Articles by Tim Rose - Page 30

Auto Trader reports that a 40th consecutive month of year-on-year used car price growth now leaves the average second hand car some £4,000 more expensive than in April 2020 when prices began to climb.

With London offering a £2,000 scrappage incentive to encourage city dwellers to scrap their oldest cars that won't be compliant with the expanding ULEZ ultra low emission zone, used car dealerships could be poised to tempt them with cheap replacement runabouts.

The number of new cars sold in July was up 28.3% versus July 2022, marking the 12th consecutive month of registrations growth since the market was hit by COVID disruption and supply issues.

Toyota Lexus, which have offered hybrid petrol-electric powertrains since the 1990s and were among the first to move away from diesel last decade, face a "very difficult" short-term challenge in the UK Government's proposed zero emissions vehicle (ZEV) mandate.

The Suzuki Swace petrol-electric hybrid is delivering 60mpg during the first few weeks of AM's long-term road test

The Health and Safety Executive has urged motor repair workshops to ensure their processes and practices are fit for purpose as its data shows that 21 workers in the sector have been killed in incidents since 2017.

While Auto Trader's Retail Price Index data reveals a slight softening in the growth of used car retail values this month, the used car buyer is still facing price rises the longer they wait.

Stellantis has launched online direct sales of used cars in the UK today through its Spoticar division.

A trading update by Pendragon has reported a "robust performance" in the first half of 2023, despite the headwinds of rising interest rates and inflation.

The German electric light commercial vehicle brand B-ON says it is well on the way to its aim for 25 dealerships in the UK after securing preliminary agreements from a number of dealers.

Less than six years since its inception the Independent Motor Dealers Association has reached the 1,000 member mark.

Renault Group UK has told AM that its latest steps to reduce the number of car dealerships that it wants in its dealer network will have minimal impact on car buyers.

A decision by fleet maintenance operation Rivus to close 48 of its 78 light commercial vehicle garages could provide opportunities for franchised dealers seeking technicians.

Reducing Pendragon's carbon emissions by 5%, increasing female representation in management positions and bringing at least two new OEMs on board are among the three-year targets set for the AM100 dealer group's chief executive Bill Berman and chief financial officer Mark Willis.

Renault Group and China's Geely are set to launch a joint venture company able to produce annually up to five million efficient powertrains, including hybrids and plug-in hybrids.