WLTP
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Car Dealer News 15 SepSwansway's annual pre-tax profits declined 42% amid 2019 ‘restructure’
Swansway Motor Group has reported a 42% decline in pre-tax profits in its 2019 annual financial results after completing a restructure in which it “eradicated” its loss-making car dealerships.
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Manufacturer 1 AprWLTP introduction drives up running costs for new cars
Car buyers face higher running costs following the introduction of new WLTP CO2 emissions test figures from today (April 1).
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Car Dealer News 22 NovLoss-making Audi and Volkswagen sites cause Caffyns profits slump
2019 half-year pre-tax profits at Caffyns have plunged 92% from the same period in 2018 as it battled Volkswagen and Audi supply problems and “a difficult economic and political background”.
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Finance 6 NovConsumer car finance market grew 4% in September, reports FLA
The consumer car finance market achieved year-on-year growth of just 4% by volume and 7% by value during September – despite last year’s WLTP-impacted decline.
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Market Insight 7 OctCar dealers lost £14,000 in August market 'deterioration', says ASE
The average UK car dealer lost £14,000 during August in what has been described as a “significant deterioration” on the break-even result achieved in the same month a year earlier.
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Market Insight 11 Sep'Tenacity and resilience' required as August apathy impacts used car margins
August delivered evidence of significant pre-registration driven by the requirement for market share and the need to register WLTP cars in the face of the arrival of RDE2 legislation.
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Technology 29 AugIs your dealership prepared for RDE?
There was WLTP in 2018. Now there's RDE, although one in three dealers knows little about the latest development in the new car testing regime, according to a survey by Manheim.
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Market Insight 12 Aug
September new car supply shortage 'unlikely', says Cap HPI
Concerns around supply shortages of new vehicles after August 31 due to vehicle testing rules may be unwarranted, according to Cap HPI.
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Market Insight 16 Jul
RDE2 vehicle emissions test to trigger new pre-registrations race
The September roll-out of the new RDE2 vehicle emissions standards is causing a re-emergence of new car pre-registrations, the Vehicle Remarketing Association (VRA) heard at its July members meeting.
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Market Insight 9 JulGovernment will remove BIK company car tax on EVs from 2020/21
Company car drivers choosing a pure electric vehicle (EV) will pay no benefit-in-kind (BIK) tax in 2020/21 following a Government review which looks set to boost sales of emissions-free cars.
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Market Insight 8 JulRDE2 ‘unlikely’ to have WLTP-like impact, says Cox Automotive
Car dealers concerns about the roll-out of the new RDE2 Real Driving Emissions car testing standards in September are ‘unlikely’ to manifest themselves in a WLTP-like impact on the market, according to Cox Automotive.
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Market Insight 20 JunRDE derogation announcement ‘extremely positive’, says NFDA
The National Franchised Dealers Association (NFDA) has described the Department for Transport’s (DfT) granting of a derogation for non-RDE compliant vehicles as “very positive”.
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Manufacturer 5 JunCar industry faces 'petrolgate' as CO2 figures don't stack up
The automotive industry could be facing a new 'petrolgate' emissions scandal as Emissions Analytics uncovers discrepancies in new petrol car CO2 figures.
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Car Dealer News 3 JunCaffyns blames WLTP effect for 3.1% decline in 2018 turnover
Caffyns has blamed a 3.1% decline in turnover in its 2018 financial results on WLTP’s impact on the supply of vehicles from certain car manufacturer brands - with Audi “significantly constrained” by the new regime.
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Car Dealer News 20 MayJCT600 annual results reveal record £1.28 billion turnover
JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
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Manufacturer 9 MayFiat Professional ‘well-placed’ for WLTP despite stalled LCV orders
Fiat Professional’s head of sales Richard Chamberlain has said that the brand is “well-placed” to grow its UK sales volumes in 2019 despite the anticipated impact of WLTP on the LCV sector.
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Car Dealer News 13 MarLookers reports 9% pre-tax profit decline in 2018 financial results
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
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Supplier News 13 Feb
VRA adds support to BVRLA’s WLTP consultation campaign
The Vehicle Remarketing Association (VRA) has added its support to the British Vehicle Rental and Leasing Association’s (BVRLA) response to the current Government’s WLTP consultation.
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Market Insight 8 FebWLTP pushed used car prices to record high in 2018, says Aston Barclay
Aston Barclay Insights report has revealed that average prices of diesel and petrol vehicles in the used car market rose to a record high in Q4 2018.
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Supplier News 25 JanNFDA partners with LOWCVP to publish WLTP guidance
The National Franchised Dealers Association (NFDA) and Low Carbon Vehicle Partnership (LowCVP) have published new guidance to “help UK motorists choose their ideal car” following the introduction of new emissions test legislation.
