Analysts say carmakers will miss UK Government ZEV mandate targets by 346,000 units in three years unless ‘major consumer concerns’ are addressed. That is according to Cox Automotive in its latest Insight Quarterly report which backs up studies by Regit that found that several key blockers remain in place stunting mainstream EV adoption among UK car … [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...]
Tradelines 22 March
Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward … [Read more...]
£60 paybacks on way to millions of UK car owners
If you bought an imported car between 2006 and 2015 it’s possible you’ll be getting £60 compensation as part of a £150M lawsuit brought against five shipping companies. The carriers MOL, K Line, NYK, WWL/EUKOR and CSAV have admitted to European officials that they fixed prices to inflate charges over the nine years and face the equivalent of £340M in … [Read more...]
Newslines 30 July
Some used cars values have risen over £8,000 in three months, reports CarDealermagazine. Biggest percentage earner is the Mini Cooper S but it’s the luxury Jaguar F-Type convertible which has done particularly well in hard cash terms as newer versions are slower coming through production and eager buyers are willing to pay above book prices. The Volkswagen … [Read more...]
