Despite a record-low base of comparison due to the COVID pandemic, sales of new cars continued to decline in the EU last year because of the microchip shortage. With chip supplies expected to stabilise in 2022, the European Automobile Manufacturers’ Association now forecasts that passenger car registrations in the EU will return to growth this year, rising … [Read more...]
Finance News
Used Volvos direct from manufacturer
Volvo Car UK has taken a motor industry lead with the launch of the UK’s first online platform for the sale of approved used cars, direct from the manufacturer. Volvo Cars Selekt Direct allows consumers to search for, select and pay for the premium Volvo Selekt approved used car they want in a full, end-to-end service that is both convenient and secure. … [Read more...]
MG ZS EV range gets newcomer
Hot on the heels of the award winning New MG ZS EV Long Range, the UK’s fastest-growing mainstream car brand has announced further details of the great value New MG ZS EV Standard Range. On-sale now, the ZS EV Standard Range doubles the number of versions in the New MG ZS EV range and offers even greater value to customers, while still offering an … [Read more...]
Newslines 7 February
Volvo Car UK has launched its first ever Pure Electric Test Drive Hub at the iconic Eden Project and reaffirms the business’s commitment to being an electric-only car manufacturer by 2030. The Eden Project attracts more than one million visitors every year who will be given the opportunity to test drive Volvo’s pure electric fleet around the picturesque … [Read more...]
EV sales offer hope as new car market staggers
New car registrations in Wales rose the most in mainland Britain last month, according to figures from the Society of Motor Manufactuers and Traders. Welsh showrooms saw 4,166 new cars leaving in 2022 compared to 2,654 as the year started in 2021, a 56.97% jump. The latest figures from the SMMT show that 115,087 new cars were registered in January, some … [Read more...]
EVs depreciate less than petrol or diesel cars
A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and … [Read more...]
EV charging costs are postcode lottery
Figures from British Gas show there are currently 21 local authorities in England and Wales that allow drivers to charge their batteries free of charge but in some areas motorists are forced to pay as much as £4 per kilowatt hour. Analysis found that at that price it would cost around £240 to charge a typical EV from full to flat while it would cost around … [Read more...]
Bentley will go all electric beginning in three years time
Bentley is going electric. A new family of luxury bespoke cars will be assembled in its Crewe factory from 2025 as part of a £2.5 Billion investment in sustainability over the next decade. The first BEV is scheduled to roll off the production line in 2025 and will mark a significant moment in Bentley’s long and illustrious history. It is also a critical … [Read more...]
The changing face of car sales and part exchanges
More manufacturers selling direct to the public is going to change the dealership model in future. The effects of the growth of franchise dealer agency models on the remarketing sector are not yet understood but could be far-reaching, according to the Vehicle Remarketing Association. Last year, Genesis launched as a manufacturer only on-line sales platform … [Read more...]
Welsh electric vehicle registrations accelerate 76% in a year
Wales is switching on to electric cars in a big way. Ultra low emission vehicles registrations across Wales shot up nearly 76% between July-September compared to the same time a year before. The Department for Transport’s figures show that at the end of September, 12,900 vehicles belonged to Welsh residents, up from 7,330 on July-September 2020. The … [Read more...]
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