Euro Car Parts team reunites at GSF Car Parts

Former Euro Car Parts executives Sukhpal Ahluwalia and Steve Horne have reunited as Executive Chairman and Chief Executive Officer at GSF Car Parts.

GSF Car Parts operates 180 branches across the UK and Ireland, supplying thousands of independent garages, national chains and retail customers.

Sukhpal and Steve plan to add a significant number of new branches over the coming years, strengthen its e-commerce offering, and rejuvenate its delivery fleet. They will also expand its range of products for electric vehicles.

Sukhpal said, “This is a hugely exciting time for GSF Car Parts, and I look forward to working with all of our valued team members, customers, and global suppliers as we start on this new journey together. I have a huge respect for the GSF team, including the business’ hard-working branch team members and head office colleagues. Relationships have always been at the centre of GSF’s success, and that’s something that we’re going to double down on.”

Steve added, “We will turn the business into a fast-growth, sales-focused company with our customers, suppliers, and team members at its heart. This growth plan will deliver opportunities across the industry: new sales channels for our valued global suppliers, added convenience for our important customers, and new roles for our knowledgeable team members.”

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Car output surges in September

UK car manufacturing rose by 39.8% in September to 88,230 vehicles.

According to the Society of Motor Manufacturers and Traders (SMMT) this this is 25,105 more than the same month last year and means the industry has produced 659,901 units year to date – some 14.9% above the same period in 2022.

EV output was up 41%, however, UK commercial vehicle (CV) production dipped 5.2% year-on-year to 11,352 units.

Mike Hawes, SMMT Chief Executive, said, “A particularly strong period of car making is good news for the UK, given the thousands of jobs and billions of pounds of investment that depend on the sector. With countries around the world shifting to zero-emission motoring, Britain is well placed to be a global EV manufacturing hub if the investment and trading conditions are right.

“Given the increasing importance of electrified car production, the first and urgent step is for the UK and EU to agree to delay the tougher rules of origin requirements that are due imminently. This would give the necessary breathing space for automotive sectors on both sides of the Channel to scale up gigafactories and green supply chains, both of which are essential for a stable, long-term transition.”

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SYNETIQ secures ISO recertifications

Leading vehicle salvage, dismantling and recycling company SYNETIQ has achieved recertification across a number of ISO standards.

The IAA company has been recertified for ISO 27001 for information security management systems, for ISO 9001 for Quality Management, ISO 45001 for Health and Safety and ISO 14001 for Environmental Management.  

UK Managing Director for IAA and SYNETIQ CEO Tom Rumboll said, “As a leader in the vehicle recycling industry, protecting our client, customer and policyholder data is essential to how we operate. We are equally proud to achieve recertification for ISO 9001, which highlights our commitment to ensuring we supply our customers and clients with high quality products and services every time.”

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Silverlake invests in EV storage facilities

Silverlake Automotive Recycling, which is part of the e2e Total Loss Vehicle Management network, has invested in bespoke lithium-ion battery storage containers as part of its fire risk assessment and mitigation strategy. 

The move reflects the 21% increase in end-of-life hybrid and EV vehicles the business has handled in the last 12 months. 

The containers include separate compartments for each battery with their own temperature gauges and fire suppression systems. Thermal imaging cameras also offer 24-hour monitoring.  

Allen Prebble, Managing Director at Silverlake, said, “We saw this investment as an important step to future-proof our business and keep our people and facilities safe, while addressing some of the potential fire risks associated with lithium-ion batteries. The Silverlake team has received full training on EV handling and working practices and this training has been extended to include the use of the battery storage containers and monitoring, recording and escalation processes.

“We anticipate battery recycling will continue to be a growing revenue stream for our business, as more EVs and hybrids hit the UK roads, and we plan to invest in further storage containers in 2024.”  

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New report makes business case for upskilling

A new report by Ennis & Co Group has revealed the financial benefits of investing in automotive skills.

