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.
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.
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.
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”.
The automotive industry could be facing a new 'petrolgate' emissions scandal as Emissions Analytics uncovers discrepancies in new petrol car CO2 figures.
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.
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”.
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.
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.
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.
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.
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.
The SMMT has attributed UK car manufacturing’s “serious” decline in productivity of 19.6% during November to falling business and consumer confidence caused by Brexit.
The impact of the new WLTP vehicle emissions test regime on new vehicle supply has been laid bare by new car finance data published by the Finance and Leasing Association (FLA).
Demand for used car stock remained high during November with “manufacturers still struggling to get vehicles onto dealer forecourts” four months after the disruptive introduction of WLTP emissions test legislation.
New car registrations declined 3% in November as the effects of the WLTP emissions test regime and falling consumer confidence conspired to affect supply, according to the SMMT.
Hyundai and Kia have published new zero-emission ranges for their Kona and e-Niro electric vehicles (EVs) after an error in the testing process was discovered - taking both below the 300-mile barrier.
Supply constraints triggered by the introduction of WLTP have resulted in used car values that have defied the usual season trends, according to Cap HPI.
BCA Marketplace has “exceeded expectations” with a set of interim results which revealed an increase in UK remarketing revenues of 23.5% during the sixth month period to September 30.
Fleets will continue to delay disposal of their vehicles until next spring as many await an end to the emissions taxation uncertainty surrounding WLTP, ADESA Remarketing has said.
