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) […]
SMMT’s second Global Trade Conference lived up to its name this week, drawing an audience from all corners of the world to discuss one of the biggest priorities for any automotive manufacturing nation and market with ambition to grow – trade. Free and fair trade is the goal of every global industry, not least our […]
Hodge has announced its partnership with Blue Motor Finance, offering the leading second-hand car finance and technology company a funding facility of up to £240million for two years. Blue Motor Finance operates in the used car market, providing hire-purchase loans to consumers through its network of dealerships and brokers. The deal is all part of […]
Automotive is one of the UK’s most important sectors, ideally placed to drive net zero and boost the economy, but if we are to deliver on our potential then we must have free and fair global trade. This will be the central theme at our second Global Trade Conference, returning to screens worldwide next week […]
Cambridge & Counties Bank expects to break the £100m mark in financing for classic, vintage and sports (CVS) cars in 2023 as demand for specialist car lending continues to increase in the UK. The bank has seen £96m drawn by car owners and enthusiasts since launching into the specialist market in 2018 and is on […]
