Zero-emission, long-range hydrogen-powered commercial vehicle innovator, Hydrogen Vehicle Systems, has confirmed its state-of-the-art zero-emission hydrogen-electric Heavy Goods Vehicle will have a range of up to 370 miles depending on load and route coupled with an industry-leading refuelling time of just 15 – 20 minutes. The eagerly anticipated HGV will be revealed at the Commercial Vehicle … [Read more...]
Dealers putting brakes on buying EVs
Dealer margins are being squeezed as despite strong demand it is proving difficult to push retail prices up, according tp CAP HPI. This is due to consumers cost-of-living concerns and high used car prices from increases since the start of COVID, and especially in 2021 when values increased by c.30% on average. Plus there is strong competition from other physical and online retailers. When you … [Read more...]
Trade lines 18 January
Premium automotive brand, Genesis, will open a new Studio in Edinburgh, highlighting the company’s continued expansion since its arrival in 2021 and marking its first retail Studio in the UK outside London. Designed around a Korean white space theme and with Genesis Personal Assistants on hand to welcome visitors, customers will be able to configure their cars and experience materials, colours … [Read more...]
Tradelines 30 November
The excessive margins being taken on fuel by the UK’s four big supermarkets have been further called into question as the RAC discovered membership-only retailer Costco has reacted to the falling wholesale market by cutting its petrol by 8p a litre to 147.7p– 12p less than the average price of a litre bought at a supermarket and 14p lower than the UK average. The RAC – which earlier this week … [Read more...]
Families sell cars to pay bills
The cost of living crisis is forcing families to sell their cars, according to October’s Startline Used Car Tracker. Almost one in four (23%) say they already or are going to reduce the number of cars in their family while 61% say that tightening personal finances have changed their attitudes to car ownership for the worse. Paul Burgess, CEO at Startline Motor Finance, said: “There’s probably … [Read more...]
Suzuki SX4 is a best buy
The average value of a used car has rocketed in just two years according to Auto Trader, the UK’s largest automotive marketplace. When compared to pre-pandemic June 2019, a used car has seen a typical increase in value of a whopping £4,100. That’s the findings from Auto Trader’s monthly Retail Price Index, which is based on daily pricing analysis of circa 900,000 vehicles and is set to be used … [Read more...]
Newslines 8 August
The RAC wants the Government to do a u-turn on ending the plug -in car grant. The incentive was ended this spring to encourage motorists to choose pure evs but after a disastrous summer of new car sales RAC EV spokesperson Simon Williams said, “ With high fuel prices and the overall cost of living continuing to bite, drivers are increasingly looking to low-running-cost alternatives to petrol and … [Read more...]
Newslines 9 June
Welsh Government has grounded the £2.9M a year daily flights between Cardiff and Anglesey, which had stopped over the last two years due to Covid-19. It said air pollution and passenger numbers did not make a case for the service with more home working and now funds will be given to develop better broadband provision in North Wales and invest in rail and bus links between the centres. European … [Read more...]
EV and used car sales are soaring
The UK’s used car market increased 5.1% in the first quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders. Some 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021, when car showrooms nationwide were closed due to pandemic-related lockdowns with only click and collect transactions … [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 lockdown restrictions in place until 12 … [Read more...]
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