The report, ‘The Cost of your Skills Gap’, found that automotive businesses who invest in training can expect a three per cent increase in annual turnover compared to a four per cent drop for those who do not address the skills gap in their organisation.

Lynda Ennis, CEO of Ennis & Co Group, said, Our research shows that there are strong financial benefits to making the right skills investment at the right time. Given the challenges of the talent market, with automotive and mobility businesses competing with other sectors for the same ‘hot’ skills, I would argue that upskilling and recruitment needs to be at the very heart of business strategy and owned at board level.

“This paper addresses the current knowledge vacuum directly by providing a financial model to help businesses quantify the opportunities and cost of skills gaps in their organisation.

“The need for new skills is both a challenge and an opportunity as the sector adapts to transforming technologies and the legislative requirements of the net zero agenda. It is understandable for leaders to focus on negatives such as the cost of upskilling their workforce, employee attrition or the difficulty and expense of hiring talent in a tight skills market, but if you focus too much on the dangers, you can fail to spot the opportunities.”

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New car sales healthy but used car demand weakens

The latest data from cap hpi has revealed an uptick in registrations of new vehicles while demand for used cars is dampening, with prices softening accordingly.

According to the Society of Motor Manufacturers and Traders, 272,610 news cars were registered during September, which represents a 14% increase on the same month last year, but 20.5% behind pre-Covid 2019.

This was the 14th consecutive month of growth with year-to-date sales of 1,451,908 units up 20.2% on the same time period last year.

Fleet registrations continue to drive new car sales, up 40.8% in the month and 42.3% for the year, while private registrations increased by 5.8% in the month and are up 1.8% for the year.

However, against this, demand and prices for used vehicles is tapering off. By 11 October the average price of a used car was 1.7% down, but since then the downwards trajectory has steepened.

By the month’s end, the average three-year-old car value had fallen by 4.2%, or £850, while values at the one-year age dropped by an average of 3.6% in the month, equivalent to £1,225. At older ages, values dropped by 4.3% at five-years and by 4.5% at 10-years, equating to £550 and £240 respectively.

The report concluded, “New car registrations will continue to increase compared to last year, bringing fleet returns, pre-registered cars and part-exchanges into the used market. Used car demand is not going to increase in the run up to Christmas, so it is highly likely that we will continue to see values drop over the coming weeks.”

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Fix Auto UK gears up for 2024 conference

Tickets and sponsorship packages are now available for the 2024 Fix Auto UK National Conference, which will take place at The Vox Conference Centre within the National Exhibition Centre complex from 8-9 May.

Themed as ‘Momentum’, the event will follow the same format as previous years with the first day providing networking opportunities through a varied array of activities before a grand ‘welcome’ event in the evening.

Day two will feature an exhibition hall for sponsors alongside the actual conference before the awards presentation evening.

Ian Pugh, Managing Director for Fix Auto UK, said, “Our event earlier this year once again raised the bar for us with a record number of guests, exhibitors and sponsor support and, with the field of guest speakers, sponsors, industry leaders and, of course, our franchise partners who are at the very core of everything we do, we are aiming to build upon that ‘Momentum’ in 2024.”

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DS Automobiles integrates ChatGPT

DS Automobiles, the premium brand of Stellantis, has introduced a new feature to its line-up: a digital travel assistant powered by ChatGPT.

The feature, which is integrated with DS IRIS SYSTEM, allows drivers to interact with their cars using voice commands and receive personalised responses.

ChatGPT is a technology that uses language models to understand and generate natural and fluid conversations. By learning from huge amounts of data, ChatGPT can answer a variety of questions and provide useful information. For example, users can ask ChatGPT about places to visit, trivia quizzes, stories, and more.

The feature is available in DS 3, DS 4, DS 7 and DS 9 models equipped with DS IRIS SYSTEM and can be accessed in France, Germany, the UK, Spain and Italy, in each respective language. The feature is offered at no extra cost over a six-month pilot phase for the first 20,000 requests.

