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General news updateBack

IMI2Dealers back IMI calls on government to licence the automotive sector
The Institute of the Motor Industry (IMI) is calling on MPs to licence the automotive retail sector, in a new lobbying campaign set to begin when parliament returns from recess. The IMI will tell MPs that according to newly conducted consumer research, over 70% of voters think it’s already a requirement for technicians in the motor industry to hold a licence to practise. The call follows news that the Government plans to have driverless cars on UK roads by 2015. The IMI believes the implications of this new technology represent the final straw in the need for legislation. They will argue that modern vehicle technology has reached a level where regulation is necessary to ensure automotive technicians are currently competent – for the safety of motorists.
Source: Am-Online

CAPProposed penalties for non-Euro 6 diesels won’t affect RVs, says CAP
There will be no impact on diesel residual values (RVs) if London adopts a £10 penalty charge for non-Euro6 diesel cars, according to CAP. However, if a similar scheme were rolled out to other UK cities CAP suggests that demand for non-Euro 6 diesels would be sufficiently dented to impact on used values. Mark Norman, a senior consultant at CAP, said: “Too few cars are affected by the current proposal to have any impact on demand for diesel cars, whether or not they come under the scope of the envisaged daily £10 charge for entering central London. “The picture might change if more cities adopt ultra-low emission zones and drivers find themselves paying more penalties but there is still a long way to go before that point.
Source: Fleet News

CarsalesDealers see rising demand from carmakers for property upgrades
Dealers are seeing uplift in the property market with rising values and increased sales activity. That’s the view of property specialist Rapleys, which reports a “significant improvement” in the automotive property market in the last 18 months and with increased new car sales, dealers are being asked to upgrade their premises. “The level of requirements for new facilities has increased substantially as dealers have consolidated their businesses and are starting to come under pressure from manufacturers to upgrade facilities or relocate. “The prestige end of the brand spectrum has been particularly active with BMW, Audi, Mercedes-Benz, Land Rover and many others all having active requirements, or having acquired land upon which to build new facilities over this period,” said Phil Blackford, partner Automotive & Roadside, Rapleys.
Source: Motor Trader

JaguarLandroverTata Motors’ profits boosted by Jaguar Land Rover
Tata Motors has reported a big jump in profits thanks to strong sales at its Jaguar Land Rover business. Net profits at India’s biggest carmaker tripled to 53.98bn rupees ($882m; £525m) in the three months to the end of June, far more than analysts had expected. Revenue grew by almost 40%. Retail sales at Jaguar Land Rover rose by 22% over the period. The strong sales growth of these luxury brands helped mask a 28% fall in domestic vehicle sales.
Source: BBC News

Posted by Sue Robinson on 15/08/2014