Much has been written in the media this week about the UK automotive sector, in particular its competitiveness as the global industry transitions to electrified vehicles. There’s no doubt we are at a critical moment, with competition to win investment to transform our automotive factories and supply chains at its most fierce. With protectionism on […]
UK car finance fintech Carmoola has raised a £8.5m Series A round and £95m debt facility to revolutionise the way people pay for car purchases. The round was led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriend and InMotion Ventures, the investment arm of Jaguar Land Rover. It also includes a […]
In the first full year of open trading following the pandemic, recovery continued in the heavy goods vehicle (HGV) sector as registrations grew by 9.6% to just over 40,000 units in 2022. Despite the market remaining behind pre-pandemic levels, the latter half of the year posted strong growth as persistent supply chain issues began to […]
Drivers of electric vehicles (EVs) in the East Midlands face increasing problems charging their vehicles in public places as EV numbers soar. A Freedom of Information request by the Electrical Contractors’ Association (ECA) shows most local authorities in the East Midlands have no plans to install new public electric vehicle charge points. ECA, which represents […]
The industry dealt with an array of challenges in 2022, so it’s only right that we begin this year with positive news. In January the new car market recorded six months of growth and the best start to a year since before the pandemic. Not surprisingly, electric vehicles played an important part – accounting for one in […]
The Chinese government is committed to reaching carbon emission peak by 2030, and the promotion of new energy vehicles is one of the main policy directions. In 2022, China accounted for over half of global electric vehicle (EV) sales, making it the world’s largest and one of the fastest growing EV markets. Kantar, the world’s […]
Last week SMMT data revealed that UK production of electrified vehicles reached record levels last year, with almost a third of all cars made either fully electric or hybrid and worth £10bn in exports alone – success built on decades of inward investment. Today, we are at a critical point and need to attract the next […]
Lloyds Banking Group has invested £4m in Caura, an award-winning all-in-one motoring app designed to take the hassle out of car ownership. Caura for iOS and Android provides a single, highly intuitive interface for all driving related payments. It serves the 30 million motorists in the UK today who currently find themselves using between 8-10 […]
2021 was challenging enough, but the latest UK automotive production figures out this week lay bare just how difficult was 2022. Car manufacturing fell by -9.8% to 775,014 units due to persistent supply chain issues – most notably semiconductor shortages, the effects of lockdowns in China, and the significant structural changes that have taken place in the […]
Car finance market place, Zuto, reported record levels of applications for the weeks following Christmas 2022, with the trend continuing through January 2023. Zuto.com saw a week-on-week increase of 44% in applications between 26 December 2022 and 2 January 2023 – a significant uplift from an already busy previous week. Google searches relating to car […]
