Tag: motor industry

Comments Off on Business secretary: we can’t delay drive to EV

Business secretary: we can’t delay drive to EV

In a weekend OpEd, business secretary Jonathan Reynolds said the government is determined to work with the car industry to increase take-up, boost jobs and hit emissions targets – but added the UK’s drive for EVs cannot be delayed or “our rivals will overtake us”. He said more than 2 in 3 OEMs had previously […]

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Comments Off on John O’Hanlon: 23% higher volume needed to offset agency

John O’Hanlon: 23% higher volume needed to offset agency

Retailers need to sell 23% more cars under an agency model to see equal profitability with the franchised system, according to John O’Hanlon, founder of Waylands. O’Hanlon, speaking at last week’s Vehicle Remarketing Association conference about future challenges facing the industry, said: “We need to sell over 23% extra cars just to stand still under the agency […]

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