U.K. buyers in the market for a new convertible car have the fewest models to choose from in almost 20 years. The latest annual Convertibles Report by CarGurus - a leading automotive marketplace in the U.K. to shop, buy, and sell used vehicles - found consumers have the choice of just 22 new convertible models from the U.K.'s 30 most popular manufacturersi. … [Read more...]
Younger drivers turning towards subscription services
New data from Wagonex revealed that younger drivers are most likely to acquire a car on subscription. Drivers aged 26-35 are six times more likely to get a car on subscription than those aged 56-65, and eleven times more likely than those aged 65+. With the latest sector statistics revealing that the UK’s car subscription market is the biggest in Europe … [Read more...]
Newslines 26 July
With the Olympics starting in Paris today, UK visitors to France are set for record levels - but motorists are being warned they are 20 times more likely to be breathalysed than in the UK. French police randomly test over 100 drivers per 1000 population, compared to just 5 per 1000 in Britain and the drink drive limit is 50mg, lower than the 80mg in England … [Read more...]
The chips are down in tech-trade war
New research out this week reveals why German firms are refusing to join the United States’ tech trade war with China over semiconductor chips, a key component in modern electrical devices. University of Sussex and Kings College London researchers found heavy links between German car makers like Mercedes-Benz, BMW and Volkswagen, and the country’s … [Read more...]
New car registrations pushed over a million
The UK new car market has hit the million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1% to reach 179,263 units, according to the Society of Motor Manufacturers and Traders. As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0% on the previous year but still down -20.7% on … [Read more...]
British breakthrough in EV battery design
Nyobolt is taking its high-power density, fast-charging battery technology from the lab into the real world by revealing the first running Nyobolt EV prototype. Designed and engineered with CALLUM, the Nyobolt EV will be used to both validate the company’s battery performance in a high-performance environment, as well as allow car makers to witness an … [Read more...]
EU car makers holding breath over China duties
Car makers are closely watching developments after the EC decided to impose provisional duties on imports of electric cars manufactured in China, based on initial findings of an anti-subsidy investigation initiated last year. ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive … [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% … [Read more...]
Tradelines 6 March
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 … [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 … [Read more...]
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