Jan 04, 2018
Cost control will be a major focus for UK auto dealers in 2018, as falling sales lead to increased competition for buyers and tighter margins. The car industry is cyclical by nature, but according to MotoNovo Finance Group chief executive officer Mark Standish, the latest decline could have more impact because the positive cycle lasted longer than usual.
Jan 09, 2018
More than 33 million autonomous vehicles will be sold globally in 2040, according to the latest forecast from business information provider IHS Markit. The forecast is a substantial increase from the 51,000 units predicted for 2021, when vehicles are first expected to go on sale.
Nov 30, 2017
Volkswagen Financial Services Australia (VWFSA) has paid a penalty of AUD$216,000 (US$163,000) after the Australian Securities and Investments Commission (ASIC) issued infringement notices for alleged misleading advertising statements. The penalty related to VWSA’s ‘1% you can’t ignore’ advertising campaign, with ASIC issuing 20 infringement notices in total.