September saw a milestone for the transition to zero emission mobility as the UK registered its millionth plug-in electric car, with almost quarter of a million registered so far this year alone. This is undoubtedly good news and a sign that massive investment by the industry to develop increasingly sophisticated electric vehicles is bearing fruit. Despite this […]
Ecospend, the UK’s leading open banking payment provider, today announces that it has launched a marketplace payments solution through its ‘pay by bank’ product for Bumper, the leading payment platform specialising in car repairs, accessories, and sales products. Ecospend will provide a best-in-class closed loop payment system, connecting customers with car dealers. Bumper is the […]
Britain’s light commercial vehicle (LCV) market grew by 10.8% to 34,950 units in September, one of the most popular months of the year for new van registrations due to the plate change. Despite strong order books throughout 2022, September is the first month of growth in registrations this year, as supply disruptions have restricted model […]
The UK new car market recorded its second successive month of growth in September, with registrations rising 4.6%, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). During what is typically the second biggest month of the year for the sector, 225,269 cars joined Britain’s roads. While this was a 9,957 unit increase on last year, when the industry recorded its weakest September since 1998, overall registrations for the month […]
New analysis from SMMT highlights the staggering energy costs facing automotive vehicle and component manufacturers in the UK. The industry’s collective energy bill has risen by more than £100m over the last 12 months to at least £300m and it’s no surprise that this is now the single biggest concern for UK automotive manufacturers, with […]
UK commercial vehicle (CV) production grew by 92.9% in August, with 6,132 new vans, buses, trucks, coaches and taxis leaving British factories, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Production volumes almost doubled compared with the same month last year, when production lines and semiconductor supplies […]
UK car manufacturing output rose for the fourth consecutive month in August, up 34.0% year on year to 49,901 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). The performance was, however, -45.9% below August 2019’s pre-pandemic level of 92,158 units, underlining the scale of recovery still needed. The rise, […]
The new government’s first full week of activity brought with it long-awaited news on the extent of business energy cost relief and, today, the Chancellor’s Growth Plan, which opens the door to an automotive recovery with encouragement for investment and tax cuts designed to rebuild consumer confidence. Energy is a big issue for the industry, […]
This week’s return of Automechanika Frankfurt, fully in person again after four years, was a welcome chance to meet some familiar faces in the aftermarket sector and provided the opportunity for SMMT to lead its largest overseas trade mission since the pandemic began. A dedicated UK pavilion included 22 leading aftermarket companies representing the breadth and quality […]
Vyne, the specialist account-to-account payments platform, today announces that in a global first, leading automotive retailer Pendragon PLC will offer its account-to-account payment method as the first and preferred payment method both in-dealership and in the future online. The partnership will introduce Vyne’s account-to-account payment capabilities to Pendragon’s automotive brands, including Evans Halshaw, Stratstone and CarStore. Based on […]
