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BLOG Right (and cost) to repair

A couple weeks ago, the UK Independent Automotive Aftermarket Federation (IAAF) signed up to the global Right to Repair movement’s position statement which promotes fair and open competition, and regulation rather than voluntary codes to force access to repair and maintenance information. This reflects the growing complexity of vehicles and the need for access to the vehicle data, and the ...

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Vertu sees carmakers cutting EV prices in effort to shift volumes

Carmakers are discounting prices of electric cars and promoting finance packages to boost sales. That’s the view of Vertu Motors issued with a trading statement ahead of its results for the six-month period ended 31 August 2023. It delivered a trading profit above prior year levels, aided by the Helston acquisition which was completed in December 2022. Vertu anticipates that ...

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Santander and MG Motor offer EV benefits scheme for customers

Santander Consumer Finance has extended its partnership with MG Motor to provide dealers with an EV benefits scheme for customers. The scheme applies to customers purchasing new electric vehicles (EVs) and plug-in hybrids (PHEVs) in time for the September plate-change. The EV Benefits Ecosystem is available to all customers choosing to finance their new cars with MG Motor Financial Services. ...

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Motor Trader Retailing EXPO 2023 agenda unveiled

Motor Trader has revealed the latest update on the MT Retailing EXPO agenda which takes place in Silverstone on 17 October. Billed as the ultimate event for the car industry, the event is targeted at dealers with exclusive access to keynote speakers from big name companies, including Microsoft and Savills, who will reveal their secrets and tips for success. Award-winning ...

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MG reveals pricing and specification for MG4 EV Extended Range model

MG Motor UK has revealed pricing and specification of its new MG4 EV Extended Range model. Claimed to be capable of up to 323 miles on a single charge (WLTP), the MG4 EV Extended Range hatchback is available from £36,495. The Extended Range’s more powerful 180kw electric motor is said to offer better performance, with the 0-62mph time now sharpened ...

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Dealers expect incoming Chinese brands to succeed in the UK

Franchised car dealers expect Chinese brands to secure a “significant share of the UK’s new car market” within the next five years. According to carwow, expectations are that Chinese brands will establish a modest foothold over the coming year, but their market share will increase markedly thereafter. Only 13% think Chinese brands won’t be successful in the UK. The survey, ...

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EV brands Polestar, Tesla and MG sales surge in July

July saw strong performances from many EV brands with sales accelerating hard. Polestar saw registrations surge 574% to 3,141 units during the month while Tesla saw 3,141 cars registered compared to just three units in July last year, according to figures from the Society of Manufacturers & Traders. MG continued with its strong record with sales up 97.3% to 6,070 ...

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New car market surges 28% in July, fleet sales rocket 62%

The new car market surged 28.3% in July with 143,921 new vehicles registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). It was the best July performance since 2020, when pent-up demand for new cars was unleashed following three months of lockdown during the pandemic. Registrations by large fleets rocketed 61.9% to 80,961 units ...

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Demand for EV extended warranties grows

Demand for EV extended warranties showed “significant growth” in the five years to 2022, according to research from Intelligent Motoring. Analysis of extended warranty quotes-to-buy requests through Intelligent Motoring revealed those for Alternative Fuel Vehicles (AFVs) grew by 575% in 2022 compared to 2017 from a low base. In contrast, quotes for Internal Combustion Engines (ICE) vehicles increased by 97% ...

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BYD appoints City West Country Group in Exeter

Chinese carmaker BYD has appointed City West Country Group to represent the brand in Exeter. BYD sold over 1.8 million vehicles in 2022. Its line-up includes the ATTO 3 SUV and the Dolphin hatchback. City West Country Group is ranked 64 in the Motor Trader Top 200 Dealer Groups with annual turnover of £245.1m. IT represents Mercedes-Benz, Smart, Ora Funky ...

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