Used electric cars are at a tipping point where both consumer interest and values are increasing rapidly, delegates heard at the Annual General Meeting of the Vehicle Remarketing Association. Fraser Brown, director at specialist used electric vehicle (EV) dealer Browns of Richmond and motor retail consultancy Motorvise, said the market had grown by 32% in … [Read more...]
Finance News
Wales’ automotive strength lies in diversity, Welsh forum told
SMMT analysis published today reveals the scale of Wales’ contribution to UK Automotive, with the sector directly supporting 7,000 jobs – representing one in 20 UK automotive workers – sustaining skilled livelihoods and generating £477 million for the economy. The findings come as senior leaders from industry, Welsh Government and the defence sector gather … [Read more...]
Skywell collapse is warning to fleets
The collapse of Skywell’s UK importer this week is further evidence of the risk to fleets of acquiring cars and vans from new entrants, says FleetCheck. Peter Golding, CEO at the fleet software company, said it was very difficult for vehicle operators to assess which manufacturers would maintain a presence in the longer term. “The risk can arise at … [Read more...]
Businesses cut choices as costs rise
Fleets are reducing the length of their company car choice lists in response to a renewed focus on costs, reports Arval UK. Ben Edwards, senior consultant at the vehicle leasing and mobility specialist, said earlier in the 2020s, businesses expanded the selection of models available to employees to make electrification more attractive but now wanted to … [Read more...]
Grenadier fit for police service
The Grenadier range has been deemed fit for duty with the Metropolitan Police after passing the force’s stringent testing process. The seal of approval clears both commercial (N1) and passenger (M1) variants to enter blue light service with the UK’s largest police service, and acts as a benchmark for other forces and services too. The Met Police evaluation … [Read more...]
Tesla sweep to top in strong June registrations
The UK new car market’s recovery continued in June, with registrations rising 11.4% to reach 213,166 units in the best performance for the month since 2019, according to the Society of Motor Manufacturers and Traders, but which warned of problems ahead for the sector. Growth was recorded across all sectors, with registrations by private buyers up 12.5%, … [Read more...]
Transport must remain national priority, say engineers
The Chartered Institution of Highways & Transportation is urging the UK Government to ensure that transport infrastructure investment remains a national priority following the publication of the Government's Defence Investment Plan Funding Explainer, which outlines reductions to elements of the Department for Transport's capital programme to support … [Read more...]
First drive: Mazda6e
Despite the drive towards a greener car market, the choice of what you can buy in Britain has been largely limited to SUVs and smaller cars, but that’s changing with the arrival of the Mazda6e medium-sized saloon. The result of a joint venture with China’s Changan company which provided the powertrain and platform, the UK specific Mazda6e has a new 78kWh … [Read more...]
UK Automotive faces serious risks from failing EV drive
UK car makers and dealers are calling on the Government to revise and invest in their zero emissions target and electric vehicle registrations. In its annual analysis of the automotive sector, the Society of Motor Manufacturers and traders report points to some areas that need fixing: Sky high energy costs Business costs that make it harder to … [Read more...]
Energy Shop shows hidden EV savings
A new calculator from The Energy Shop reveals up to 744,800 Brits may be overpaying by around £48 a year on an EV-specific energy tariff compared with a standard single-rate deal. Ofgem’s July price cap increase of 13% kicks in today and Scott Byrom, Energy Expert and CEO at The Energy Shop, says EV tariffs are most likely to suit drivers who use a lot of … [Read more...]
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