Electric vehicles have become increasingly popular on UK roads, with charging stations being built in supermarket car parks and schemes available to add a charging port to your home. Insurance experts at A-plan Insurance have analysed data from the Driver and Vehicle Licensing Agency showing the number of privately owned cars and what fuel they […]
As summer draws to a close, news this week that UK car manufacturing notched up a sixth month of growth in July, and CV output a fourth, should help prolong the warmth. For CV production in particular, the year is turning into a real success story with soaring exports and a steady, stable domestic market driving volumes above pre-pandemic […]
The first of September is nearly upon us and with it comes the new 73 number plate. Whilst the date also marks the notional end of what has been a damp summer, the brighter story is the recovery of the new car market, with July completing 12 months of consecutive growth. We expect this trend to continue, […]
The recent news that in Q2, sales of used battery electric vehicles (BEVs) grew by 81.8% should not mask the reality that used BEVs accounted for just 1.7% of the market and that supply has been exceeding demand. This, in turn, has led to falling used EV values for much of the year. According to […]
The HGV and bus and coach markets were sources of optimism this week, with both demonstrating dynamic growth and, for trucks, a welcome return to pre-pandemic levels of demand in the year’s first half. New truck registrations were just shy of 500 days of growth as the market cements its recovery, while the number of new buses in […]
The cost-of-living crisis is the biggest challenge for 7 in 10 car dealers, according to the latest Forecourt Foresight research from Close Brothers Motor Finance. The survey, which looked at dealer’s views of the current landscape and the challenges they’re facing, found that more than half of dealers (54%) believe stock availability will be a […]
This week’s good news was brought to us by the used car sector, recovering well and delivering growth every month this year. The latest quarterly figures reveal that transactions topped 1.8 million during the year’s second quarter, growth driven by the continued easing of supply chain disruptions that have helped recharge the new car sector. […]
Despite the British summer weather looking rather bleak, July’s new car and van registrations were anything but. The month wrapped up an entire year of non-stop growth in the new car market, while van deliveries reached their highest July level since 2020. Electrified performance also impressed, with hybrids, plug-in hybrids and battery electric vehicles accounting for more than a third of the new car […]
The latest car and van production figures out this week show an auto industry finally getting back on track after the tough Covid years, helping meet pent-up consumer demand as manufacturers were increasingly able to manage global supply chain challenges – notably the shortage of semiconductors. Car production grew 11.7% in the first six months, […]
Reflecting upon the milestone, Mann Island Finance’s managing director, John Hughes, notes;“Achieving a live book of £1bn of motor finance lending is a fantastic milestone for us to have achieved as the first new lender to enter the UK market in many years. The success is a combination of great people, fantastic business relationships and […]
