Almost nine out of 10 motorists say it is important to have an independent, certified used electric car assessment showing how well previous owners have looked after the vehicle’s battery. While 83% want to know how long the battery will take to fully charge, 82% also want verification on the amount of battery capacity that has been lost since new and 81% … [Read more...]
Prioritise EVs and motor industry investment, says trade
A focus on electrification and investment in the UK motor industry should be among the priorities of the new Labour government, says the Vehicle Remarketing Association. Philip Nothard, chair at the trade body, said that while it was clear that the administration wouldn’t have large sums of money to spend, it should be concentrated in areas that produce the … [Read more...]
Used car prices to fall this year, traders tell Startline analysis
More than eight out of 10 used car dealers expect used car prices and values to continue to fall this year, new research shows. The March Startline Used Car Tracker says that one in five (20%) think the rate of fall will accelerate, 28% believe they will continue at the current speed, and 36% that they will be less severe. Paul Burgess, CEO at Startline … [Read more...]
Bank Rate rise is challenge to traders
The decision by the Bank of England to raise their interest rates by 0.25%, to 4.5%, will inevitably have implications on the motor trade, according the car dealers' body. The Bank of England has confirmed that interest rates will rise by 0.25%, from 4.25% to 4.5%, the twelfth consecutive rise since December 2021. Sue Robinson, Chief Executive of the … [Read more...]
Newslines 24 May
The Morgan Motor Company is completing the redevelopment of its visitor attraction, the Morgan Experience Centre, with the opening of its all-new interactive museum experience. The Archive Room is home to the full company archives, containing more than a century of artefacts, documents, photographs and footage that chart the unique history and heritage of … [Read more...]
Retail pricing becoming more volatile as shortages ease
Under normal circumstances, September would be a month of celebration and investigation for the industry as a whole with new car registrations taking priority over the used car business within retailers nationwide. However, 2020 has been a unique year so far and this time September has been a month fighting to sustain the recovery that started in June when … [Read more...]
Cazana’s Dealer Survival Guide
The motor trade is one of the world's toughest business sectors but the current Coronavirus is putting incredible strain on the entire sales stream and getting good advice is essential to keep businesses going. Here are five points to consider: Stay Safe Abide by the Government rules and close your dealership to help stop the spread of COVID-19 and keep … [Read more...]
Two Welshmen honoured at IMI centenary dinner
As it celebrates its 100thyear, the Institute of the Motor Industry recognised the exceptional contribution that two Welshmen, individuals and organisations continue to make in the development of the motor industry, at the IMI Recognition Awards . “As the automotive retail sector’s professional body we are massively attuned to the changes taking place that … [Read more...]
Dealers seek Government help
The retail automotive sector employs 590,000 people in the UK and businesses must be protected through supportive fiscal measures during the outbreak of the Coronavirus, said Sue Robinson, Director of the National Franchised Dealers Association. NFDA yesterday wrote a letter to the Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP and Alok Sharma, … [Read more...]
Motor trade targeted for data protection courses
The Motor Ombudsman automotive dispute resolution provider has introduced an online training course on the General Data Protection Regulation. EU’s Data Protection Directive 1995 and the UK’s Data Protection Act 1998, have been replaced by the new piece of legislation throughout Europe since last friday. The engaging and informative e-learning course … [Read more...]
