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...]
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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
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