The UK Government’s decision to lower the value of its plug-in car grant EV incentive will have little impact on used car values, according to Cap HPI.
Next month’s post-Lockdown reopening of car showrooms across the UK has been described as a “ray of light” following another 14% decline in UK manufacturer’s vehicle output in February.
Snows has revealed it has sold £37m worth of cars online in the last 18 months using its GForces NetDirector Auto-e platform.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said that electric revolution is “primarily for fleets, not families” and called for change to drive mass adoption.
Labour’s shadow business minister Ed Miliband has called for interest free loans to help low and middle-income families purchase a new electric vehicle (EV).
Vauxhall has responded to Government's changes to its plug-in car grant (PCiG) by cutting the list prices of its Mokka-e SUV and Vivaro-e EVs to ensure they remain eligible for the revised incentive.
Peugeot’s 208 hatchback and 2008 compact SUV finished first and second in the rankings of Europe’s best-selling cars during February, Jato Dynamics’ data has revealed.
Nearly two-thirds of car owners admit they are delaying car servicing and repair work due to coronavirus concerns, according to research by Bumper.
The number of cars on UK roads that have missed their MOT by more than three weeks has tripled during the last six months.
Car buyers have described Government’s plug-in grant as “very important” driver of the shift to electric vehicles (EV) as 79% said they disagreed with Government’s recent changes to the scheme.
Pendragon has reported an underlying profit before tax of £8.2 million in 2020 annual financial results which painted a picture of a COVID-19 impacted year of two halves for the car retail sector.
When Arnold Clark chief executive Eddie Hawthorne openly conceded that he had initially felt the COVID-19 crisis would be “over by Easter”, it was clear that nobody in the sector could have imagined being in lockdown 12 months on.
The phased easing of COVID-19 ‘Lockdown 3’ could deliver a staggered recovery for car retail or a double whammy of opportunity for dealerships across the UK, it has been suggested.
Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
Honda UK has said that it has “no specific plans” to introduce an agency model to its franchised car retail network.
Growth in the value of used cars is beginning to stabilise despite signs of an acceleration in demand from consumers as the easing of COVID-19 ‘Lockdown 3’ draws nearer, according to Auto Trader.
Strike action proposed by COVID-19 hit employees at the DVLA’s Swansea headquarters could be set to impact the car retail sector’s own recovery period, Cox Automotive has warned.
The BMW Group is set to take Mini all-electric by the early 2030s with 50% of all its car sales fully electric vehicles (EV) by 2024 as part of a strategy targeting “significant profit growth”.
The Society of Motor Manufacturers and Traders (SMMT) has accused the UK of making “the wrong move at the wrong time” with a decision to slash the plug-in car grant incentive on an electric vehicle (EV) purchase.
Lookers has said that it expects to deliver a “small profit” and reduced debt in its 2020 annual financial results – defying analysts’ loss predictions.
