A recruitment drive is underway in motor dealerships around Britain. The retail side of the automotive industry employs nearly 600,000 people and is one of the biggest and most varied sectors. There are automotive dealerships all over the UK and your local one might have the right opportunity for you to kick-start and develop your professional … [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 25 April
New research reveals that of the 20 million drivers who regularly use their car for journeys of between one to two miles, some 6.9 million (34%) want to switch to other travel methods. Almost one in seven car owners (13%) said they want to cycle on more of these trips, while 6% want to make more use of an electric bike. The study has been carried out for … [Read more...]
New car sales slowly rising
The first quarter of 2023 has been positive for UK new vehicle sales, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. “It is extremely encouraging to see sales figures starting to emulate pre-pandemic trends, particularly for the plate change month of march and consecutive months of optimism and growth,” she said, … [Read more...]
Newslines 10 October
EV drivers who charge mostly from home will see a small rise in electricity costs from 28p to 34p per kWh as part of the Government’s October Energy Price Cap. The price cap will remain in place until 2024 so it’s a good news story for those who are able to charge at home, especially as domestic electricity prices were set to rise to 52p per kWh from … [Read more...]
Stellantis struggling in showrooms
Franchised car dealers have been rating their manufacturers in the annual survey. An analysis of the ‘overall average score’ across all questions of the survey (6.4) put Lexus at the top with 9.2 points out of 10, followed by Mercedes (8.4) and Kia (8.4). The bottom of the table saw Fiat (3.7), Abarth (4.4), and Alfa Romeo (4.7), which is bad news for the … [Read more...]
InstaVolt raising public charging price
EV charging network InstaVolt has raising its price 15.7% to 66ppkWh from Monday. The rise from 57ppkWh applies to all payment types and the company says the steep rise is due to the enforced 20% VAT rate on public chargers compared to just 5% levied on domestic points. Other public point providers are expected to follow suit as the electric supply … [Read more...]
Dismay at end of PHEV grant as fuel prices soar again
The government is today ending the plug-in car grant allowance for new orders after successfully kickstarting the UK’s electric car revolution and supporting the sale of nearly half a million electric cars. The announcement was greeted with dismay and concern by car makers, the motor dealers and charging network suppliers. It could also boost demand for … [Read more...]
New car sales crumble, used-models in demand
New car sales are still crumbling under the weight of supply shortages, rising costs and concerned buyers facing higher costs of living. UK new car registrations fell by -15.8% to 119,167 units in April, according to the Society of Motor Manufacturers and Traders. Despite showrooms being open for the entire month, unlike the previous year which saw … [Read more...]
Government continue backing for EV knowledge training
The Government will continue support for NFDA’s Electric Vehicle Approved accreditation scheme until the end of the financial year in April 2023. The EVA accreditation scheme was developed in 2019 by the National Franchised Dealers Association to encourage retailers to enhance their expertise in the electric vehicle sector and support consumer confidence … [Read more...]
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