Lexus is Britain's best brand to be selling, according to the latest poll for the National Franchised Dealers Association. It is encouraging that despite the challenges affecting our industry, franchised dealers show high levels of satisfaction around a number of key business areas, particularly current profit, margins on used cars and manufacturers’ … [Read more...]
EV cars are splitting society, claims used expert
Electric vehicles are a luxury that almost half of society can’t afford, according to claims from used car buying service, Choose My Car. The high cost of purchase, installing expensive charging points, and rising energy costs are just some of the reasons that lower-income drivers are being priced out of the EV market, said Founder … [Read more...]
Newslines 4 March
Wales-based insurer Admiral saw its profits rise 26% during 2021. It posted a pre-tax profit of £769m and means 10,000 employees will now receive free shares up to £3,600 as an incentive after the business benefitted from reduced cars on lockdown roads and more people working from home during the pandemic. Bridgend Council has again brought chaos … [Read more...]
Newslines 3 March
Isuzu UK has added JT Hughes Group to the dealer network in Newtown, Shrewsbury and Telford. The Shropshire and Mid-Wales based car retailer opened the new Isuzu franchise at the beginning of this month and hopes to grow its existing client base with the new range of Award-Winning pick-ups. The average price of petrol yesterday topped 152p a litre for the … [Read more...]
Fleet budgets challenged as hires are extended
Service, maintenance and repair budgets are being severely challenged as fleets are forced to run vehicles for longer, with no end in sight to the immediate lack of vehicle availability due to the semiconductor crisis. According to tyre and maintenance provider ATS Euromaster, both fleets and leasing companies are having to juggle new car availability … [Read more...]
Bigger spenders returned to forecourts last year
Figures from the Finance & Leasing Association show that the consumer car finance market reported new business volumes up in December 2021 by 2% compared with the same month in 2020. In 2021 as a whole, new business volumes grew by 9% compared with 2020 to almost 2.1 million cars financed, but remained 14% lower than in 2019. The consumer new car … [Read more...]
Car buyers researching rights more easily
The Motor Ombudsman’s Knowledge Base online resource designed to make it quicker and easier for motorists to resolve their query or complaint in relation to buying and owning a car prior to submitting a dispute, has achieved the milestone of one million views since launching in January 2019. Accessed via the ‘Find an answer’ button at the top of every … [Read more...]
Newslines 17 February
Pricing and specification for the Mazda2 Hybrid has been announced. Arriving in the UK in May, and available to order now, the Mazda2 Hybrid will be offered across three trim grades: Pure, Agile and Select with prices from £20,300 as a result of a joint venture with Toyota, who will make the car and badge it as a Mazda. Kia UK Limited has won the Feefo … [Read more...]
Used cars bounce back led by hybrids
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the Society of Motor Manufacturers and Traders. It reported 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth, the 2021 performance was still -5.5% … [Read more...]
Repairers preparing for new speed monitor law
The Department for Transport has provided further details to the National Body Repair Association about the new EU legislation regarding Intelligent Speed Assist. In a letter in response to an enquiry made on behalf of NBRA, the DfT has confirmed the new EU legislation regarding Intelligent Speed Assist (ISA) is scheduled to apply to new vehicle types in … [Read more...]
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