Diesel sales are collapsing around the country as registrations of new electric cars are growing. The ev growth is fastest in North East England and Oxfordshire , according to New AutoMotive’s monthly data release, the Electric Car Count, which tracks new car registrations in the UK. Ben Nelmes, Head of Policy and Research at New AutoMotive, … [Read more...]
Finance News
Wales’s lowest electric vehicle charging grant take-up in UK
Wales had the lowest uptake for electric car home charging grants, according to figures from the Office for Zero Emission Vehicles. The demand for the Electric Vehicle Homecharge Scheme’s (EVHS) in Wales amounted to just 319 grants per 100,000 homes last year. The highest take-up of EVHS, which provides 75% of the cost of installing electric vehicle … [Read more...]
Britain’s underpowered in EV incentives and take-up
New research from Select Car Leasing identifies where the UK government ranks in the promotion of electric vehicles compared to 32 other European countries. Countries across the world are battling a widespread lack of confidence in electric vehicles, due to low availability of charging points, a limited choice of cars and higher cost compared to petrol … [Read more...]
Slow recovery in new car registrations
New car sales are slowly picking up after the first full month of showroom openings, said the Society of Motor Manufacturers and Traders. Registrations in May reached 156,737 units, an almost eightfold increase on the same month last year, but down -14.7% on pre-pandemic May 2019, and -13.2% on the 10-year May average. Against a more positive economic … [Read more...]
Newslines 1 June
cinch reports there’s been an unprecedented upsurge in searches for convertibles from ever-optimistic Brit car buyers looking to purchase a car that will allow them to literally feel the wind in their hair and the sun on their face. From 4 January to 26 April, cinch saw a 303% increase in convertible car views, with views steady ever since and last week … [Read more...]
Big shake up in classic cars fans’ rankings
Data from one of Europe’s leading website for classic car sales, Car & Classic, highlights a significant shift in the volume and type of cars enthusiasts are searching for after a year of restrictions and lockdowns. Popular classics such as MGB GT, Volkswagen Beetle and Ford Cortina, the latter falling from second to ninth when comparing Q1 2020 and Q1 … [Read more...]
Car sales are rising but beware of finance costs
More than half of UK drivers (51%) are intending to buy a new or used car in the next six months, now that showrooms have re-opened and travel curbs are lifting said comparethemarket.com. Drivers are set to spend an average of £15,042 on these cars, with 39% planning to buy either an electric or hybrid vehicle. The main reasons that drivers cite for … [Read more...]
Newslines 28 May
A unique sports suspension calibration and body styling with distinctive interior trim is available in the new Bentley Bentayga S. It’s the first S trimmed luxury SUV from the British marque and uses the 550ps 4.0V8 turbo-petrol engine and eight-speed automatic gearbox. It reaches 60mph in 4.4seconds and has a 180mph maximum. A split sports exhaust, dark … [Read more...]
Fleets expressing RV concerns over petrol & diesel models
Customers are already beginning to express residual values fears over buying new diesel or petrol cars and vans thanks to the prospect of rapid electrification, FleetCheck is reporting. Through its sister Fleetfind operation, the fleet software company helps its client base source vehicles, and says that buyers are concerned about the prospects for internal … [Read more...]
Luxury loophole can add value but not cost
Smart buyers, dealers and manufacturers have been given a lifeline to save expensive payments on new cars, for now. The Government's Office for Zero Emission Vehicles has provided clarity around the price cap definition stating cars must be priced below £35,000 RRP to be eligible for Government grants. In particular, the price cap definition includes “any … [Read more...]
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