caused ‘waves across the sector’ and explained that the market had ‘slowed … [Read more...]
Delayed EV deadline boosts petrol and diesel sales, says Startline survey
Almost one in six motorists (14%) say that the government’s move to push back the end of petrol and diesel car sales to 2035 means it is less likely their next vehicle will be electric. However, 82% of motorists in Startline’s November Used Car Tracker also say that the decision will have no effect on their choice, although 6% admit to feeling “less sure” … [Read more...]
Hidden MoT test centres you can use
To help motorists save the pennies when it comes to MOT test fees, the driving experts at Scrap Car Comparison have shared a hidden hack, which involves booking cheap MOTs at some of the nation’s hidden council test centres. David Kottuan, Operations Manager at Scrap Car Comparison said, “Not many people know that lots of councils have their own MOT testing … [Read more...]
Used EV prices expected to fall in short term
Nearly half of dealers (46%) think the values and prices of electric vehicles (EVs) will fall following the government’s move to push-back the electrification deadline to 2035, as consumers take more time to make the switch. November’s new Startline Used Car Tracker also shows that 44% believe a corresponding rise in petrol and diesel prices and values … [Read more...]
Thieves target old Defenders for parts
The Land Rover Defender is a major target for thieves who can break them up within hours of getting their hands on them, say insurers. The UK’s leading rural insurer is urging farmers and other Land Rover Defender owners to take action to safeguard their iconic vehicles against clued-up thieves. NFU Mutual is urging Defender owners to adopt a combination … [Read more...]
Cold weather check list to keep going
As the temperature begins to drop, a car will breakdown on average every 6 seconds, with motorists having to fork out over £500 on car repairs per year. It’s important to be aware of the impact of cold weather and know how you can protect your car from damage. In doing this, you can ensure your car is the safest it can be when you are travelling in … [Read more...]
Aging fleets create service boost for independents
Fleet use of independent garages is around a quarter higher for company cars and vans aged four years old compared to their one year old counterparts, shows research. New data from epyx shows that buying of service, maintenance and repair (SMR) shifts from 30% independent garage and 70% franchise dealer at 1-2 years old to 35%/65% at 2-3 years old, 40%/60% … [Read more...]
Financial squeeze is cutting used car choice
The financial squeeze is starting to hurt car buyers. AA Finance said motorists are borrowing 5% less for used car purchases this year as the cost-of-living crisis bites. This time last year, the average loan would be enough to buy seven of the 10 most popular used cars but only four would be affordable after price rises were taken into account this … [Read more...]
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