Like most businesses, motor trade companies are currently facing challenges due to the current economic climate and the cost of living crisis. Today many motorists either can't find the car they want to buy due to limited supplies or can't afford to replace their vehicles due to the cost of living crisis placing pressure on personal finances. Therefore, … [Read more...]
Logistics UK backs private CV testing
Britain's transport professionals are backing a move to privatise CV testing and licensing to speed up a historical struggling Government-run system. Logistics UK has supported the move to allow Earned Recognition (ER) operators to either carry out their own MOT testing on vehicles and trailers or delegate the responsibility to their third-party maintenance … [Read more...]
Tradelines 14 June
Used car sales for the UK’s Top 200 dealers showed signs of recovery in May after a dramatic slide in the previous month. Data from our used car partner CarCondor.co.uk showed sales of second-hand cars jumped by 2.9 per cent to 164,138 in the fifth month of the year and follows a poor performance in April which saw sales plummet 10.54 per cent to 159,478, … [Read more...]
Creating order out of chaos
The vital role the remarketing sector is playing in the electric vehicle transition needs to be more widely recognised and supported if it is to succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said without an efficient and properly functioning EV service, logistics, storage and remarketing industry to support the volumes of … [Read more...]
Trade Centre profits fall despite soaring sales
Trade Centre Group profits more than halved last year. Figures filed at Companies House, Cardiff for 2022 show the used car supermarket group with showrooms at Neath and Cardiff saw profit before tax collapse 62.9 per cent from £18.6m in 2021 to £6.9m in 2022. The group has other outlets in Coventry, Rochdale, Rotherham, Wednesbury and Birmingham and sold … [Read more...]
Deeside college students plug into EV technology
Students powering through an innovative electric vehicle programme in Wales want others to plug-in and join them and meet growing demand for thousands of technicians nationwide. The Hybrid/Electric Vehicle Repair 2 and 3 qualifications at Coleg Cambria Deeside have been a huge success, with up to 100 learners completing courses in the past 18 months. And … [Read more...]
EV discounts arriving to lift sales
Discounts are starting to appear on new electric vehicles for really the first time since they entered the mass market, delegates were told at the Association of Fleet Professionals 2023 Conference. Recent price cutting by Tesla and the arrival of new manufacturers from China were both helping to create a more competitive environment, alongside a gradual … [Read more...]
EV values slide as fleets reshape businesses
Used electric cars and vans are expected to fall further in value in coming months, according one industry expert. The slippage might also see petrol and diesel models cut back by manufacturers to meet tightening ev sales targets by Government. Interference in the ICE market will have the effect of driving up values of existing models as a … [Read more...]
Stocking issues continue for dealers
More dealers say that stock supply is currently the biggest challenge facing their business than at any point in over a year. May’s Startline Used Car Tracker shows that 84% believe it is their number one concern. This is the highest level since the monthly survey first began 13 months ago, with the previous high of 77% being recorded in July … [Read more...]
Newslines 23 May
RM Sotheby’s has successfully conducted its biggest ever Villa Erba sale, grossing a remarkable €52,953,100 in front of a packed salesroom on the shores of Lake Como. The undeniable star attraction of the sale was the no reserve Aurora Collection, which sold for an astonishing cumulative value of €25,288,500 after hotly contested bidding throughout with a … [Read more...]
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