Tag: petrol
New car discounts bigger on diesels than petrols… but only just
New car buyers can get the biggest savings off list prices on diesel cars according to the latest research by Britain’s leading consumer champion and new car buying platform, What Car? Analysis of the UK car market by What Car?’s Target Price mystery shoppers found the average discount on a new diesel car at the beginning of March was 7.82 per cent off the list price, or £2731. Discounts on diesel were only marginally higher than for petrol models, which stood at 7.11 per cent or £2101.
Porsche to stop making diesel cars in favour of electric and hybrid
Porsche is the latest vehicle manufacturer to announce that it is to stop producing diesel cars. It follows a 2015 scandal in which its parent company, Volkswagen, admitted it had cheated emissions tests for diesel engines. The Porsche chief executive said the company was “not demonising diesel”.
SMMT urges government to back new-tech diesel following market decline, uncertainty
The Society of Motor Manufacturers and Traders (SMMT) is urging the UK government to act to support the sale of traditionally fuelled vehicles following the news that the UK new car market declined moderately in June. Year-on-year demand fell by -3.5 per cent, the SMMT stated, as 234,945 new cars joined British roads, representing relative stabilisation considering recent turbulence over the past year or so. While alternatively fuelled vehicle sales continue to rise, they are not yet at a level that can relieve the decline in traditionally fuelled vehicle sales, and the SMMT argues for government to provide increased support for petrol and especially new technology diesel vehicles.
Call to bring forward UK total ban on petrol and diesel cars
The UK is committed to a total ban on the sale of all petrol and diesel cars by 2040, but, in its annual progress report to Parliament, the Committee on Climate Change has suggested that this is too late and should be imposed a decade earlier, in 2030.
Petrol car oversupply possible in the used market in the medium term, says VRA
The used car market should prepare for a potential oversupply of petrol cars in the medium term, says the Vehicle Remarketing Association.
Fuel mix to become more important remarketing issue in 2018, says VRA
The balance of stocking diesel, petrol, hybrid and alternative fuel used cars is set to become a more important issue for dealers over the course of 2018, says the Vehicle Remarketing Association. The trade body, which represents members that are involved in the remarketing of more than 1.5m vehicles per year in total, says that the process is likely to be relatively measured but also unavoidable.
‘Outlook for UK pump prices uncertain’ – PRA
The recent rise in fuel prices in the UK is likely to see more fluctuation, but predictions suggest that diesel may continue to rise ahead of petrol. “Much of the sharp upswing in the UK wholesale cost of petrol, caused by a big surge of global prices in the immediate aftermath of the hurricane, was absorbed by retailers such that average pump prices only rose by just over 2.0pp,” commented Brian Madderson, chairman of the Petrol Retailers Association (PRA).
Petrol and diesel car sales to be banned in the UK from 2040
Today the government launched its “UK plan for tackling roadside nitrogen dioxide concentrations”. And with it came the decision to ban the sale of both new petrol and new diesel cars from 2040. However, electric cars sales currently represent less than 1 per cent of new registrations. Therefore a lot has to happen between now and 2040 for this new rule to become reality. What is clear is that there is now real legislative momentum in favour of electric vehicles in the UK and that this will have an inevitable impact on OE suppliers and in turn the UK replacement tyre market.
Brian Madderson to continue as PRA Chairman
The Petrol Retailers Association (PRA) has announced that Brian Madderson has agreed to continue his role as Chairman of the Association, following a meeting with PRA Executive Committee. Madderson comments, “Since 2010, the PRA has retained 90 per cent of the top 50 independent petrol retailers in membership, with sites numbering ing over 3,000. Regional committees have been established in both Northern Ireland and Scotland, and we have formed positive relations with key government officials and politicians in all four home countries.
PRA ‘alarmed’ at police comments on petrol theft
The Petrol Retailers Association (PRA) has raised their concerns following news that a UK police force has declared that driving away from a petrol station without paying for fuel is no longer considered a crime. Devon and Cornwall Police said it would not investigate such incidents unless there was obvious proof of criminal intent - such as false number plates - and the force has blamed government cuts for the decision.
Lowest petrol sales for 25 years in March 2015
The National Franchised Dealers Association has revealed that petrol sales fell 10 per cent in March to a record low of 1.31bn litres. The month followed growth of around four per cent in February, when drivers took advantage of prices 22p per litre lower than the year before.
Is £1 a litre fuel really likely?
Just last week Energy Minister Amber Rudd raised the prospect of petrol costing less than £1.00/litre ahead of the general election as crude prices continued to fall. However from a low point of $45/barrel for Brent Crude in mid-January, there has been a significant rally back to $54/barrel this week. The point is that this makes is less likely that fuel will get as low as a pound a litre any time soon.
Now RAC calls for fuel price cut
The RAC is urgently calling on fuel retailers to pass on further savings in the wholesale price brought about by the continued fall in world oil prices. This overdue cut would reduce the biggest cost of motoring just in time for Christmas, says the organisation. The RAC’s monitoring of fuel prices shows there is scope […]
Formula E is a “championship for the future” says Michelin Motorsport director
A month from now, 40 electric racing cars will line up on the grid at the inaugural Formula E Championship race in Beijing. Each of the tyres that take to the track on 13 September will be fitted with identical tyres that were specifically developed for the competition. In a Michelin-hosted Q&A session, the company’s motorsport director Pascal Couasnon explains that the decision that all cars should run on Pilot Sport EV tyres was not simply a strategic option in technology terms; he says it was also an obvious choice.
The clock is ticking for combustion engines and conventional tyres
The UK government has decided to ban the sale of both new petrol and new diesel cars from 2040. The goal isn’t as ambitious as Norway’s, which aims to do the same by 2025. India thinks it can do it by 2031. And France is on par with the UK, also aiming to ban sales of new combustion engine-based cars by 2040. However, in the UK at least, electric cars sales currently represent less than 1 per cent of new registrations. Therefore a lot has to happen between now and 2040 for this new rule to become reality. What is clear is that there is now real legislative momentum in favour of electric vehicles in the UK and that this will have an inevitable impact on OE suppliers, and in turn the UK replacement tyre market, especially in three key areas: weight, torque and rolling resistance.
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