The global market share of petrol and diesel has fallen by a fifth in two and half years, according to data from New AutoMotive’s latest Global Electric Vehicle Tracker. Sales of internal combustion engine vehicles have slumped from 78% to 63%, with the market showing no sign of this trend slowing. Meanwhile, in the same period, electric vehicles (EVs) have … [Read more...]
Outlook for EV sales is worsening, say car makers
New evidence of worsening outlook for electric vehicle market reinforces need for urgent action, said Continental car makers. New data from S&P Global reveals a worsening outlook for the EU battery-electric vehicle (BEV) market amid shifting economic conditions. Between the first and second halves of 2024 market expectations significantly evolved, … [Read more...]
Rising petrol prices spark more ev interest
Almost all dealers believe that there is a direct link between higher petrol prices and buyers' interest in electric cars. November’s new Startline Used Car Tracker shows that 52% say the correlation is “significant” while 47% believe there is “some” impact. Overall, 60% think consumers are attracted to electric cars by low refuelling costs, 37% say higher … [Read more...]
Another Chinese brand coming to Britain
Xpeng is the next Chinese brand coming to the UK early next year, it was announced. The G6 SUV will lead the importation of a range which will be handled by the very experienced IM Group, which have enormous experience over almost 50 years with Subaru & Isuzu and recently added GWM of China to its portfolio while handling the parts operations for … [Read more...]
UK car market is turning around
The landscape of leading car brands in Britain is looking different with the arrival of more pure electric cars. Traditional market leading brands are taking a back seat as manufacturers who were among the first to "go-electric" are making big inroads among motorists and businesses seeking to "go-green" and the Skoda Enyaq (above) topped October's … [Read more...]
Used EV demand continues rising
It is positive to see that, following the best first half-year performance since 2019, the used car market has continued to demonstrate robust growth in this quarter, despite challenging conditions, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. The used car market experienced growth of 4.3% between July and September, … [Read more...]
New car sales slide again but EVs grow
October saw another month of contraction in the new car market, a concerning trend following August's end to two years of continuous growth. This decline is particularly worrying, as it highlights the volatility of the market right now, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. UK new car buyers now have more than … [Read more...]
Dealerships in chaos after commission ruling
Car and van buyers have been blocked from collecting new models this week for 1 November as UK finance firms hold back monies due to dealers. It follows a Court of Appeal decision last week which outlawed undisclosed commission payments. Dealers were unable to allow collections or deliver cars as finance companies paused paying out on business already … [Read more...]
Newslines 28 October
Toyota Manufacturing is celebrating the five millionth car to be built at its Burnaston plant in Derbyshire since it opened in 1981. The milestone model is a Corolla GR Sport Hatchback hybrid, finished in blazing Scarlet Flare paintwork, and parked nose-to-tail, the UK-built Toyotas would form a line almost 14,000 miles long – more than half way around the … [Read more...]
Weekend roadtest: Omoda 5 SUV petrol
No-one can doubt the Chinese brand Omoda is very serious about coming to Britain and taking on the legend brands. We were impressed with a first drive of the pure electric Omoda E5 last May and now we’ve had a chance to get some initial impressions of the Omoda 5 petrol version of their new SUV. Yes, a petrol powered newcomer joins the range at a time when … [Read more...]
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