Deliveries of new cars fell by -1.9% in the UK during November with 153,610 joining the road, according to the Society of Motor Manufacturers and Traders. It is the second consecutive monthly decline, and the third decline in four months, as the market contracts amid the race to meet tough EV market share targets. Demand from private buyers, among whom uptake has waned for two years, dropped by … [Read more...]
Stellantis signal change of direction for fuel
Stellantis has backed off its rush to purely electric cars and vans. In a major u-turn for the company it this week announced that its entire range of cars and light-duty commercial vehicles is fully compatible with Hydrotreated Vegetable Oil (HVO) Diesel fuel, an eco-friendly alternative to traditional Diesel. HVO is a biofuel derived from renewable raw materials, such as used … [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 fleets. Paul Hollick, chair at the AFP, … [Read more...]
Diesels surge as private motorists snub EVs
The UK new car market rose 1.0% in the key ‘74’ plate change month of September, to 275,239 units, according to the Society of Motor Manufacturers and Traders with private buyers turning to more diesels than pure electric models.. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since 2020, but still -19.8% off pre-Covid … [Read more...]
Tradelines 14 August
The new car finance sector saw new business by value drop by 6% year on year to £1.545m, with the number of cars financed down 12% at 55,097 in June, according to the Finance and Leasing Association. The used car finance sector didn’t fare any better, with new business value down by 13% on June 2023 at £1.67m and the number of cars financed down 10% at 112,144. eBay returns as headline sponsor … [Read more...]
Tradelines 24 July
In June 2024, EU car registrations increased by 4.3%, driven by gains in three out of the region’s four major markets: Italy (+15.1%), Germany (+6.1%), and Spain (+2.2%). In contrast, France saw a decline of 4.8% last month but the registrations of BEVs accounted for 14.4% of the EU car market, down from 15.1% the previous year while hybrid-electric vehicles increased their market share, growing … [Read more...]
Sales of pure electric cars falling across Europe
The love affair with electric cars is dimming. Figures released by Europe's car makers show sales of pure electric cars went down in May and buyers were inclined towards petrol hybrid models. This is leading to a scramble among car makers to move BEVs with discounts and other incentives while also ramping up sales of hybrids to keep money flowing into their banks. Legislation to force car … [Read more...]
Newslines 7 June
INEOS Automotive has introduced a unique service called Arcane Works that creates limited editions of its award-winning Grenadier station wagon and then allows customers to further personalise the small-batch, hand-finished 4X4s with customised detailing and bespoke materials. Retaining the Grenadier’s best-in-class off-road capability with modern on-road driving refinement, each run of … [Read more...]
Businesses buying rise in UK car sales
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders. With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019. Fleets and businesses continued to fuel market growth, up 14.0% and 9.5% … [Read more...]
BEVs are trickling along
Battery EVs continued their best ever start to the year, as sales in the first 5 months of 2024 rose 10% on the same time last year, whilst the market share of BEVs in new car sales reached 17.9%. Total car sales were up just under 2.2% in May 2024 on May 2023 levels, but pure petrol and diesel sales cratered over the same period, falling from 55% to 45% market share in just 12 … [Read more...]
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