Britain’s new car market grew 11.7% in July with 156,571 units registered, according to the Society of Motor Manufacturers and Traders. Although compared with a relatively weak July last year, the performance marks an eighth consecutive month of growth as the market continues its longer-term recovery towards pre-Covid levels. Registrations in Wales rose … [Read more...]
EVs leading company choices, say Leasing Options
Business lease customers are increasingly turning to newer vehicle manufacturers, with the latest data from Leasing Options revealing that electric and hybrid-focused brands are making significant progress in the company car market. Furthermore, only three European brands are in their top ten list. The CHANGAN DEEPAL S07 accounted for 6.15% of all business … [Read more...]
Tesla sweep to top in strong June registrations
The UK new car market’s recovery continued in June, with registrations rising 11.4% to reach 213,166 units in the best performance for the month since 2019, according to the Society of Motor Manufacturers and Traders, but which warned of problems ahead for the sector. Growth was recorded across all sectors, with registrations by private buyers up 12.5%, … [Read more...]
Newslines 15 June
Chery will build cars alongside Nissan models in the Japanese company's 40 year old Sunderland plant from 2027. It is a move by the Chinese company to circumvent new rules on content to reduce exposure to higher costs being imposed by the EU and gives Nissan new business and therefore profits for the plant which began Bluebird production in 1986. Almost … [Read more...]
Used Tesla models dragging down EV prices
Eight out of 10 dealers (83%) say Tesla Model 3s dipping under £10,000 for the first time is a key moment in the used electric car sector, research shows. June’s Startline Used Car Tracker shows 38% say this price point is an important psychological barrier for those potentially buying their first electric car. Also, 31% say consumers view the Model 3 as a … [Read more...]
May registrations hit seven year high
The UK’s new car market delivered its strongest May performance since before the pandemic, with registrations rising 7.1% to 160,662 units, reported the Society of Motor Manufacturers and Traders. The performance was the best recorded for the month since 2019, although still -12.6% behind pre-pandemic levels. Registrations in Wales last month rose 6.95% to … [Read more...]
Dealers spill the beans on car brands
Lexus is the best brand to represent, say dealers. It has won the annual winter survey of the motor trade by members of the National Franchised Dealers Association. Lexus beat Mercedes-Benz (9.2) and Kia (9.1), and securing 1st place in the survey with 9.3 points. The lowest overall manufacturer rating is Seat, scoring 3.4 out of 10 and declining … [Read more...]
EVs biggest targets for mileage clocking
New analysis from vehicle history platform carVertical shows electric models are now the most commonly clocked cars in the UK, with 3% of those checked showing evidence of mileage tampering. That puts EVs ahead of diesel cars (2.8%), petrol cars (2.5%) and hybrids (2%) and comes at a time when many households are looking for ways to cut motoring costs by … [Read more...]
UK suppliers wanted for British car makers
The UK automotive industry could unlock a £4.6 billion boost to domestic manufacturing by the end of the decade, as car makers ramp up requirements for British-built components amid the transition to electric vehicles, according to new analysis published today by the Society of Motor Manufacturers and Traders. It shows demand for UK sourced automotive parts … [Read more...]
Government EV promise will short-circuit, says analyst
A new analysis shows that the government's promise to deliver 300,000 EV chargepoints by 2030 will fall short by nearly 130,000 based on last year's growth rate. It raises concerns over whether the UK's charging failures are one of the factors driving manufacturers away from the market. Honda has scrapped three forthcoming electric models, absorbing a £12 … [Read more...]
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