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Used cars remain steady through March
- 19/04/2024
- Posted by: Alan Feldberg
- Category: News
Used car values held firm during March with average prices down just 0.6%, or £42, from February. According to data from BCA, demand for two- to four-year-old cars remains strong, although prices are falling for older and higher mileage vehicles. Stuart Pearson, BCA COO, said: “Whilst there has been some [...] -
Police seize over 200,000 vehicles
- 19/04/2024
- Posted by: Alan Feldberg
- Category: News
More than a quarter of a million vehicles were taken off UK roads last year. According to a new Freedom of Information request by National Scrap Car, 214,051 cars were seized by police forces during 2023 based on information from 23 of 45 police forces. The cars were seized for a number of reasons including no [...] -
Motofix Group chooses GYS to replace all bodyshop equipment
- 18/04/2024
- Posted by: Bob Malkowski
- Category: News
Motofix Group has selected GYS to replace all bodyshop equipment as part of £250,000 investment in the latest repair equipment technology. Each Motofix site has received a new GYS Spot Welder, Pulse Mig Welder, steel and aluminium dent pulling system, and induction heating package. Michael Beale, Motofix Group [...] -
Hybrid demand rises as EV appetite falls
- 18/04/2024
- Posted by: Alan Feldberg
- Category: News
New data has revealed a dampening of demand for EVs in favour of hybrids. According to new registrations figures published by the European Automobile Manufacturers’ Association, EV market share across Europe fell by 11.3% in March to make up just 13% of new car sales, while hybrids rose by 12.6%. Meanwhile, [...] -
BASF wins General Motors supplier award
- 18/04/2024
- Posted by: Alan Feldberg
- Category: News
BASF has been recognised as a 2023 Supplier of the Year by General Motors. The awards recognise outstanding performance in categories such as product purchasing, global purchasing and manufacturing services, customer care, and aftersales and logistics. Uta Holzenkamp, president of the BASF Coatings division, [...] -
Inchcape announces sale of retail operations
- 18/04/2024
- Posted by: Alan Feldberg
- Category: News
Inchcape has announced it is selling its retail operations to US-based Group 1 Automotive for £346m as it continues its shift to a distribution-focused organisation. The deal, which is expected to be concluded by the third quarter of the year, includes more than 80 forecourts. George Ashford, chief executive, [...] -
Signs of tide turning against agency model
- 18/04/2024
- Posted by: Alan Feldberg
- Category: News
New data suggests that attitudes are cooling towards the manufacturer agency model, which essentially means the manufacturer sets a vehicle’s retail sale price. According to research carried out by Startline Motor Finance, 72% of dealers believe the industry is moving away from this model, with 36% believing that [...] -
BIBA and Novo unveil new EV-dedicated scheme
- 17/04/2024
- Posted by: Alan Feldberg
- Category: News
The British Insurance Brokers’ Association (BIBA) has joined forced with Novo to launch a new motor insurance scheme tailored directly for electric vehicles. Available to all BIBA members, the scheme offers comprehensive cover, like-for-like replacement mobility and bespoke support during the claims process by a [...] -
Tesla’s European dominance under threat
- 17/04/2024
- Posted by: Alan Feldberg
- Category: News
Tesla’s dominance in the European electric vehicle market could be coming to an end. New figures have revealed that its market share fell from 29% to 18.7% last month amidst growing threats from other manufacturers in both Europe and China. The news comes at a trying time for the brand after it announced [...] -
EV sales tipped to top 400,000
- 17/04/2024
- Posted by: Alan Feldberg
- Category: News
A new report predicts that BEV sales will exceed 400,000 this year. According to a new study by cap hpi, the uptick will be driven by growing demand for smaller BEVs, which will increase market share from 20% to 30% while medium and larger BEVs will see market share decline from 45% to 30%. More than 480 [...]