Olivier François, Head of DS Automobiles said, “As pioneers in the integration of ChatGPT into the automotive world, we are making a generative artificial intelligence that is fluid, intuitive and immersive accessible, transforming every trip into a unique journey. It is a high-tech revolution with unlimited potential that is part of one of the greatest 21st century societal transformations.”

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Cazoo reports record profit per unit and improved cash position

The online car retailer Cazoo has announced its financial results for the third quarter of 2023, showing a significant improvement in its unit economics and cash position.

The company said that it achieved a new record retail gross profit per unit (GPU) of £1,470 in Q3, up 14% from the previous quarter and 201% from the same period last year. The company attributed the increase to higher ancillary product sales, better inventory management, and lower logistics costs.

Cazoo also reported a strong cash position of £151 million at the end of September, plus approximately £35 million of self-financed inventory. The company said that it reduced its fixed and variable costs in line with its expectations, leading to lower cash utilisation.

The company sold 9,525 retail vehicles in Q3 ‘despite the challenging economic environment with increased interest rates and higher costs of living’. The company expects to sell around 8,500 units in Q4 and finish the year with between 40,000 and 42,000 units.

Cazoo said that it is on track to reach profitability by 2024 as it continues to expand its operations in the UK and Europe.

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ARC360 News – Friday 27 October 2023

Inflationary Insights

Inflation is not a sector-specific challenge; businesses throughout the supply chain have all been facing steepling costs for months.

However, the consequences and coping mechanisms put in place have varied widely.

This was addressed during two sessions, Inflationary Insights Parts One and Two, that were held during the Exclusive Motor Claims Conference at Landing Forty-Two, London.

Read the full article here.

Enterprise Mobility ushers in new era

Enterprise, a pioneer in mobility solutions for over six decades, has unveiled its new corporate brand: Enterprise Mobility.

As the global leader reaffirms its mobility ambition and looks to partner with others to help shape future experiences, the business is connecting its full portfolio of offerings – car rental, fleet management, flexible vehicle hire, carsharing, vanpooling, car sales, truck rental, vehicle subscription, luxury rental, technology solutions and more – under the new corporate brand.

Sky reports Steer heading towards auction

Sky News has reported Richard Steer, the mastermind behind Steer Automotive Group is working with DC Advisory on the potential sale of a large stake in the company.

Motor Repair Network launches Activate Initiate

Accident management specialists Motor Repair Network has launched Activate Initiate, a new eNOL app to help customers throughout the claims journey.

The app helps to guide the customer through the stages of FNOL, asks them to provide the important information and photographs, and efficiently triages the vehicle and recognises any engineering decisions.

New repair centre partners with WHUFC women

Maldon Accident Repair Centre has become an Official Back of Shorts partner for West Ham United women’s team.

Based in Essex, Maldon Accident Repair Centre is a state-of-the-art crash repair specialist offering services to private individuals, fleet operators, insurance and accident assistance companies and manufacturers.

Thatcham highlights EV challenges

Thatcham Research has highlighted a lack of insight and understanding surrounding high voltage battery condition diagnostics, and detailed repair methods for damaged EVs as the most pressing concerns during the shift towards electrification.

Thatcham Research states the uncertainty has led to inflated insurance premiums and has even resulted in some providers opting out of covering EVs altogether. Adrian Watson, Head of Engineering at Thatcham Research, said, “We must understand whether the battery has been compromised or damaged post incident. What we need at the moment is clarity on the tools required to perform appropriate battery diagnostic.”

Chinese manufacturers achieve five-star Euro NCAP

Euro NCAP has revealed three Chinese electric family cars: the BYD Seal, XPENG P7 and the BYD Dolphin have all achieved five-star ratings.

According to Euro NCAP ‘all three have achieved Euro NCAP’s highest star rating, with little to choose between them, particularly in the areas of adult and child crash protection. All three are well-equipped with an impressive range of safety technologies, including lane and speed assistance.’

