Car makers, component suppliers and the recycling industry across Europe have criticised proposed new legislation on dismantling. A planned EU law would require the complete recycling of vehicles down to the smallest component, such as a circuit board, but the opponents say this is unrealistic, impractical and would generate more carbon emissions than would be saved by ethically disposing of the … [Read more...]
Car sales boom on eve of Budget
February’s figures reinforce the robust performance of the UK automotive sector, maintaining a strong start to 2024 and signalling a nineteenth month of consecutive growth, said Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new passenger car registration figures. In February, a total of 84,886 new cars were registered, an increase of … [Read more...]
Newslines 20 February
A feasibility study will be carried out into reopening a railway station at St Athan, Vale of Glamorgan. It would serve the expanding industrial businesses at the former airbase and housing developments but its only a short distance between Rhoose and Llantwit Major halts. Volvo Cars is streamlining and standardising its model names for fully electric cars, in line with ongoing transformation … [Read more...]
Newslines 9 February
Car dealers face becoming the focus of a new customers financial scandal similar to PPI claims of the last two decades. The Financial Conduct Authority is investigating cases of finance houses not paying out compensation to customers over now-banned ‘discretionary commission arrangements’ and the watchdog is using its powers under S166 of the Financial Services and Markets Act 2000 to identify … [Read more...]
The best 4×4 by scrap
Land Rover is the most valuable brand for scrap overall, with the average price quoted for these vehicles sitting at 28.8% higher than the average. The quoted price is directly linked to the weight of the vehicle and with all Land Rover vehicles being large SUVs and 4×4 vehicles, they’re definitely one of the weightier brands when all models in their range are considered. The data is part of … [Read more...]
EV sales are trickling ahead of last year
Five of the largest EV manufacturers in UK market increased their sales last month compared to 12 months ago, according to the latest data from New AutoMotive’s Electric Car Count. The monthly report is the most up-to-date and comprehensive electric vehicle sales data in the UK, and reveals that 15 out of 20 manufacturers are selling more EVs than they did a year ago. Despite Toyota’s CEO … [Read more...]
Insurance premiums escalating to average £950
Motorists are facing a substantial 52% increase in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium stands at £950 at the end of December 2023 after rising by £326 over the previous 12 months. The significant rise in the cost of car insurance may in part be due to a rise in the cost of claims for insurers. High inflation rates … [Read more...]
Car makers want more EV incentives for private buyers
The UK new car market has recorded its best year since the pandemic as a strong December up 9.8%, wrapped up the 17th month of consecutive growth. Some 1.903 million new cars reached the road during 2023 – an increase of 17.9%, according to the latest figures from the Society of Motor Manufacturers and Traders. In Wales last year, registrations reached 66,761, a rise of nearly 16% over 2022 and … [Read more...]
Newslines 18 December
Quakers Yard railway station will reopen to passengers today following infrastructure upgrade works. As part of the South Wales Metro project, the station has been upgraded from a single platform to double, installed a new step and ramped footbridge and installed additional railway track which will double the services in and ot of the Capital, said Transport for Wales. There is just a month … [Read more...]
Fleet discounts driving slight rise in new car registrations
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the Society of Motor Manufacturers and Traders. The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8% to reach 87,479 units. Private demand was stable at 62,915 … [Read more...]