Finance News

Learners are getting older, survey suggests

7 May 2021

As driving lessons and tests return, new figures from a car insurance comparison website show almost a third of all learner drivers are over 30 years of age. Quotezone.co.uk data also reveals that many motorists spend longer as learner drivers than might be expected, with almost a third (32.2%) holding a provisional licence for more than a decade. While … [Read more...]

Sparks of realism needed for electric and hybrid vehicles

7 May 2021

Electric and hybrid vehicles must become more affordable for consumers and more profitable for producers, according to GKN. For that to happen, suppliers must find new and better ways to make electric propulsion more economically viable. GKN Automotive’s technology roadmap focuses on reducing the premium for e-mobility, while maximising the benefits. Lower … [Read more...]

Wales’s car sales sky-rocket after lockdown

5 May 2021

Car sales in Wales last month rocketed over 6,750%, the biggest jump in mainland Britain, said the Society of Motor Manufacturers and Traders. Only Northern Ireland exceeded this leap in 12 months when showrooms recorded 13,629% rise. Scotland saw a 5,686 jump but English dealers trailed with just under 3,000%. Last month, total UK new registrations … [Read more...]

Volkswagen sales of EVs soar & Porsche power on

5 May 2021

Figures being released today will show the steady advance of electric car sales. April saw further evidence that more manufacturers are racing to secure a share of the market for new EVs. New AutoMotive’s monthly data release tracks new car registrations in Great Britain and shows that the market for new EVs is distributed between an increasing number of … [Read more...]

Genesis brand launches in UK

4 May 2021

Hyundai’s premium Genesis brand goes on UK sale this summer. There will not be a dealer network but the manufacturer will have a Genesis Studio in Westfield shopping centre, London and also provide sales on-line. Prices are likely to begin about £35,000 for the saloon and £50,000 for the suv, and will be fixed and non-negotiable. It was … [Read more...]

Buyers looking for more used evs, says AA Cars

30 April 2021

Interest in used electric vehicles rose by almost 20% in 2020, despite the pandemic and the closure of car dealerships during lockdown periods, new analysis by AA Cars, the AA’s used car website, has revealed. Searches for EVs on the AA Cars platform have been growing steadily year after year, increasing 47 times (4,623%) since 2015. Interest in … [Read more...]

Salary sacrifice is saving emissions, reports Arval

28 April 2021

Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and … [Read more...]

UK debut for new Honda EV home charger

27 April 2021

Honda is to debut its domestic intelligent charging service – ‘e:PROGRESS’ - in the UK. e:PROGRESS is the most comprehensive and innovative home charging solution from an automotive manufacturer in Europe, and Honda’s first energy management service to be launched in the region. At the heart of e:PROGRESS lies a connected charger and … [Read more...]

Premiums dip to new low but expect rises

23 April 2021

The average annual car insurance premium has dipped slightly to £602 in March 2021. This marginal decline from the previous month suggests the end of the big price falls and the average premium is still £110 cheaper than the same month last year. Dan Hutson, head of motor insurance, comparethemarket.com said,“The rapid fall in car insurance premiums, seen … [Read more...]

£50M orders for supercars in March by JBR Capital