With the arrival of the new ‘74’ vehicle registration just around the corner, a Censuswide poll of 1,000 UK drivers commissioned by The Motor Ombudsman has revealed generational differences in consumer ‘Car Confidence’ when it comes to buying and owning a vehicle. The latest findings have also been used to create a new series of Motor Ombudsman ‘barometers’ … [Read more...]
Price & range remain barriers to EV choice
In today's car market, drivers have a lot of choice when it comes to engine types, each with its own pros and cons. But with fuel prices on the rise, electric and hybrid vehicles are becoming more popular than ever and a study by CarMats.co.uk shows over 1 in 6 (17%) of Brits will choose an electric car when they next upgrade because it’s cheaper to run. A … [Read more...]
Used car market booms & trouble for traders
According to the latest market analysis by Auto Trader based on the current trajectory, the used car market is expected to perform well in the latter half of the year with sales predicted to rise 5% year-on-year (YoY) to circa 7.6m transactions. However, due to unprecedented shifts in supply dynamics, retailers will need to adapt to a rapidly changing parc … [Read more...]
Car makers facing penalties as EV sales fall
Private buyers are turning their backs on new pure electric cars but hybrids are selling well and there's industry concern that the Labour Government's "green" targets will be missed and manufacturers will pay big penalties. July signals a twenty-fourth month of consecutive growth for the new car market, reaching an impressive milestone of two full years … [Read more...]
Tradelines 26 June
Van maker Stellantis is considering its options at Ellesmere Port and Luton, it has told an SMMT automotive conference. It's is very concerned about UK Government zero emissions plan and increasing tighter limits on percentages of evs made. Oil and gas companies, carmakers and textile manufacturers make up the biggest recipients of European green funds … [Read more...]
Women more likely to give up a car, says Carwow
Over one in ten (11%) Brits have sold their car due to financial necessity, according to Carwow, the online car-changing marketplace. Of these, 58% were female, and 42% were men, suggesting that women are more likely to give up their car due to financial pressures. Selling a car because of financial pressures is more common among those aged between 40 and … [Read more...]
Tradelines 12 June
Residual values of used cars with manual transmission are in decline, with some models worth as much as 21% less than their automatic equivalents and fewer manual cars for sale in 2024 than ever before, reports Car Dealer magazine. Among the manufacturers that no longer offer any new models with manual transmission are Volvo, Mercedes, Jaguar and Lexus, all … [Read more...]
Kia line-up offers something for every taste
It is no surprise to me that Kia is doing well in the U.K. market; to start with the firm offers a very wide range of models that currently encompass petrol power, hybrid propulsion and fully electric vehicles. Added to this wide range of buyer choice there is Kia’s market-leading seven year warranty, a proven record for reliability in service, also the … [Read more...]
New government must power up EV affordability
Half of motorists (50%) say the government should do more to make electric cars affordable, according to new research. June’s new Startline Used Car Tracker also finds that 35% believe action should be taken to make electric cars easier to buy, 34% that more money should go into making chargers more widely available, and 26% that power from chargers should … [Read more...]
Businesses buying rise in UK car sales
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders. With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019. Fleets and businesses continued to … [Read more...]
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