The UK new car market rose by 7.2% in February to 90,100 registrations, according to the latest figures published by the Society of Motor Manufacturers and Traders, but EV demand is slowing again. The growth brings the highest February volume in 22 years, although the month is conventionally lower volume and therefore more volatile, with many buyers … [Read more...]
10,000 jobs & 130 companies hit by Welsh Government axe
Welsh Government has pulled support for 10,000 people and 130 companies who are members of the Welsh Automotive Forum. The 27 year old trade cluster has published its intention to voluntarily dissolve at the end of this month when funding ceases through Industry Wales, which is also being closed down by Welsh Government. WAF was established in 1999 to … [Read more...]
Volvo recall 10,500 cars over EV fire risk
About 10,500 UK users of the Volvo EX30 Long Range model have been told not to recharge them more than 70% because of a fire risk. It is part of a global recall to avoid charging their car beyond 70% capacity until work has been carried out to replace faulty motors supplied by Geely. Globally, 40,000 of Volvo’s EVs have been subject to the recall, which … [Read more...]
Tribunal slashes public charging VAT
Motorists are likely to see a dramatic drop in costs for recharging an electric vehicle in public places as points widen. A UK court has ruled that the 5% ‘domestic’ VAT rate should apply for charging an electric vehicle on the public network, instead of the 20% currently paid by drivers. Community charge point operator, Charge my Street, had protested the … [Read more...]
Middle East conflict warning for motorists
The escalating conflict in the Middle East has put $100-per-barrel crude oil prices into sharp focus. Analysts from major institutions such as Barclays, Goldman Sachs, and JPMorgan are projecting potential spikes to $100-130 per barrel if the Hormuz Strait faces prolonged disruptions, as it handles about 20-21% of global oil supply and significant LNG … [Read more...]
New Chinese brands now spreading through used market
Almost half of used dealers (45%) say they have added cars from Chinese new entrants to their stock, according to new findings. February’s Startline Used Car Tracker shows 45% say they sell quickly, 33% they represent good value and 20% buyers like the cars on offer. However, 37% of motor retailers are waiting to see how reliable they prove to be, 20% … [Read more...]
Pass or fail could be down to timing
Experts at LeaseCar have crunched the latest DVSA figures to highlight the best and worst days to take driving tests across Great Britain. With waiting lists still stuck at a painful 22-week average according to the National Audit Office, picking the right time of day could be the difference between tearing up your L-plates and going through another six … [Read more...]
Race Retro shines in natural setting
BRSomehow Race Retro’s pleasant rural Warwickshire setting captures the true nature of all historic and club motor sport facets that the popular annual Stoneleigh gathering personifies. Porsche won its first of 19 Le Mans 24-hour victories in 1970 with a 917 driven by Hans Herrmann and British BRM F1 driver Richard Attwood, who anonymously sat next to me in … [Read more...]
Aston Martin car plant workers facing cuts
Scores of jobs are on the line in Aston Martin's St Athan plant. The luxury sports car brand today announced a 20% cut in its 3,000 strong workforce in Britain, mostly at its Gaydon HQ and St Athan plants. Aston Martin has confirmed the firm's net losses jumped 52% last year to £493.2m. It has this month announced plans to raise some capital by … [Read more...]
Arval safety video for all new EV drivers
A video designed to help first time electric company car drivers adapt to their new vehicle safely has been created by Arval UK. It highlights five key areas: adjusting to the quicker acceleration of electric cars; understanding how to use regenerative braking; considering the need for longer stopping distances; exercising additional caution due to the … [Read more...]
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