The Society of Motor Manufacturers and Traders (SMMT) has called for greater support for private retail uptake of electric vehicles, following new figures showing businesses are twice as likely as consumers to make the switch from petrol or diesel. SMMT analysis of new car registrations in 2020 show that just 4.6% of privately bought cars […]
GVE London Ltd, premier supercar dealership, has been supported with £1.6m in working capital funding by leading alternative finance provider for mid-sized SMEs, ThinCats. Established in 2009 by owner and MD David Rai, GVE is one of the UK’s leading independent suppliers of luxury vehicles, providing a one-stop shop for the needs of buyers, owners […]
This week the government published the responses to its consultation on the ending of sale of new petrol and diesel cars and vans in 2030. While the automotive industry has a critical role to play on this journey, the list of organisations that responded is evidence of the wide range of stakeholders that are also […]
New research from investment holding company MBH Corporation shows nearly one in 10 people (9%) plan to take a caravan holiday in the UK for the first time this year as tourists worry about potential Covid-19 risks when on vacation. That is three times the number who took a UK caravan holiday for the first-time […]
Independent SME funder, Bibby Financial Services (BFS), has provided a £2.5m funding facility to Brit-Pol Limited, a haulage specialist with a decade of experience in the industry. Based in Immingham, Lincolnshire, Brit-Pol Ltd is a family-run haulage company which collects goods in Europe and delivers to Blue Chip Companies operating in Germany, the Netherlands, Luxembourg and […]
The UK new light commercial vehicle market grew by 22.0% in the second month of the year, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Usually one of the year’s weaker months as many operators wait for the new March number plate, 2021 saw the strongest February […]
Despite the past 12 months proving testing for many businesses, it’s been full steam ahead for the UK’s leading windscreen repair professionals Optic-Kleer. The innovatory brand is working its way towards national coverage and has welcomed 16 new franchisees on board in the six months since September 2020. Optic-Kleer’s work has been able to continue […]
Verex Group, the market leader in dedicated connected car services, is working with multiple UK vehicle manufacturers to change how their customers will buy new and used vehicles in 2021 by facilitating a portfolio of additional services using connected data. These new value-added services will be offered to many customers this year and include an […]
UK engine manufacturing output declines -29.3% in January with just 168,291 units built. Production for domestic and overseas markets falls -27.2% and -30.8% respectively. 13th consecutive month of decline as automotive sector looks towards March budget for support. Mike Hawes, SMMT chief executive, said, “It has been an extremely challenging start to the year for UK […]
UK car production fell -27.3% in January to 86,052 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT). With a fall of 32,262, this was the worst January performance since 2009, and a 17th consecutive month of decline. Multiple factors, including the ongoing effects of the pandemic, global supply […]
