The latest quarterly heavy commercial vehicle registration figures added some warmth and a sense of optimism to an autumnal week, with both the goods and passenger vehicle sectors posting impressive growth. The all-important HGV sector notched up its sixth consecutive quarterly rise, while the bus and coach market posted a triple-digit increase to surpass even pre-pandemic levels. There was […]
Ahead of the government’s Autumn statement, motor dealers have outlined the support they need. Six in ten (61%) dealers say they need help with rising costs, according to Close Brothers Motor Finance’s Forecourt Foresight research. The research of more than 150 dealers found that half (54%) want to see a reduction in business rates. Whilst […]
Over seven thousand SMEs have now been helped by MotoNovo Finance’s fleet funding service, which supports dealers across the UK to provide new and used cars and LCVs to business customers. Access to this money is invaluable as the broader funding market for SMEs has become increasingly constrained. Over the last month, research has highlighted […]
New analysis of the online car market reveals the best cities to buy, sell and turn a profit on luxury car brands like Porsche, Jaguar and Mercedes-Benz. Following the study of over 25,000 online car listings in London and the UK’s 10 largest cities, a recent report from private number plate supplier Regtransfers revealed Glasgow […]
A slew of data out this week gives renewed optimism that vehicle markets are getting back on track. For the first time, new car registrations were above pre-pandemic levels with October 7.2% up. Light commercial vehicle registrations also pushed above 2019 volumes, and the used car market recorded its third successive quarter of growth with almost 1.9 million pre-loved motors changing […]
The demand for the product came from the community. The community fintech which launched its home insurance product earlier this year saw its members’ need for a fair and cost-effective option for vehicle insurance. James Sène, chairman, 11Onze, explained “We launched a survey asking which insurance products our customers would be interested in and vehicle […]
Allica Bank is offering a 50-basis point discount against its standard rates for electric vehicles to make going green more affordable Allica Bank, the challenger bank dedicated to serving Britain’s established small and medium businesses, has launched a new £10m fund to support businesses with the purchase of electric vehicles (EVs), part of a wider […]
Automotive is no stranger to technological revolution and it’s about to embark on yet another with the rollout of connected and automated mobility (CAM) technology. An SMMT published report out this week, summarising a study by KPMG and funded by Innovate UK with support from the Automotive Council and Zenzic, sets out the scale of opportunity before […]
It was good news for UK car production this week, posting almost 40% growth in September to mark the best performance for the month since 2020, and the strongest uplift so far in 2023. While commercial vehicle output saw a small dip against a particularly strong September last year, it remained positive with volumes nearly double pre-Covid […]
An Innovate UK-backed start-up will launch a ground-breaking digital marketplace for 3D printable car parts. Autentica Car Parts, based at Sci-Tech Daresbury, Cheshire, has developed a platform that allows OEMs, such as car designers and manufacturers, to sell spare parts designs to authorised dealers, distributors, and repair centres. The first-of-its-kind solution enables Non-Fungible Tokens (NFT) […]
