The automotive industry has continued to battle significant challenges during the last three years, from lockdowns to component shortages, logistics costs to skills shortages. The most immediate threat to competitiveness – indeed, to the very viability of many operations – is the cost of energy. The sky-high prices, which forecasters believe will continue this year […]
Over the last couple of years – starting even before the pandemic – there has been more focus in shifting countries to embrace electric vehicles in an attempt to mitigate the damage to the climate before it’s too late. But, new data from the RAC points to a concerning trend in the cost of charging […]
The new year brings with it annual new car and van registration figures, and data for 2022 shows that the UK new car market fell -2.0% last year to 1.61 million units. The pandemic continues to cast a long shadow over the global automotive industry and its impact, coupled with geopolitical events, meant that last year was […]
From 2030 no new petrol or diesel cars will be sold in the UK but, according to new Lloyds Bank research, more than two fifths (44%) of UK homes are unsuitable for electric vehicle ownership. However, this year has seen Battery Electric Vehicle registrations up 38%, in the last 12 months. Still, those without garages, […]
The average cost of the most competitive motor insurance deals has increased 17.4% in the past year adding to the cost of living pressure in the UK, the latest motor insurance price index published by Consumer Intelligence shows. Price rises in car insurance are outstripping inflation for the economy as a whole at 10.7% with […]
Freedom Finance, the award winning embedded lending and digital lending marketplace, is delighted to announce that it has launched an improved auto finance service to provide greater choice for customers. Customers will enter a bespoke vehicle finance journey that allows Freedom Finance to better identify their needs and provide customers with more accurate auto finance […]
The fourth consecutive month of growth for the new car market gave us good reason for optimism this week, as the latest industry figures for November showed a 23.5% growth. As supply chain shortages begin to ease, albeit erratically, growth was driven by registrations from large fleets, and of battery and hybrid electric vehicles, signposting concerted […]
The UK’s new light commercial vehicle (LCV) market fell by -22.2% in November, with 24,352 of the latest vans joining Britain’s roads, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). While the scale of the decline is artificially inflated in comparison with last year, which saw the best November performance in history, the total is the lowest recorded for the month […]
The Social Market Foundation, a cross-party think-tank, is warning of a skills shortfall among mechanics trained to service and repair electric vehicles (EVs). Shortages of qualified technicians risks driving up servicing costs and potentially leaving some drivers unable to have their cars maintained properly. While the coming shortages could undermine work to decarbonise British transport, […]
The UK new car market grew 23.5% in November to 142,889 registered units in the fourth consecutive month of year-on-year growth, according to new figures published today by the Society of Motor Manufacturers and Traders (SMMT). The growth delivered the best total for November since 2019,1 with manufacturers continuing efforts to fulfil orders amid erratic global […]
