New figures showing a rise in the sale of petrol vehicles highlight the urgent need to address motoring emissions, according to a leading fuel tech company. Information from the Society of Motor Manufacturers and Traders last week showed sales of petrol vehicles rose 14.6% year-on-year, accounting for 44.7% of all new cars sold in January. By comparison, while sales of battery models … [Read more...]
Best Used Cars of 2022
Hatchbacks and city cars were the fastest selling used models of 2022, according to the latest ranking by AA Cars. The Ford Fiesta has retained its title of the most popular car overall for the eighth year in a row. The trend for smaller vehicles in this year’s fastest selling list reverses 2021’s ranking, in which eight of the top 10 quickest selling models were SUVs. The surging popularity of … [Read more...]
Car sales slowing across Europe
With the EU car market expected to shrink by over a quarter this year compared to pre-pandemic 2019 levels, the European Automobile Manufacturers’ Association is calling for a policy framework that enables the market to both recover and make the shift to zero-emissions. These include greater resilience in Europe’s supply chains, an EU Critical Raw Materials Act that ensures strategic access to … [Read more...]
September registrations’ uplift for the fallen
Britain's new car market rose 1.2% in August, said the Society of Motor Manufacturers and Traders. The growth, albeit marginal, is the first seen since February with some 68,858 new vehicles joining the road during what is typically the second quietest month of the year as many buyers choose to wait for a ‘new’ numberplate in September. In Wales, new registrations declined the most in the UK … [Read more...]
Inflation puts brakes on ev models
Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a hugely damaging impact on people’s lives, and … [Read more...]
Newslines 15 July
Mercedes-Benz will continue holding a stake in Aston Martin through an investment fund. Aston Martin said today it was looking to raise £653 million pounds through a right issue to shareholders, bringing in Saudi Arabia's sovereign wealth fund as its second-largest shareholder after the Lawrence Stroll controlled Yew Tree Consortium and Mercedes-Benz AG will together invest £335 million pounds … [Read more...]
Car sales take another battering in May
New UK car registrations fell -20.6% to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations amounted to 124,394 last month after a boom 12 months earlier when buyers were … [Read more...]
Newslines 22 April
Kia has revealed UK pricing and specification details for the all-new Kia Niro as customer pre-orders for the second-generation open with deliveries in the autumn. There is a choice of 139bhp 1.6 litre hybrid, 180bhp 1.6 litre plug-in hybrid and 64.8kWh pure electric models in three trim levels from £27,745, £32,775 and £34,995 respectively for each powertrain. The next generation BMW 7 Series … [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 page of TheMotorOmbudsman.org website, the … [Read more...]
The changing face of car sales and part exchanges
More manufacturers selling direct to the public is going to change the dealership model in future. The effects of the growth of franchise dealer agency models on the remarketing sector are not yet understood but could be far-reaching, according to the Vehicle Remarketing Association. Last year, Genesis launched as a manufacturer only on-line sales platform supported by its own experience centres … [Read more...]
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