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Used car buyers on the 'road to zero' with CO2 emissions offset scheme

iOffset founder Mark Hammond and John Wallworth, managing director at Motor Depot

Used car buyers can support the UK's journey to net zero CO2 emissions by 2050 targets thanks to the launch of the iOffset carbon offset scheme.

iOffset’s commercial partnership with the independent car retailers will see the dealerships offer the projected future emissions of every used car sold for the first year of ownership - up to a maximum 10,000 miles.

While the UK government has set a deadline of 2035 for all new cars sold to be free from emissions, Motor Depot and CarSupermarket.com have taken a step forward to ensure consumers can make an impact on climate change by purchasing a used car that guarantees its emissions will be offset.

Steve Butterley, managing director at Motor Depot, said: “For many customers that visit our showrooms and forecourts, the prospect of an electric car is impractical and early-adopter pricing is out of reach.

“Modern eco-conscious car shoppers are desperate to do the right thing, but to date have not had a viable alternative to the traditional used car.

“Used cars are an eco-friendlier option than a new car simply by the nature of being a recycled product and we’ve now brought to market a new type of used car in partnership with iOffset, one with the emissions offset for the first year or 10,000 miles of ownership, in a UK industry first.”

The carbon-streaming service’s offset as a service (OaaS) model enables it to offset any product, service or transaction in full or in part, enabling investment into accredited projects that prevent an amount of CO2 equal to a product’s carbon footprint, through afforestation schemes, renewable energy and emerging technologies in carbon capture in storage.

Researcher, Professor Mike Berners-Lee, and his team Small World Consulting, have helped develop iOffset’s carbon use examples to enable people to make lifestyle choices that reduce their carbon footprint and for businesses to better understand their negative emissions impact.

Mark Hammond, founder of iOffset, encourages other individuals and businesses to examine their practices and how they can reduce and offset their CO2.

He said: “I congratulate Motor Depot for being the first in the auto retail market in the UK to embark on this as part of their service, and hopefully this initiative will be a catalyst for many dealers and other businesses around the world to push forward more environmentally-friendly operations on the journey to net zero.”

AM webinar: The AM Motor Retail Review (Monday July 6 at 2pm)

This 45-minute webinar will discuss the UK motor retail industry’s achievements in the first month of trading since lockdown ended for England’s car dealers, including:

· June’s new car registrations and used car opportunities.

· The lessons learned from social distanced trading.

· How dealers balance the return to trading and their need to limit their costs.

· Prospects for Q3 and critical steps for success.

Chaired by AM editor Tim Rose, his invited guests will include senior executives of AM100 dealers, suppliers and OEMs, who’ll share their own experiences since lockdown ended and outline some ways dealers can sustain their business recovery.

Rose said: “This is a crucial moment for UK motor retail. The new car registrations data from the first month since lockdown will tell us how strongly the industry is fighting back, and there’ll be feedback on how customers and staff are coping with new processes and PPE in showrooms.

“The lessons of the last few weeks must help motor retail prepare for Q3 and the looming plate-change campaign.”

Guest speakers signed up so far:

Tim Duckers, Cambria Automobiles

Duckers is the motor division managing director of AM100 motor retailer Cambria Automobiles, working alongside chief executive Mark Lavery to lead a portfolio of franchised dealerships from volume mainstream such as Vauxhall and premium brands such as Jaguar Land Rover to high luxury brands such as Bentley and Rolls Royce.

Steve Le Bas, BDO

Le Bas is the head of motor retail at accountants and business advisers BDO. He has some 20 years’ experience working with motor trade clients, including statutory audits, assisting their internal accounting functions and conducting due diligence assignments for prospective motor trade purchasers.

Dale Wyatt, Suzuki GB

As head of automobile at Suzuki GB, Wyatt is responsible for the brand health of Suzuki cars and splits his time between working with the UK management team, Suzuki’s dealer network and the parent company in Japan.

Ian Plummer, Auto Trader

Plummer, commercial director at Auto Trader, joined the car sales platform in 2017 after heading sales operations and franchise management at Volkswagen UK and before 15 years at Renault in roles at both the UK sales company and the head office in Paris.

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