Pride Ride with Deutsche Bank 🏳️🌈 Nearly 40 rides completed today in our EQS Maybach, EQE Sedan, & EQS 580 SUV. More to come with this group in June! #MercedesBenzManhattan #MBManhattan #MBM
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In our FCW Automotive Update Sotheary Bryant and Steve Young Managing Director of ICDP, discuss the recently announced New Vehicle Emission Standards (NVES) (scheduled to commence on 1 January 2025), and the response from the Australian Government released on Thursday, 28 March relating to concerns raised by industry bodies. Covering the potential consequences on the automotive industry or consumers and the impact of Chinese car brands on the worldwide automotive market, they share insights on the potential impact on the Australian market. https://lnkd.in/g3C3Z4mE #NVES #FCWAutomotiveUpdate #AutomotiveIndustry
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Can $350,000 Supercars Spur Chinese to Ice McLaren’s Misery? McLaren's bonds have significantly trailed the Bloomberg Caa US High Yield Index over the past six months even after its majority owner announced a recapitalization, though details remain opaque, and there are no signs yet of a potential joint-venture partner or buyer like Audi stepping in. The reset reframes our value views when considering the supercar maker's brand value, recovery prospects and a parent that has been supportive and is potentially seeking new investors including Chinese carmakers -- driving our opinion to neutral from underperform. Details here: https://lnkd.in/eYan-PXN
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What emerging trends are shaping the automotive industry? Ahead of the 10th edition of the FT's Future of the Car summit we surveyed professionals within the global automotive industry to gain insight into current market sentiment. Register now: https://bit.ly/48nnp4t #FTCar
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Enhance your business fleet with this week's #SpecialOfferSunday, the outstanding Mercedes EQA 😍 Comparable in size to the petrol-powered GLA crossover, the EQA incorporates all of that vehicle's advanced in-car technology, enhanced by the smooth, silent operation of an electric motor. Here's a few things that come as standard: 🔋 323 miles of range 💼 340 litres of boot space 📱 Mercedes me connect 🔑 Keyless entry ⚙ 19in alloy wheels ... plus much more! Compare all of the best Mercedes EQA business lease deals > https://bit.ly/3UJY6VC #Mercedes #MercedesEQA #CarLeasing #BusinessLeasing
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Understanding a vehicles value is a critical part of the #collectorcar #insurance space. This VINwiki, Inc. video is focused on Porsche's, but it can be applied to any collector car. Public transaction data is valuable and helpful when looking for comps. That said, it's important to have experts within the high-end collector space that have knowledge of the private broker market as well. https://lnkd.in/ehZXXmfx
The UNDERGROUND Porsche market you never knew existed!
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2023's New Car sales data is now out from the Society of Motor Manufacturers and Traders (SMMT), here are some key highlights: 🚗 All 'fuel' types saw a YoY increase, except #Diesel's, both full diesel & #MHEV diesel, which saw drops of 13.8% & 1.9% respectively. 🚘 #Petrol vehicles are still the most popular of all fuel types with just over 4 in 10 vehicles sold, being a full petrol engine. 🚗 We saw almost 300,000 more New Cars sold in the #UK contributing to a 17.9% YoY increase. The bulk of these however were into fleet with fleet sales contributing to almost 55% of overall sales. 🚘 Through my own conversations with franchise retailers, December did feel quiet. While YoY there was an almost 10% increase in Dec' '23 vs Dec' '22, with 141,092 vehicles reported as sold, there were more than twice the amount of fleet sales vs private sales. 🚗 Ford Motor Company's Puma, Nissan Motor Corporation's Qashqai & Vauxhall Motors Ltd's Corsa were the the top 3 most popular brand new cars during 2023. 🚘 And lastly, while overall #BEV sales were down, there were some standout performers with Tesla's Model Y topping the charts with just shy of 36,000 units sold in 2023. https://lnkd.in/eubE9Ned
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Check us out in this months BBP Media South West Automotive Section. 📰 🌟 You can check out the article here 👇 #compliance #thebusinesspostsouthwestedition #southwest #automotive
Lloyd Morgan Group are featured in the #Automotive section of our latest #SouthWest edition #TheBusinessPostSouthWestEdition 85. Lloyd Morgan Group Check out their article here 👇 https://ow.ly/IvvH50RytZO
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UK EV Market share holds firm in Q1 The SMMT passenger car registrations data for March is just out. The important year-to-date numbers show the market has grown 10.4% overall, which is a good sign for the industry. Market share by fuel type shows BEV, Petrol and HEV to have maintained the almost the same share as last year (within 0.5%). The big shift has been a reduction in share for Diesel offset by an equivalent increase in PHEV. So no drop in BEV take-up in the UK so far this year, contrary to "accepted wisdom", with BEV sales increasing in line with market growth.
Car Registrations
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New car sales figures announced today by the Society of Motor Manufacturers and Traders (SMMT) increased by 8.2% in January! Lisa Watson, our Director of Sales, has commented: “Continued growth in registrations provides cause for optimism in 2024. "However, electric vehicle (EV) registrations remain skewed by fleet sales, and demand is not where it needs to be if the 2035 ban on new petrol and diesel vehicles is to be realistic. Currently just one in five (21%) dealers believe the ban will actually go ahead, with infrastructure (72%) and lack of consumer interest (46%) being cited as the reasons why they’re not confident it will come into force. Motorists will need more incentives to switch to EVs, particularly as high upfront costs and a lack of sufficient infrastructure is continuing to act as a barrier to widespread adoption. “Increased registration figures do provide good news for dealers who have had to work hard to maximise sales as motorists jostle with the cost-of-living crisis. Continuing to utilise insights and tools to monitor trends and cater for demand will be key to ensuring profitability in 2024.” For the full article, visit https://loom.ly/7Tdss3c #SMMT #NewCarSales #NewCarRegistrations
Car Registrations
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According to yesterday's Society of Motor Manufacturers and Traders (SMMT) figures, new car sales increased by 9.8% in December year-on-year, and increased by 17.9% year to date! Lisa Watson, our Director of Sales, has commented: “Another month of increased registrations paints a positive picture for the year ahead, as the motor industry is getting back on track in the wake of the pandemic and subsequent economic challenges. “However, more needs to be done to support a shift to electric vehicle (EV) adoption as the numbers remain inflated by fleet vehicles. The introduction of the new Zero Emission Vehicle (ZEV) mandate, which became law this week and requires 22% of new cars sold to be emission-free, may cause headaches for manufacturers. Consumers continue to be put off by high EV purchase costs and a lack of infrastructure, with research from Close Brothers Motor Finance showing that only 14% of motorists expect their next car purchase to be an EV. “More will need to be done to incentivise widespread EV adoption if the new ZEV mandate and revised 2035 ban on new petrol and diesel vehicles are to be successful. For now, dealers will need to utilise all tools at their disposal to make sure forecourts are adequately stocked to meet drivers’ demands.” For the full article, visit https://loom.ly/7Tdss3c #SMMT #NewCarSales #NewCarRegistrations
Car Registrations
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