ITAS partners with IAEA

ITAS has partnered with The Institute of Automotive Engineer Assessors (IAEA) to create a new era of modernisation and efficiency.

The partnership aims to enhance IAEA’s services; deliver extended value; increase and secure membership numbers; and provide a fresh approach to its operations; online training and CPD content; and partnership opportunities.

ACG marks record growth with move

Accident Credit Group (ACG) Ltd, a leading funding partner for the accident repair and credit hire sectors, has relocated to new offices following a record year of growth.

ACG Operations Director, Ian Budsworth. “The joint efforts by every part of the business have resulted in this incredible milestone, and we’re excited to see what the next chapter has in store for us”.

Thatcham Research welcomes work experience

Thatcham Research recently welcomed 24 young people to its family work experience day at its Berkshire HQ.

The young visitors took part in a carousel of activities across Thatcham Research’s sites including: witnessing a live crash test followed by a post-impact walk around assessment; demonstrations of car security; hands-on virtual spraybooth simulator; demonstration of safe driving and active safety technology, assisted driving, and automated parking; and some were also given insight into the work of our recruitment and data teams.

Seventy-eight per cent of attendees said following the event they would consider a career in automotive research.

Rivian opens Dusseldorf centre

Rivian has opened its first Service Center in Düsseldorf, Germany.

The centre is strategically located two hours from Rivian’s EU Parts Distribution Centre in the Netherlands and will focus on servicing EDV’s for its Amazon partners and around the city.

The 34,000sqft features five two post lifts, alignment rack, ADAS, office and lounge space.

The Düsseldorf Service Center will be joined by several other German based Service Centers including locations in Munich and Berlin.

Entegral enabling frictionless claims

Frictionless claims and repairs is a priority for insurers, repairers and drivers alike: Entegral explained to delegates at ILC’s ClaimsTech Live 2023 event how its suite of products are helping to make it a reality.

IMI Diversity Task Force launches toolkit

As part of the Institute of the Motor Industry (IMI) Diversity Task Force’s commitment to supporting more inclusive workplaces, a new Neurodiversity Awareness in the Workplace Toolkit has been launched.

The toolkit provides crucial information, advice and guidance and lived experiences from automotive people to help educate and raise awareness about neurodiversity in the workplace.

Britain’s manufacturers have best September since 2020

Manufacturing figures grew by 39.8% in September with nearly 90,000 vehicles leaving factory production lines in Britain. This makes September the most successful month for growth since September 2020, according to The Society of Motor Manufacturers and Traders (SMMT).

That being said, the tariff-free trade deal with the EU requires crucial maintenance for EVs. The bilateral trade is at risk due to costs of EV batteries that could harm the competitiveness of both UK exports and EU imports. This could potentially raise the average cost of EVs by £3,600.

Synetiq secures ISO recertifications across the board

Synetiq shows their commitment to the highest standards of health and safety, environmental management, quality management and information security management.

“As a leader in the vehicle recycling industry, protecting our client, customer and policyholder data is essential to how we operate,” said UK Managing Director for IAA and SYNETIQ CEO Tom Rumboll. “We are equally proud to achieve recertification for ISO 9001, which highlights our commitment to ensuring we supply our customers and clients with high quality products and services every time.”

eBay UK shed a light on potential fines this winter

While drivers are not obligated to bring spare bulbs on their journeys, waiting one to two weeks before changing a blown bulb could now cause a £100. Reports from eBay UK have stated in the worst case, this could also be challenged and raised to £1,000 in court.

Eatron Technologies foresee battery failure

In utilising artificial intelligence (AI), Eatron Technologies have been able to recognise potential battery failures in EVs before they occur. This could not only help to schedule service visits sooner but also affect the way in which the battery is managed to prevent further damage.

People

HB Accident Repair Network has appointed Steven Gilligan as Group Production Manager.

Rik Green has been appointed as Total Loss Repair Consultant at Solus Accident Repair Centres.

Karen Jakes has started a new position as Group Product Manager – Automotive & Repair at Thatcham Research.

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