Business lease customers are increasingly turning to newer vehicle manufacturers, with the latest data from Leasing Options revealing that electric and hybrid-focused brands are making significant progress in the company car market. Furthermore, only three European brands are in their top ten list. The CHANGAN DEEPAL S07 accounted for 6.15% of all business … [Read more...]
Renewable petrol project goes live
Toyota Motor Europe (TME), in collaboration with BMW Group, Bosch and Repsol, have launched a pioneering six-month pilot project in Spain to study the real-world potential of Vehicles running Exclusively on Eligible Fuels (VEEF). The initiative will deploy a fleet of around 20 Toyota and BMW vehicles, powered by Repsol’s 100 per cent renewable gasoline … [Read more...]
Automatic cars are changing driving skills’ set
The rise of automatic-only driving lessons reflects a wider shift in how we think about cars, with convenience increasingly taking priority over traditional driving. Vehicle Data Global has warned that the manual gearbox could be heading towards extinction, predicting that manual cars may become obsolete on UK roads by 2030. However, founder of GAP … [Read more...]
Volatile fuel prices warning
Fuel prices are rising again, and could further escalate as military action resumes in the Hormuz Strait. RAC head of policy Simon Williams said, "Pump prices have started rising again on the back of last week's increase in the cost of oil, meaning the savings drivers have been benefitting from recently could start to disappear. "The average price of … [Read more...]
Value retention improving for some EVs
Chinese EVs are holding their value well against comparable mainstream models, suggesting consumer trust and confidence in newer brands is continuing to grow. New research by car leasing and contract hire specialist, LeaseCar, analysed a selection of popular Chinese EVs alongside similar mainstream models and found that across the vehicles analysed, Chinese … [Read more...]
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...]
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...]
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...]
UK automotive improves but change is needed
UK vehicle production rose 2.7% in May to 51,178 units, according to the Society of Motor Manufacturers and Traders. Car output grew 3.2% to 49,249 units, reversing four months of decline, while commercial vehicle (CV) volumes fell -7.6% to 1,929 units. The stronger overall performance was driven by overseas orders, which recovered following a -30.3% … [Read more...]
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