The 83rd President of the Society of Motor Manufacturers and Traders (SMMT) will be Mick Flanagan, Vice President for Volvo, JLR, Toyota, Nissan at Adient. He will assume office from 1 January 2024, replacing Alison Jones, Senior Vice President Global Circular Economy at Stellantis, who steps down after completing her two-year tenure. Mick draws … [Read more...]
KIA is king but Stellantis is hopeless, say traders
Kia is the best and Stellantis the worst brands to be selling, say car dealers. The NFDA Dealer Attitude Survey was conducted last month and asked franchised dealers questions about the on-going business relationship with their respective manufacturers. It brought 2,531 responses from 32 franchised networks, equating to a joint record response rate of 68%. … [Read more...]
Families turn backs on electric cars
The UK new car market grew 21.0% in September with 272,610 registrations in the month, according to the Society of Motor Manufacturers and Traders. The 14th consecutive month of growth was also the second busiest of the year after March, with the new number plate delivering its traditional market surge despite a challenging economic backdrop. Growth … [Read more...]
Weekend review: Old dogs & new tricks
More and more new names are appearing in the UK car market as it evolves into the electric age, but at the recent Society of Motor Manufacturers and Traders annual southern test day for writers near Basingstoke it was two familiar names which caught my attention. The Nissan X-Trail has been a success in Britain for over 23 years while smart has been hanging … [Read more...]
Tradelines 27 September
A new study by Auto Trader has found that the number of people claiming they’ll never buy an EV has nearly doubled, on the back of the government’s U-turn last week. Of the 1,700 in-market car buyers who responded to questioning, 37 per cent said they were unlikely to ever buy an EV and the figure is close to double the 21 per cent of people who said they … [Read more...]
Lords seeking clarity out of confusion
In response to Prime Minister Rishi Sunak’s net zero statement on Wednesday, Baroness Parminter, Chair of the House of Lords Environment and Climate Change Committee, has written to Mark Harper MP, Secretary of State for the Department of Transport. In the letter, Baroness Parminter, on behalf of the cross-party committee looking into the ev sector, … [Read more...]
Welsh new car sales leap over 26%
The new car market grew 24.4% in August with 85,657 new vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders. While August is typically a quieter month with many buyers choosing to wait until the September numberplate change, an increase of 16,799 units means the sector is now entering a second year of … [Read more...]
Newslines 7 August
Nissan has slashed prices of its Ariya EV range to offer a better proposition to owners and boot sales. All existing 63kWh ARIYA will be reduced by £3,000 and all 87kWh variants will be reduced by £3,750, making the price difference between the 63kWh and 87kWh batteries £5,000. while the line up now starts at £39,645 and the top spec ARIYA is available from … [Read more...]
Wales car sales soar by nearly a quarter in July
New car registrations in Wales shot up 23.8% despite the atrocious July weather, according to the Society of Motor Manufacturers and Traders. It was the same rise as in Northern Ireland but slightly trailed the growth in England of 29.5% and was ahead of Scotland’s 21.6%. New car sales in Wales reached 4,955 registrations last month and the UK totalled … [Read more...]
Stock funding key in troubled times
Data released by V12 Vehicle Finance shows the fastest-selling models to assist dealers with the acquisitions they make using stock funding. Over the last six months, the following manufacturers have stood out for stock being sold within the first 30 days of funding. Top 10 manufacturers on stocking plan less than 30 days Jaguar – 45% of volume sold … [Read more...]
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