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...]
Suzuki announce pure battery Vitara
Suzuki Motor Corporation has unveiled its first mass-production pure battery electric Vitara, in Milan. Production will commence at Suzuki Motor Gujarat in India in spring 2025,with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025. The newcomer is expected in UK showrooms next Autumn to sell alongside the … [Read more...]
Classic cars exempt from Capital Gains Tax
In light of the recent Autumn 2024 Budget, Car & Classic announces that classic cars are exempt from the increase in Capital Gains Tax (CGT), a change that could make them an attractive, tax-efficient investment. With CGT rising from 10% to 18% for the lower rate and from 18% to 24% for the higher rate, this exemption offers an advantage for those … [Read more...]
Bearman to open Autosport International
MoneyGram Haas F1 Team’s Oliver Bearman will kick-off the most exciting year of his career by opening the Autosport International Show, Europe’s biggest dedicated motorsport exhibition, at the NEC in Birmingham in January. Nineteen year old Bearman, who will embark on his first full season in Formula 1 next year with MoneyGram Haas F1, will cut the ribbon … [Read more...]
Prodrive awarded Diamond Jubilee Trophy
An incredible line-up of motorsport heroes gathered in London as the Royal Automobile Club presented Prodrive with its Diamond Jubilee Trophy last Thursday. The celebratory atmosphere at the Pall Mall Clubhouse reflected the great esteem in which the British company is held, as everyone reminisced into the early hours about 40 years of Prodrive success in … [Read more...]
Selling your EVs power to make money
Using electric vehicles to store energy and feed back into the grid could soon save the UK’s consumer hundreds of pounds a year, a new T&E study finds. EVs equipped with bidirectional charging can act as ‘batteries on wheels’ that draw down electricity at times of oversupply and give back when demand is higher. But their potential is unlikely to be … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
Budget shock for PHEV & DC business drivers
Budget plans could prompt widespread rewriting of company car choice lists to tackle new issues around plug-in hybrids and double cab pick-ups, says the Association of Fleet Professionals. The industry body points out that moves made by the chancellor mean that the viability of both types of vehicles will now be placed under serious questioning by many … [Read more...]
Government sets real challenges for motor businesses, says VRA
The hugely increased burden that the Budget places on remarketing businesses means that Labour’s growth strategy must succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said that moves such as the increase in Employers' National Insurance and high minimum wage would have an impact on costs for almost every business involved in the … [Read more...]
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