SMMT: second quarter used car sales down
UK used car sales fell by 13.5% in the second quarter of 2017, according to the SMMT. The organisation likened the trend to the drop in the new car market, particularly following the introduction of new VED rates in 1 April.
“With used car sales closely mirroring what we see in the new car market, last quarter’s decline comes as no surprise – and with demand easing over recent months, this could offer motorists the opportunity to get some great deals,” said SMMT chief executive, Mike Hawes.
“However, although the market remains at an exceptionally high level, given the softening we’ve seen in registrations of new cars in more recent months, looking ahead it is vital that government secures the conditions that will maintain consumer and business confidence if we are to see both markets continue to prosper.”
Earlier this week, auction firm BCA reported an increase in used car values, particularly ex-fleet and lease models, in July. However, BCA also reported 2.5 and 3.3% reductions in used car prices in May and June respectively, which tallies with the SMMT’s figures.
JLR MD to take on the Channel
Jaguar Land Rover’s UK managing director, Jeremy Hicks, (pictured) will attempt to swim the English Channel along with 13 colleagues on 20 August (conditions permitting) in an effort to raise £160,000 for motor industry charity Ben.
If Hicks achieves the feat, it will mark a record donation for the charity. The current record is held by Marshall Motor Holdings CEO Daksh Gupta, who raised £151,000 from a skydive in July 2016.
Chevin adds API tool
Chevin has introduced a standard API (application programme interface) tool to its FleetWave management system to allow “secure external access to specific areas of the software’s data”. The tool is configured to integrate with over 100 third-party systems including GPS and telematics, fuelling systems, accounting software and leasing providers.
“If you want to maximise the efficiency of your fleet and minimise its cost, then fleet cannot operate as a standalone entity,” said managing director, Ashley Sowerby.
“It needs to be tightly integrated into the whole corporate structure. If you can deliver high levels of integration with critical internal systems, then all kinds of new efficiencies and decision-making opportunities are created.”