Caffyns said yesterday at its AGM that it continued to trade profitably in the first quarter to 30 June 2011 although at levels below the previous year Like-for-like new car sales in the quarter were down 15.7 per cent against a reported fall of 16.4 per cent in the market for private and small business sales...
Read More »Mobile car searches continue to grow
More people are searching for cars using mobile devices, according to new figures out today. Motors.co.uk said it had seen a 300 per cent increase in visits from mobile devices in the last 12 months...
Read More »Gap insurance strengthens in uncertain times
“As consumers look to protect themselves and their incomes from unexpected financial shocks in the face of the uncertain economic conditions, demand for specialist insurance products continues to grow and we expect this trend to continue...
Read More »Electric cars to reach 10% share by 2020
Electric vehicles (EVs) could account for more than 10 per cent of cars in Western Europe by 2020. That was one of the forecasts made at the EurotaxGlass’s annual Business Intelligence Forum...
Read More »Volkswagen Group UK gets new MD
Simon Thomas has been appointed managing director of Volkswagen Group UK effective September 1, 2011. He succeeds Robin Woolcock who will be taking up a new assignment within the Volkswagen Group.
Read More »Vauxhall aims to boost bodyshop business
Vauxhall is cutting the price of parts used in repairing Category C and D vehicles in order to boost repair volumes going through its approved network. Currently many C and D vehicles are written off by insurers because the repair using OE parts is deemed too expensive relative to the vehicle’s market value. Other vehicles are repaired outside the network ...
Read More »Inchcape interim profits rise 10.1%
Pre-tax profits at dealer group Inchcape rose 10.1 per cent to £126.8m in the half year to 30 June 2011 compared to £115.2 for the same period in 2010. Turnover fell 5.3 per cent to £2.9bn (£3.1bn) as group sales were hit by the impact of the earthquake in Japan...
Read More »Cap gives low forecast for electric van
Cap has forecast low residuals for the new Azure Dynamics Transit Connect full electric van. Cap said the van would have residuals of 20 per cent at 3yrs/30,000 miles, reflecting "conservative views" in the trade over the future prospects for used electric vans...
Read More »UK new car prices fall 3.7% in 2010
UK car prices fell 3.7 per cent last year, according to the European Commission’s latest car price report. It found that prices fell 2.5% in real terms last year in the European Union as a whole.
Read More »Dealers lose out on servicing
Consumers continue to cut back on servicing as the cost of motoring rockets in the UK. That’s the result of a survey for Manheim Auctions of 3,000 motorists carried out by One Poll...
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