51% of dealers think arrival of Chinese EVs will see existing manufacturers fold

More than half (51%) of car dealers think that the arrival of new Chinese electric vehicle (EV) companies in the UK market will force some established manufacturers out of business. Startline’s June Used Car Tracker also shows that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold thanks to tougher competition.

51% of dealers think arrival of Chinese EVs will see existing manufacturers fold

Jun 06, 2023

More than half (51%) of car dealers think that the arrival of new Chinese electric vehicle (EV) companies in the UK market will force some established manufacturers out of business. Startline’s June Used Car Tracker also shows that 31% believe some existing brands are already falling behind and 36% say that the next few years will see them fold thanks to tougher competition.

Stellantis and Galloo to form joint venture for end-of-life vehicle recycling

Stellantis N.V. and metals recycler Galloo have announced they have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture focused on End-of-Life Vehicle (ELV) recycling as part of the automaker’s continued commitment to build its circular economy activities.

Stellantis and Galloo to form joint venture for end-of-life vehicle recycling

Jun 05, 2023

Stellantis N.V. and metals recycler Galloo have announced they have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture focused on End-of-Life Vehicle (ELV) recycling as part of the automaker’s continued commitment to build its circular economy activities.

New car market maintains momentum with tenth month of growth

The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The performance marks 10 consecutive months of growth, although registrations remain -21.0% below pre-pandemic 2019 levels.

New car market maintains momentum with tenth month of growth

Jun 05, 2023

The UK new car market has posted its longest uninterrupted period of expansion for eight years, as registrations grew 16.7% in May to reach 145,204 units according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The performance marks 10 consecutive months of growth, although registrations remain -21.0% below pre-pandemic 2019 levels.

EMEA

Stellantis electrification transition in full swing with first ACC battery gigafactory

May 30, 2023

Together with TotalEnergies and Mercedes-Benz, Stellantis has celebrated the inauguration of Automotive Cells Company’s (ACC) battery gigafactory in Billy-Berclau Douvrin, France, the first of three planned in Europe. With an initial production line capacity of 13 gigawatt-hours (GWh), rising to 40GWh by 2030, the facility will deliver high-performance lithium-ion batteries with a minimal CO2 footprint.

Americas

DLL announces floorplan financing partnership with Vanderhall

Jan 19, 2023

Global financial solutions provider, DLL, is proud to announce a floorplan financing partnership with Vanderhall Motor Works, Inc., a manufacturer of premium light mobility vehicles. DLL will serve as a preferred floorplan financing partner for Vanderhall in the United States.

Asia Pacific

Toyota Finance New Zealand partners with Ephesoft on digital transformation initiative

Jan 28, 2020

Toyota Financial Services New Zealand (TFNZ) has partnered with Ephesoft to drive its automotive loan application and settlement processing. TFNZ will use Ephesoft’s Transact software within its loan operations team to automate the classification and processing of key forms and documents. The Transact platform uses artificial intelligence, machine learning and cloud-based services to automate document processing and will integrate with the finance company’s existing loan origination system.