A happy start to the New Year was delivered by the latest annual vehicle registration figures, out today, which reveal that the new car market in 2023 had its best year since the pandemic. December’s strong performance wrapped up 17 months of consecutive growth – growth which saw some 1.903 million passenger cars reach Britain’s roads last […]
According to Daniel Forsberg, marketing manager for EVSE at global vehicle charging brand CTEK2024 will be an exciting year of change for the UK’s growing numbers of Electric Vehicle (EV) drivers, with huge numbers of new public charge points installed and more charge points working more of the time. EV drivers will no longer hope that […]
Complaints to the Financial Ombudsman Service (FoS) about motor finance more than doubled in the three months to September. The increase was primarily driven by professional representatives, sometimes known as claims management companies. However, the upheld cases emanating from such organisations were particularly low. Across all areas of complaints, FoS has reported that more than […]
As the season’s festivities get underway, some outstanding issues remain before the automotive industry can call time on 2023. Last week we took a collective breath as the European Commission proposed to extend the current EU-UK trade rules governing EVs and batteries to 2027. We must hold that breath just a while longer as the […]
The cost-of-living crisis is going to be the biggest challenge for dealers to navigate in 2024, according to Close Brothers Motor Finance’s Forecourt Foresight research. The research, which surveys 200 motor dealers across the UK, found that cost-of-living crisis is becoming an increasingly prevalent challenge for dealers as it continues to weigh heavily on customer […]
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2023 by 11% compared with the same month in 2022. In the ten months to October 2023, new business was 14% higher than in the same period in 2022. The […]
After a lengthy period of campaigning for a solution to the challenge of tougher UK-EU rules of origin on EVs, this week delivered a breakthrough as the European Commission responded with a proposal that would edge our respective automotive industries back from the brink. Its 11th-hour plan to extend the current rules for electric vehicles […]
UK Automotive has entered a period of rapid and significant transformation, led by a mammoth £20bn in private sector investment this year, an amount in excess of the combined total of the previous seven years. These figures, revealed at SMMT’s Annual Dinner this week, illustrate the commitment made by both government and industry to Britain’s automotive future […]
Transport is one of the biggest greenhouse gas emitters in the UK. According to UK government research, in 2021 transport was responsible for 26% of greenhouse gas emissions in the UK, almost all through carbon dioxide emissions. Cutting emissions in the sector is vital to meeting UK targets for tackling climate change and could also […]
UK Automotive’s attention was firmly on the chancellor this week as he unveiled his much anticipated Autumn Statement with its plans for economic growth. Those plans follow last Friday’s £4.5bn announcement for advanced manufacturing, over £2bn of which goes to automotive – an unequivocal vote of confidence in the sector. That commitment comes on the […]
