SMMT released its second quarter registration figures for the HGV, Bus and Coach sectors, and mixed signals could be found. The UK new bus and coach market grew slightly by 0.6% to 1,066 units, with the good news that single-deck buses were up 65.3%, while double deckers – which represent a greater share of the market – fell by -24.9%. While ridership … [Read more...]
Finance News
Newslines 23 August
The Swedish electric performance car company Polestar confirmed plans to put their electric roadster concept into production. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster and interested customers can now reserve a car online. Latest research shows that an increasing number of young Brits … [Read more...]
Orders open for ID.Buzz Cargo
Order books for the new all-electric ID. Buzz Cargo are officially open with prices from £38,125 or just £479 per month. Customers can choose between two trim levels that offer business-ready practicality, advanced connectivity, and driver assistance systems: Commerce and Commerce Plus, both fitted with a 77kWh lithium-ion battery and electric motor … [Read more...]
Inflation puts brakes on ev models
Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a … [Read more...]
Government unveil £100M plan for autonomous cars
UK roads could see self-driving vehicles rolled out by 2025 under Government plans backed by £100 million spending which prioritise safety through new laws and create thousands of new jobs in the industry. Some vehicles, including cars, coaches and lorries, with self-driving features could be operating on motorways in the next year, and today’s (August 19) … [Read more...]
Tradelines 17 August
Van insurance has increased 13.6% in the first half of 2022 for new business customers – with the more recent price jumps attributed to spiralling inflation. In the UK, the average quoted cost of van insurance is now £1,156 and all age groups have recorded double-digit increases to their motor insurance policies since the start of the year. A warning has … [Read more...]
EVs to become dominant in three years
Electric models will dominate fleets in three years, managers have told researchers for Arval Mobility. Just half (50%) of vans and a little over a quarter (28%) of UK company cars are predicted to be using petrol or diesel power alone by 2025, research from the latest Arval Mobility Observatory Barometer shows. Fleet and mobility decision makers were … [Read more...]
Newslines 16 August
Welsh motorists rank in the middle of UK victims of car crime, according to Direct Line insurance. Over three years soe 36,831 vehicle crimes were reported to police, under 4% of the share of all crime in Waes and about 12. vehicle crimes per 1,000 people, while London topped the hit list with 321,000 vehicle crimes, almost one-in-ten of all offences and … [Read more...]
Newslines 15 August
Salon Privé Blenheim Palace at the end of this month will host the UK debut of the all-new, all-electric DEUS Automobiles Vayanne hypercar following its display during Monterey Car Week and Pebble Beach this month. Named as the most powerful pure electric hypercar in the world, the 2,200bhp DEUS Vayanne has been designed, developed, and tested in … [Read more...]
InstaVolt raising public charging price
EV charging network InstaVolt has raising its price 15.7% to 66ppkWh from Monday. The rise from 57ppkWh applies to all payment types and the company says the steep rise is due to the enforced 20% VAT rate on public chargers compared to just 5% levied on domestic points. Other public point providers are expected to follow suit as the electric supply … [Read more...]
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