The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve seen a trend develop during the last … [Read more...]
Budget shock for PHEV & DC business drivers
Budget plans could prompt widespread rewriting of company car choice lists to tackle new issues around plug-in hybrids and double cab pick-ups, says the Association of Fleet Professionals. The industry body points out that moves made by the chancellor mean that the viability of both types of vehicles will now be placed under serious questioning by many fleets. Paul Hollick, chair at the AFP, … [Read more...]
Wales trails by a long way in EV charging
Manchester topped the electric vehicle home charger installation charts during 2023 according to data from home EV charge point installers Smart Home Charge. The West Midlands was a close second with South West London in third place, whilst Northern Ireland had the lowest percentage of home EV chargers installed – just 0.11% of the overall total and in South Wales, just 1.69% of motorists have … [Read more...]
New Kia Sorento arrives with more kit at lower prices
Kia has cut prices of the refreshed Sorento series and raised specifications. The new seven-seat Sorento starts from £41,995, £3,030 less than the current entry-level Sorento. With the updated model, Kia will offer three grades to Sorento buyers in the UK: ‘2’, ‘3’ and ‘4’. Each variant will be available with the choice of a 2.2-litre diesel, 1.6-litre turbocharged-petrol hybrid (HEV), or a … [Read more...]
Reselling rates for EVs close to petrol and diesel models
Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an average of 12.5 days compared to around 7-8 … [Read more...]
Tradelines 10 January
KGM Motors UK says all 80 dealerships will showcase the brand’s new corporate identity by mid-2024. KGM Motors UK confirmed its name change from SsangYong Motors UK to KGM Motors on 19 December supporting KGM Global with its brand purpose and future strategy following its own transition from SsangYong Motor Company. Honda today unveiled the “Honda 0 Series,” a new EV series it will launch … [Read more...]
Car makers want more EV incentives for private buyers
The UK new car market has recorded its best year since the pandemic as a strong December up 9.8%, wrapped up the 17th month of consecutive growth. Some 1.903 million new cars reached the road during 2023 – an increase of 17.9%, according to the latest figures from the Society of Motor Manufacturers and Traders. In Wales last year, registrations reached 66,761, a rise of nearly 16% over 2022 and … [Read more...]
EV deadline move will bolster buyers ICEs
More than four out of 10 dealers think used car buyers will stick with petrol and diesel cars for longer following the government’s decision to delay the new car electrifcation deadline to 2035. Startline’s November Used Car Tracker also shows that 29% believe the move will mean the used electric vehicle (EV) market will take longer to develop while 19% forecast that consumer demand for EVs will … [Read more...]
First drive: BYD Dolphin Design
If you have used a Nokia 3310 mobile phone, Apple i-pad or ridden on a new Transport for London electric bus, then you have already experiened BYD technology. The Chinese battery technology business which has powered these landmark products has a global footprint powering many familiar items and is about to become a major player in the electric car market. The biggest company you've probably … [Read more...]
Best & worst places to buy used cars in UK
The most affordable major UK cities to buy a car between 1 and 5 years old have been revealed, with buyers potentially able to save thousands – if they’re willing to travel. According to data published by CarGurus – a leading online automotive marketplace to shop, buy, and sell used vehicles – the national average price of a 2018-2022 model year used car in Britain is £23,516, however, this can … [Read more...]
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