Car dealers are set to miss their September new car registrations bonuses as a result of stock shortages sparked by the switch to WLTP vehicle emissions test regime, according to Coachworks Consulting.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Jato Dynamics has warned that car manufacturers are running the risk of huge fines for failing to meet EU emissions standards after new WLTP CO2 emissions tests triggered a 10g/km average increase in vehicles’ published output.
A WLTP-prompted shortage in the supply of new vehicles has resulted in daily rental companies turning to the used car market to replenish their fleets, the Vehicle Remarketing Association (VRA) has said.
The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
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