In another torrid start to the year for automotive production in the UK, we witnessed the weakest performing January since the global financial crisis in 2009. Production of cars fell by -20.1% and engine output by -15.9%, with only commercial vehicle manufacturing recording growth – although on the back of an exceptionally tough 2020. While […]
Surrey-based coach company Wattsway Travel has added its first electric coach to its fleet after securing a six-figure funding package from Paragon Bank, via broker, Stoke Park Finance Limited. The company has acquired a 53-seat Yutong TCe12 all electric coach, which offers a range in excess of 200 miles at a full charge. The vehicle […]
Astra Vehicle Technologies, based in Ellesmere Port, Cheshire specialises in commercial vehicle chassis conversion and modification services, along with the design and supply of specialist exhaust systems and emission control products. Founded in 2005, the business offers a ‘one-stop-shop’ for commercial vehicle customisation. With growing demand to reduce commercial vehicle emissions, Astra Vehicle Technologies has […]
The UK new bus and coach market declined by -16.8% in 2021, with registrations falling to just 3,467 vehicles, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Quarter four, down -31.6% to just 883 registrations, rounded off the worst year since records began as ridership levels failed to recover to […]
There was some good news for the industry this week with the used car market returning to growth in 2021. Transactions rose 11.5% on 2020 to more than 7.5 million, though activity was still below where we were pre-pandemic and performance throughout the year was volatile. Whilst the second quarter was the best Q2 on […]
Zenobē Energy, the leading EV fleet and battery storage specialist, has established a multi-source debt structure of £241m to radically accelerate the expansion of the EV fleet sector. The first of its kind funding platform, advised and structured by NatWest, draws on the support of several financial institutions, and will enable Zenobē to initially service […]
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth, […]
After a difficult year in 2021, there was some good news for the UK automotive industry today with January new car registrations increasing by more than a quarter, with a major uplift in demand for electrified vehicles. With more than 140 plug-in car models available to UK buyers currently, and another 50 or so to […]
Building on a highly successful 2021, MotoNovo has announced an all-new senior leadership team led by managing director Karl Werner, designed to spearhead ambitious plans for further expansion in the year ahead . The new team is: Debbie McKay, promoted to the new role as commercial director of motor sales, Chris Rowthorn, promoted to a […]
The annual TMA UK Review / Preview event took place recently and a panel of experts reflected on the past year and shared their thoughts on the outlook for 2022. One of the panellists, David Sanders, a partner in the Energy Transition team at PA Consulting, spoke about the move towards clean energy solutions and […]
