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Marshall Motors has issued a trading statement following a fall of 13% in the value of its shares over the past week. It said it knew of no reason for the decline other than general speculation over the potential impact of Brexit on the UK economy and the automotive sector.
“Specifically, this full year outlook would represent a significant improvement in earnings per share versus that achieved in the year ended 31 December 2015,” it said.
“During the important plate-change month of September, the group has experienced significant like-for-like new unit sales growth, outperforming the wider UK market as reported by the SMMT. Sales volumes in used cars during September have also shown like-for-like growth,” it said.
Marshall will release a pre-close trading update for the financial year ending 31 December 2016 in January 2017.
Techonology could help reinvent the after sales process in 2017 and potentially increase dealer revenue by £40,000 per site, says In-car Cleverness.
The vehicle relationship management (VRM) specialist reached the figure by estimating the after sales benefit across the top 10 dealer groups and predicted that next year would prove to be a tipping point in the adoption of technology that enables the dealer, customer and vehicle to communicate in a completely transparent way.
In-Car Cleverness estimates that telematics-driven VRM and remote diagnostics will increase aftersales revenues by 10 per cent in dealers that adopt the technology and actively promote the benefits to their customers, equating to an estimated boon of £4 million for the top 10 dealer groups alone – or roughly £40,000 per site.
In-Car Cleverness head of sales Paul O’Dowd, said: “Just a few years ago, dealers started to migrate aftersales services to their websites, making the booking process easier for the customer. Telematics and vehicle relationship management, however, takes this to another level. It is a technology the whole sector, and the consumer, can and should get behind. It not only presents more sales opportunities but increases safety, trust and customer retention.”
Source: Car Dealer
Whilst driverless technology may be on its way, hesitation remains amongst UK drivers, according to extensive research released today.
The new study, conducted in 11 European countries from Goodyear and the London School of Economics, found that 55 per cent of the UK drivers surveyed would feel uncomfortable driving on roads alongside autonomous vehicles, significantly above the 39 per cent average in 10 other European countries. However, 28 per cent of respondents said they would be comfortable driving alongside AVs, similar to the 30 per cent in the other 10 countries.
One of the possible factors behind this discomfort could be a greater concern with AV technology. 83 per cent of the approximately 1,500 UK survey respondents feared that “Autonomous cars could malfunction”, compared to 71 per cent in the ten other countries.
The government has responded to a surge in electric vehicle (EV) sales by announcing a £10m investment in charging infrastructure.
Part of a £35m investment in the ultra-low emission vehicle sector, the £7.5m funding for workplace charge points, coupled with the £2.5m for residential on-street infrastructure is set to accelerate EV uptake further.
Poppy Welch, head of Go Ultra Low, said, ‘The £10m government investment in workplace and residential charge points is sure to boost motorists’ confidence in electric cars and vans while accelerating uptake rates.
“September was the 53rd consecutive month of registrations rises in the electric car market. There are more plug-in cars on our streets than ever before. As more drivers realise the cost-saving benefits of these vehicles and the variety of models continues to expand, we expect uptake to continue its strong upward trend.”
Already in 2016 EV sales have surpassed the year total for 2015, with 28,697 units sold.
Source: Bodyshop magazine
Electric vehicles-only lane in Nottingham will be a UK first
Electric vehicles (EVs) will have their own lane for the first time in the UK when a multi-million pound road improvement plan is completed next year.
The new lane will form part of the six-mile Nottingham Eco Expressway, which will be adapted from an existing route into the city. Running in each direction of the road, the EV lanes, which will also be used by electric buses, will be accompanied by a cycleway and lanes for conventional vehicles.
EV-only lanes are common in the US, where plug-in and hybrid vehicles are permitted to use high-occupancy vehicle lanes. But, the £6.1m project in Nottingham is the first of its kind in the UK.
It has been funded by the Derbyshire and Nottinghamshire Local Enterprise Partnership – a consortium of 19 district, city and county councils, as well as universities and colleges, and local business groups.
The aim is to encourage more people to travel sustainably around Nottingham after it was named a Go Ultra Low City, along with Bristol, London and Milton Keynes.
Source: Fleet news
Hybrids are likely to be a passing phase in car technology that will be surpassed by electric vehicles in a matter of a few years, predicts Glass’s.
The vehicle data provider says that EV technology is advancing so quickly that a new hybrid vehicle being bought today could be effectively obsolete by the time it reaches the end of its normal life.
Rupert Pontin, director of valuations, said: “Hybrids are designed to solve two of the problems that EVs have faced in recent years – high cost and low range.
“The fact is that vehicles such as this effectively remove the rationale for hybrids. Within a few years, hybrids could be seen as little more than a curiosity and this will undoubtedly affect their values.”
Rupert said that the popularity of hybrids in the UK had largely been powered by the company car market, where their low CO2 figures minimised tax bills for drivers.
Source: Fleet news