Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a … [Read more...]
Tradelines 17 August
Van insurance has increased 13.6% in the first half of 2022 for new business customers – with the more recent price jumps attributed to spiralling inflation. In the UK, the average quoted cost of van insurance is now £1,156 and all age groups have recorded double-digit increases to their motor insurance policies since the start of the year. A warning has … [Read more...]
EVs to become dominant in three years
Electric models will dominate fleets in three years, managers have told researchers for Arval Mobility. Just half (50%) of vans and a little over a quarter (28%) of UK company cars are predicted to be using petrol or diesel power alone by 2025, research from the latest Arval Mobility Observatory Barometer shows. Fleet and mobility decision makers were … [Read more...]
Tradelines 10 August
ATS Euromaster has seen the requirement for its mobile tyre service increase rapidly over the last two years. The tyre and maintenance provider said the pandemic, which saw a rise in home delivery, as a contributory factor for soaring fleet demand and ATS Euromaster attends 9,000 jobs a month on average. The Car Wash Association has written to the … [Read more...]
UK new car sales decline slows
UK new car registrations fell 9.0% to reach 112,162 units in July, according to the Society of Motor Manufacturers and Traders. The result marks the fifth month of consecutive decline, although the fall is the smallest recorded this year. Ongoing global supply chain issues, predominantly the lack of semiconductors, continued to frustrate order … [Read more...]
Breaking the EV myth of franchise dealers
The idea that franchise dealers are required more for electric vehicle service, maintenance and repair than their internal combustion engine counterparts is a “myth”, shows new research from epyx. Statistics taken from its 1link Service Network platform, used to manage SMR for more than four million company vehicles largely operated by leasing … [Read more...]
Car production stutters on shortages
UK car production declined -19.2% in the first six months of the year, according to the Society of Motor Manufacturers and Traders, with 95,792 fewer vehicles built compared with the same period in 2021. Just 403,131 units were built, representing the weakest first half since the pandemic-ravaged 2020 and worse than 2009 when the global financial crisis … [Read more...]
Tradelines 27 July
Messe Frankfurt, organisers of the UK Garage and Bodyshop Event, has presented a cheque to Ben for £1,063, following a highly successful partnership at this year's show. The amount was raised through a combination of corporate donation and individual donations that Ben received from attendees at the show who took part in a video game racing challenge … [Read more...]
Yasa expand with jobs boost in Mid-Wales
A flagship research and development centre has opened in Welshpool after a £1.98m investment by the Welsh Government, Economy Minister Vaughan Gething has announced this morning. Automotive manufacturer YASA Ltd will significantly expand its operations from the new centre, based at Offa’s Dyke Business Park, creating up to 40 new jobs. YASA, a leading … [Read more...]
New battery design reduces carbon footprint
Solid-state batteries should reduce the carbon footprint of electric vehicle batteries by almost two-fifths – further increasing EVs’ environmental advantage over fossil fuel vehicles. That’s according to research commissioned by Transport & Environment from Minviro, a UK-based company specialised in raw material life-cycle analysis, which compared … [Read more...]
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