The UK’s used car market declined in 2020, down -14.9% according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,752,959 used car transactions took place, 1,182,146 fewer than in 2019, making 2020 the lowest performing year since 2012 as lockdown measures to tackle the coronavirus pandemic and turbulent […]
Whilst the service and repair sector has been operating throughout lockdown, retailers have remained closed for all but click and collect during the majority of January, and, off the back of a £20.4 billion loss in revenue for the sector last year, the news that new car registrations fell by -39.5% last month highlights the incredibly tough […]
The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of the year, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Registrations rose 2.0% in January with 24,029 of the latest, low emission vehicles hitting UK roads as new models and deals drove […]
Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to […]
DF Capital announces that in the last year it is has provided £70m in facilities for the MAXUS Dealer Network, operated by the Harris Maxus a member of the Harris Group of Companies, enabling the business to grow further and get its industry-leading fleet of electric vans out to a larger audience. The Harris Group […]
UK car production declined -29.3% in 2020, to 920,928 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT). December, output was down -2.3% to 71,403, with some firms affected by border closures and thus component supply issues. This rounded off a dreadful year, the worst since 1984 […]
Fiduciam is extending its relationship with car manufacturer TVR through a further three-year £2m loan, under the Coronavirus Business Interruption Loan Scheme (CBILS). Fiduciam has been a financial backer of TVR’s project to launch a new car since 2016. In March 2016 Fiduciam granted a £6 million credit facility to TVR to allow it to […]
The big news this week is the inauguration of a new president in the US, with Joe Biden replacing the outgoing President Trump. Now that the UK has agreed and ratified the TCA with the EU, we need to forge new trading relationships with other important partners and the US is a crucial market for […]
The vast majority of SME business owners (94%) believe UK businesses that use vehicles and wheeled assets have a responsibility to change them to electric vehicles (EVs) as soon as possible, with almost half (46%) believing this should be a priority. According to new research1 commissioned by Cambridge & Counties Bank looking into sentiment towards […]
The UK new car market fell by almost a third (-29.4%) in 2020, with annual registrations dropping to 1,631,064 units, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). A -10.9% decline in December wrapped up a turbulent 12 months, which saw demand fall by 680,076 units to the lowest […]
