Confusion over regulations covering the installation of home chargers is substantially delaying electric car and van adoption, says the Association of Fleet Professionals. The industry body reports that issues are arising over the fitting of isolators usually put in place as part of the home charger circuit, providing the means to completely cut power to … [Read more...]
Finance News
EVs lead sales recovery – Government must help
UK new car registrations rose by 15.0% in February as 58,994 new cars joined Britain’s roads, said the Society of Motor Manufacturers and Traders. The rise of 7,682 units was in comparison with the same month in 2021, when the pandemic shut car showrooms across the UK. Despite this positive performance, registrations are down -25.9% on pre-pandemic levels, … [Read more...]
EV cars are splitting society, claims used expert
Electric vehicles are a luxury that almost half of society can’t afford, according to claims from used car buying service, Choose My Car. The high cost of purchase, installing expensive charging points, and rising energy costs are just some of the reasons that lower-income drivers are being priced out of the EV market, said Founder … [Read more...]
Newslines 4 March
Wales-based insurer Admiral saw its profits rise 26% during 2021. It posted a pre-tax profit of £769m and means 10,000 employees will now receive free shares up to £3,600 as an incentive after the business benefitted from reduced cars on lockdown roads and more people working from home during the pandemic. Bridgend Council has again brought chaos … [Read more...]
EV sales double in a year in UK
Latest UK data shows sales of electric cars have more than doubled in 12 months and two in three new Jaguars sold are now fully electric. This data is from New AutoMotive’s Electric Car Count – the most up-to-date and comprehensive electric car sales data in the UK. UK manufacturer Jaguar is the brand that is quickest to electrify, with 62% of … [Read more...]
Newslines 3 March
Isuzu UK has added JT Hughes Group to the dealer network in Newtown, Shrewsbury and Telford. The Shropshire and Mid-Wales based car retailer opened the new Isuzu franchise at the beginning of this month and hopes to grow its existing client base with the new range of Award-Winning pick-ups. The average price of petrol yesterday topped 152p a litre for the … [Read more...]
Fleet budgets challenged as hires are extended
Service, maintenance and repair budgets are being severely challenged as fleets are forced to run vehicles for longer, with no end in sight to the immediate lack of vehicle availability due to the semiconductor crisis. According to tyre and maintenance provider ATS Euromaster, both fleets and leasing companies are having to juggle new car availability … [Read more...]
Cyber attack warning to bolster defences
Automotive, engineering, technical businesses and financial institutions have been warned by the National Cyber Security Centre to tighten up their security on-line. Following Russia’s further violation of Ukraine’s territorial integrity, the National Cyber Security Centre has called on organisations in the UK to bolster their online defences. The NCSC – … [Read more...]
£60 paybacks on way to millions of UK car owners
If you bought an imported car between 2006 and 2015 it’s possible you’ll be getting £60 compensation as part of a £150M lawsuit brought against five shipping companies. The carriers MOL, K Line, NYK, WWL/EUKOR and CSAV have admitted to European officials that they fixed prices to inflate charges over the nine years and face the equivalent of £340M in … [Read more...]
Bigger spenders returned to forecourts last year
Figures from the Finance & Leasing Association show that the consumer car finance market reported new business volumes up in December 2021 by 2% compared with the same month in 2020. In 2021 as a whole, new business volumes grew by 9% compared with 2020 to almost 2.1 million cars financed, but remained 14% lower than in 2019. The consumer new car … [Read more...]
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