Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a hugely damaging impact on people’s lives, and … [Read more...]
Car production & sales stagnate on shortages
Car sales in Wales crashed over 26% last month, the worst of any part in the UK. Just 2,363 new models were registered and that's even below the 3,230 recorded in the pandemic hit showrooms of last year and the total for the country was a little over 68,000. It was a very dismal August for the motor trade across the country, the lowest figures recorded since 2013 and the overflow from … [Read more...]
Wales’s car sales sky-rocket after lockdown
Car sales in Wales last month rocketed over 6,750%, the biggest jump in mainland Britain, said the Society of Motor Manufacturers and Traders. Only Northern Ireland exceeded this leap in 12 months when showrooms recorded 13,629% rise. Scotland saw a 5,686 jump but English dealers trailed with just under 3,000%. Last month, total UK new registrations reached 141,109 cars compared to 4,205 some 12 … [Read more...]
Electric car sales surge, but Wales sees big loss
Electric car sales are charging ahead on British roads. Figures from the Society of Motor Manufacturers and Traders show ev registrations hit a record and hybrid sales last month were higher than September 2020, the previous best for the dual fuel vehicles. It's also the first month that the Tesla Model 3 EV, pictured above, has been officially recognised in the figures after Tesla withdrew … [Read more...]
August registrations soar in face of new cars ban
New car registrations in Britain soared last month on the eve of an EU change in law which would ban models not meeting the tougher WLTP emissions test. Thousands of models across Europe were heavily discounted by dealers backed by car makers anxious to clear unsold stock of the NEDC tested models. This push and the fact some car makers are struggling to build cars which fully meet the WLTP … [Read more...]