Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders warns in a new blueprint. The call comes as other countries significantly power up political and economic backing for their own automotive … [Read more...]
Used cars bounce back led by hybrids
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the Society of Motor Manufacturers and Traders. It reported 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth, the 2021 performance was still -5.5% … [Read more...]
