The relationship between the British public and their vehicles has changed a lot over the last few years. With the rise of working from home and hybrid work schedules, car ownership numbers all over the country and the entire UK are dropping considerably. In fact, the Society of Motor Manufacturers and Traders found that March 2022 saw new car sales suffer their weakest performance since 1998, … [Read more...]
Latest data reveals reasons motorists sell their cars.
Almost one in 10 motorists aged between 45 and 54 believe that they no longer need a car according to automotive data experts, HPI. They say this age group cited no longer needing a car as one of the main reasons for selling a vehicle and over a third (39%) of 18-24-year-old drivers sell their car because they’ve grown bored of it and want something more exciting to replace it while only 13% of … [Read more...]
Desire for car ownership is strong but weakens for AVs
Analysts at Arthur D. Little says the desire for car ownership remains strong, especially amongst the young, and that drivers are considering a dramatic switch to electric and hybrid vehicles. This will impact manufacturer and supplier engine strategies and push for faster development of EV ecosystems, such as charging solutions. Drivers are now much more willing to embrace alternative … [Read more...]