Author: Aimee Turner
The European Commission has today officially imposed anti-subsidy duties on electric vehicles (EV) imported from China, forcing manufacturers to place aside funds to pay for the tariff hikes. On June 12, the European Commission announced that it will apply provisional countervailing duties on Chinese-made EVs based on the outcomes of its nine-month investigation into the degrees of state subsidies received by different Chinese or China-based carmakers. This unfair support, it believes, leads to hefty distortions within the European market.The move by the Commission followed a May 14 declaration by the USA which said it is going to increase tariffs on Chinese EVs and certain…
The gap between older and newer cars when it comes to average aftersales invoice value continues to widen, in line with recent evaluation from Marketing Delivery.The marketing agency examined the common invoice value of aftersales work performed by franchised dealers across the UK for cars in several age brackets.In 2023, the common invoice value was £480 for cars aged six to 10 years, in comparison with £327 for cars under three years old – a 47% difference. This gap has been increasing yearly; it was 45% in 2022 and 34% in 2021.Moreover, the common workshop invoice value for vehicles within…
Stellantis’ UK chief has warned that the automobile maker could stop production within the country should the federal government fail to support electric vehicle (EV) adoption. Speaking at a Society of Motor Manufactuers and Traders (SMMT) conference in London, Stellantis UK head Maria Grazia Davino said the business will likely settle on UK production inside the following yr. The UK’s ZEV mandate goals to speed up the transition from petrol and diesel cars to electric models by 2035, with EV sales targets progressively increasing. EV automobile sales targets for this yr have been set at 22% rising to twenty-eight% next yr…
G3 Vehicle Auctions has invested in two experienced auctioneers after snapping up the 14-acre Cazoo wholesale facility in Bedford. Starting this week, sales days will probably be Monday, Wednesday and Friday, mirroring the G3 Castleford centre, with Monday offering the Essential sale, Wednesday offering the LCV and Economy sale and Friday offering the Elite fleet sale. This significantly enhances G3’s operational footprint, enabling the corporate to double its remarketing capability and streamline services for a broader range of clients. In May, G3 acquired the Bedford Cazoo wholesale site ahead of failed motor retailer Cazoo calling in administrators to try to seek out…
A automotive dealer from Omagh has been found guilty at Newry Crown Court of promoting and selling ‘clocked’ cars including reducing the mileage of a VW Scirocco by 52,000 miles.The Trading Standards Service brought the case against Samuel McConnell, director of SMC Cars & Commercials, and Ryan McKittrick, a sales executive of the identical company.McConnell pleaded guilty to 5 charges under the Fraud Act 2006. He was sentenced to 240 hours of community service to be accomplished inside 12 months and ordered to pay £7,920 in compensation to the 4 victims inside 12 weeks.McKittrick also pleaded guilty to 5 charges under…
The brand new Kia EV3 compact electric SUV will probably be on show to customers through a series of ‘Electric Experience’ events across the automobile manufacturer’s 188-strong dealership network between August and November. Kia launched the EV6, Niro EV, and EV9 at similar dealer events before their official sale dates. Each event will feature an unveil show, an exclusive presentation on the EV3, and the chance to explore the vehicle intimately with experts readily available to supply potential buyers more details about transitioning to electric vehicles. Unveiled on May 23, the Kia EV3 has been designed for max space, functionality,…
Three-quarters of automobile buyers are considering finance options offered by dealers, despite only half of them feeling comfortable with the method.In response to a recent study by MOTORS’ Consumer Insight Panel which surveyed over 2,000 prospective automobile buyers, dealer financing is a viable option with 63% of those that previously bought their cars outright open to such financing for his or her next purchase.Moreover, 94% of current automobile owners paying in monthly instalments would consider dealer finance for his or her next vehicle.The study also explored when buyers start contemplating finance options. Almost half (46%) begin serious about payment methods…
Because the July 4 General Election approaches, AM examined the contrasting visions from the foremost political parties on transport and environmental policies assessing their different approaches to sustainability, economic growth, and public infrastructure investment. Prematurely of the difficulty of every of the essential party’s political manifestoes, the National Franchised Dealer Association (NFDA) called on all major political parties to supply ‘robust support’ on key issues for the automotive retail sector ahead of the election including help to spice up retail demand for EVs, an overhaul of the apprenticeship levy, mandated public chargepoint targets, plus a transparent plan for future road pricing.…
Steven Eagell Group is donating vehicles to Hertfordshire Fire and Rescue Service to be utilized by on-call firefighters as a part of their vital life-saving training. Hertfordshire Fire and Rescue Service responds to 1000’s of incidents every year, a big proportion of that are road traffic collisions. When attending these incidents, on-call firefighters are sometimes required to soundly extricate trapped victims from vehicles using specialist tools and training so that they can receive medical attention. Steven Eagell Group donated vehicles to Wheathampstead and Harpenden fire stations, each a part of Hertfordshire Fire and Rescue Service, for use to simulate these…
Lookers has launched a 24-month graduate management programme designed to fast-track graduates to senior leadership positions within the automotive dealer group. This comprehensive rotational programme immerses participants in all facets of the business, offering a possibility to achieve a deep understanding of the automotive industry by mixing hands-on experience with strategic profession planning. The programme is structured to make sure participants acquire a broad and practical understanding of the industry. Participants will attend workshops geared toward enhancing each personal and skilled skills, providing a solid foundation for profession growth. Graduates will profit from continuous guidance and support from experienced mentors…
