Ford has returned to the top spot in Wales once again. It has been hamstrung by vehicle shortages due to components being unavailable to build cars across Europe but it has slowly been improving this year as alternative sources are used. Now in May it saw the Puma and Kuga clearly ahead in Welsh registrations with the former making big gains in particular … [Read more...]
Finance News
Car sales take another battering in May
New UK car registrations fell -20.6% to 124,394 units in the second weakest May since 1992, after the 2020 pandemic-hit market, as supply shortages continued to hamper new purchases and the fulfilment of existing orders, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations amounted to 124,394 last month after a … [Read more...]
Poor charging network is slowing ev green drive
Poor availability of charging facilities on a local basis is hampering the ability of dealers to sell both new and used electric vehicles to “a surprisingly large degree,” the Vehicle Remarketing Association is reporting. Philip Nothard, VRA chair, said that the issue appeared to be especially the case in areas where consumers rarely had off-road parking … [Read more...]
Lower stock, bigger mix and longer retentions
Lower volumes of stock, changes to the available brand mix and longer vehicle retention will be among the major trends in the used car sector in the second half of 2022, says the Vehicle Remarketing Association. Philip Nothard, VRA chair said members expected the market to remain relatively strong but that significant difficulties remained and were likely … [Read more...]
Tradelines 1 June
Using FOI requests to 50 UK councils, Rivervale Leasing has investigated 21,106 vehicles reported abandoned during 2021 to find out the most common and where this is happening most frequently. The Ford Transit was the most commonly abandoned vehicle by a long way but the top dumped car compared to their total registrations was the Suzuki Vitara and in Wales … [Read more...]
Fleets’ fears over 2030 EV-deadline
The pressures of working towards the 2030 zero-emissions vehicle production deadline is the number one concern for fleet decision makers when examining the challenges they face over the next five years. According to Arval Mobility Observatory’s latest Barometer, 43% of respondents mentioned the 2030 deadline as their top challenge, followed by a lack of … [Read more...]
UK must invest in battery plants and recycling
Disrupted supply chains are causing long waiting lists for new electric cars and to fix it we need shorter supply chains and massively ramp-up battery recycling, argues Aidan McClean, founder of UFODRIVE . The demand for electric vehicles (EVs) is skyrocketing – but supply just can’t keep up; and, according to recent reports, this is causing … [Read more...]
Newslines 31 May
Octopus Electric Vehicles has secured a multi-million-pound green funding line from HSBC UK to support the growth of its salary sacrifice scheme, which aims to make the switch from a petrol or diesel car to an electric car easy and affordable for businesses and drivers. The company will use the funding to finance its fleet of electric cars for clients … [Read more...]
UK Government needs truck-charging network plan
Governments and industry face a huge challenge to decarbonize trucks and establish a suitable heavy duty charging network for them throughout the UK and Europe, according to vehicle makers in Europe. If enough charging stations are rapidly installed across the EU, their market uptake will increase exponentially over the coming years,” stated Martin … [Read more...]
Electricity charging costs rise 21% as market grows
The era of cheap electricity to charge a new low emissions car is disappearing while their sales are rising in the latest production figures from the Society of Motor Manufacturers and Traders. The average price of charging an electric car on a pay-as-you go, non-subscription basis at a publicly accessible rapid charger in Great Britain has increased by 21% … [Read more...]
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