British luxury car makers may still be hit by higher tariffs on US sales. Last month, the UK car sector was breathing sighs of relief that it has escaped the highest American tariffs being proposed by US President Donald Trump but last week he announced that he may soon raise auto tariffs, aiming to encourage automakers to accelerate their investments in … [Read more...]
Warnings on motoring costs and insurance pitfalls
IAM RoadSmart, the UK’s leading road safety charity, has launched the eighth edition of its annual Driving Safety Culture report, with its key objective to reveal the biggest issues impacting motorists on the roads. The annual report, which has studied UK motorists’ driving safety attitudes and behaviours since 2015, has highlighted the biggest worries for … [Read more...]
Car sales slipping as autumn nips in
The number of dealers feeling negative about the used car market has almost quadrupled in a month, according to this month’s Startline Used Car Tracker. In November’s survey, 49% say they are pessimistic in outlook compared to 13% in October. Conversely, the percentage who are optimistic has fallen from from 23% to 8%. Dealers whose view of the market is … [Read more...]
Fleet price rises “almost inevitable” warns supplier
Price rises for a range of popular fleet cars and vans is “almost inevitable” over the next few months, FleetCheck is advising. Andy Kirby, customer success director at FleetCheck, said that a range of factors from rising raw material costs to much slowed production would all create upwards pressure. He said: “Through our sister company, Fleetfind, we help … [Read more...]
Carmakers clamour for Brexit deal
A ‘no-deal’ Brexit must be ruled out now to avoid damaging one of the EU’s most valuable economic assets, the Society of Motor Manufacturers and Traders is warning. Time is running out, and negotiators on both sides of the Channel must prioritise the agreement of terms for a managed withdrawal and ‘status quo’ transition as soon as possible. ‘No-deal’ … [Read more...]
Europe’s warning on car price rises
The European Automobile Manufacturers’ Association strongly regrets the introduction of provisional measures to curb steel imports into the EU, approved by the European Commission. In March, the Commission initiated a safeguard investigation in response to US restrictions on steel and aluminium. The provisional outcome of this procedure, announced today, … [Read more...]
£6.5 Billion bill for new car buyers after Brexit
Brexit uncertainty and the prospect of increasing car prices could cost the new car market an estimated £6.5 billion. An estimated 377,000 motorists ‘strongly agree’ that Brexit is making them think twice about buying a new car, according to research by AA Cars, the used car website. Around a quarter of motorists predict leaving the EU will push up the … [Read more...]
