As driving lessons and tests return, new figures from a car insurance comparison website show almost a third of all learner drivers are over 30 years of age. Quotezone.co.uk data also reveals that many motorists spend longer as learner drivers than might be expected, with almost a third (32.2%) holding a provisional licence for more than a decade. While the general picture of learners being … [Read more...]
Finance News
Sparks of realism needed for electric and hybrid vehicles
Electric and hybrid vehicles must become more affordable for consumers and more profitable for producers, according to GKN. For that to happen, suppliers must find new and better ways to make electric propulsion more economically viable. GKN Automotive’s technology roadmap focuses on reducing the premium for e-mobility, while maximising the benefits. Lower costs, optimum efficiency, NVH … [Read more...]
Wales’s car sales sky-rocket after lockdown
Car sales in Wales last month rocketed over 6,750%, the biggest jump in mainland Britain, said the Society of Motor Manufacturers and Traders. Only Northern Ireland exceeded this leap in 12 months when showrooms recorded 13,629% rise. Scotland saw a 5,686 jump but English dealers trailed with just under 3,000%. Last month, total UK new registrations reached 141,109 cars compared to 4,205 some 12 … [Read more...]
Volkswagen sales of EVs soar & Porsche power on
Figures being released today will show the steady advance of electric car sales. April saw further evidence that more manufacturers are racing to secure a share of the market for new EVs. New AutoMotive’s monthly data release tracks new car registrations in Great Britain and shows that the market for new EVs is distributed between an increasing number of manufacturers. Volkswagen took the … [Read more...]
Genesis brand launches in UK
Hyundai’s premium Genesis brand goes on UK sale this summer. There will not be a dealer network but the manufacturer will have a Genesis Studio in Westfield shopping centre, London and also provide sales on-line. Prices are likely to begin about £35,000 for the saloon and £50,000 for the suv, and will be fixed and non-negotiable. It was established in 2015 and has been selling … [Read more...]
Buyers looking for more used evs, says AA Cars
Interest in used electric vehicles rose by almost 20% in 2020, despite the pandemic and the closure of car dealerships during lockdown periods, new analysis by AA Cars, the AA’s used car website, has revealed. Searches for EVs on the AA Cars platform have been growing steadily year after year, increasing 47 times (4,623%) since 2015. Interest in electric cars grew by 18.85% year-on-year in … [Read more...]
Salary sacrifice is saving emissions, reports Arval
Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and the creation of new schemes. Richard … [Read more...]
UK debut for new Honda EV home charger
Honda is to debut its domestic intelligent charging service – ‘e:PROGRESS’ - in the UK.e:PROGRESS is the most comprehensive and innovative home charging solution from an automotive manufacturer in Europe, and Honda’s first energy management service to be launched in the region.At the heart of e:PROGRESS lies a connected charger and advanced intelligent software developed by … [Read more...]
Premiums dip to new low but expect rises
The average annual car insurance premium has dipped slightly to £602 in March 2021. This marginal decline from the previous month suggests the end of the big price falls and the average premium is still £110 cheaper than the same month last year. Dan Hutson, head of motor insurance, comparethemarket.com said,“The rapid fall in car insurance premiums, seen during the winter, appears to have come … [Read more...]
£50M orders for supercars in March by JBR Capital
Some £50M of pent-up demand for high performance vehicles is being unleashed onto the market, with leading finance provider JBR Capital experiencing record volumes of lending on models from Aston Martin, Ferrari, McLaren and Porsche in March. Porsche proved to be the most financed marque last month with the all-electric Taycan generating a large number of proposals as interest in electric … [Read more...]
