UK new vehicle manufacturing declined by -11.9% to 417,232 units in the first six months of the year, according to the Society of Motor Manufacturers and Traders last week, but the foundations have been set for recovery. The decline was softened by a 6.6% increase in car production in June, although this was in comparison with last year when model … [Read more...]
Finance News
EV incentive will hurt used car buyers & sellers
Government support for the used electric car sector is now “essential” following the introduction of new car grants, says the Vehicle Remarketing Association. Bringing down the price of electric cars in the new market only underlined the need for corresponding action in the used sector, said chair Philip Nothard. “The key point here is to recognise that … [Read more...]
Young drivers’ premiums falling
The average cost of driving for young motorists, aged under 25, has fallen by £678 in the past year, according to the latest Young Drivers research from Compare the Market. The decline in the cost of driving is mainly due to a drop in the average car insurance premium which decreased to £1,437 in March 2025, compared to £2,077 in the same month last … [Read more...]
Profitability warning with over-supply of cars
Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the Vehicle Remarketing Association. However, a return to nearer 2.5 million sales would be unlikely to represent real demand and would generally be accompanied by poor unit profitability for dealers, the event at BCA … [Read more...]
PHEVs are stepping stones to full EVs, say dealers
Nearly seven out of 10 dealers (68%) say PHEVs are becoming a stepping stone to an electric vehicle (EV) for car buyers worried about going fully electric. Startline’s July Used Car Tracker shows, as a result, 60% expect values for PHEVs to rise and 48% expect demand to similarly increase. However, many expect this trend to be transitory, with only 37% … [Read more...]
Jaguar performance crashes
Jaguar Land Rover's disastrous product planning has been laid out for all to see in its latest financial results. The company ended its petrol Jaguar models and up to a year at least before its new generation fully-electric series is in showrooms. Dealers have no cars to sell and depend on service work to keep them going. Its Land Rover division is relying … [Read more...]
£16 M hit for businesses in van crime
As temperatures rise across the nation, van owners are being encouraged to be hyper-aware of leaving vehicles unattended with windows and roofs down. This comes as over 12,414 tool thefts were reported from a vehicle in 2024, which stands at almost half (49%) of overall tool theft in the UK. Mike Thompson, COO at Leasing Options has shared insight around … [Read more...]
23-million car owners in line for mis-sold finance
More than 23 million people expect to be win compensation for mis-sold car finance a new survey has found as Brits await a pivotal Supreme Court ruling that could release tens of billions in potential payouts. A new poll by law firm Slater & Gordon found that 45% of people believe they could be entitled to a payout over a car finance agreement taken out … [Read more...]
Weekend roadtest: Kia Stonic GT-Line S
When a prolific manufacturer keeps rolling out new models it's all too easy to overlook their older vehicles, as is the case with the Kia Stonic GT-Line S. Kia is on a roll with its brand in Britain, bringing new EVs to market in a constant stream and more are on the horizon as it enriches its range and wins awards within the industry.So it was good to … [Read more...]
Weekend roadtest: X Peng G6 Long Range
Among the newest of the Chinese car-makers coming to the UK, XPeng has partnered with the people who brought us Subaru and Isuzu in Britain, so let that be a warning to rivals. The Chinese company was founded in 2014 and is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, and Munich. It has partnered platform and electrical … [Read more...]
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