UK new car market declines -15.8% to 119,167 units in April, but battery electric car registrations buck trend, up 40.9%. SMMT revises 2022 outlook down from 1.89m units to 1.72m as parts shortages continue to impact supply. Plug-in cars anticipated to account for more than a quarter of market in 2022 but additional assurance needed for […]
Leading automotive finance provider, JBR Capital, has launched into 2022 with a record-setting four-month period – the most successful since the company was founded in 2015. Based in London, JBR Capital has lent over £80m from 1 January to 30 April, enabling an ever-growing number of clients to fund their passion for high-end vehicles. JBR […]
Bury St Edmunds husband and wife, Paul and Emma Bishop, have secured significant funding deal from NatWest to purchase a local car garage in the town. The six-figure package has enabled the couple to take over the business, based in Eastern Way industrial estate, following the retirement of its former owner. It will now be […]
Massive investment by car makers since 2011 means today’s electric vehicle buyers can benefit from a 15-fold increase in choice of model, as well as, on average, more than three times the battery range compared with a decade ago, according to new research by the Society of Motor Manufacturers and Traders (SMMT). At the time […]
Business Gateway has helped an electric vehicle charging station contractor expand into new manufacturing facilities in Dundee and ensured the growth of its services. Tronius, based in Dundee, is Scotland’s first business dedicated to providing EV charging points. They also provide support for clients to help them meet their electric vehicle, energy and CO2 targets. […]
Nottinghamshire van rental company Newark Vehicle Hire has secured a six-figure funding package from Paragon SME Lending to help expand its fleet, including the addition of electric vans. The company has acquired eight Mercedes 315 Sprinter Vans and two Maxus Electric Vans. The latest additions bring its total fleet to 259 vehicles, including 23 electric […]
After two years of travel restrictions, SMMT was finally able to resume cross Atlantic discussions this week with a visit to Washington D.C. to strengthen collaboration with our sister associations and members with business in the U.S as well as resuming discussions with key automotive and trade policy stakeholders including the Department of Commerce and […]
While the automotive industry has proved resilient over the past two years, the long-term effects of the pandemic continue to stifle any recovery for the sector. Despite demand for new vehicles remaining high, the global shortage of semiconductors contributed to a -14.3% decline in car registrations during the traditionally strong ‘new numberplate’ March. Indeed, this year’s March […]
UK new car registrations fell by -14.3% to 243,479 units in March, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite manufacturers reporting robust order books during the first quarter, ongoing supply chain shortages – especially of semiconductors – continued to squeeze supply during what is normally the industry’s busiest month as buyers demand the latest […]
Everrati Automotive Limited (Everrati), the leading creator of redefined electric classic & iconic cars, is now offering its customers the ability to fund a purchase through a new arrangement with specialist high-end vehicle financer, JBR Capital. Thanks to this innovative new initiative, a first within the automotive market, customers can arrange bespoke finance for an […]
