Insurers have agreed to be clearer and have fairer pricing of monthly premiums as policyholders struggle with the cost of living. The Association of British Insurers say the Government could also help by reducing insurance premium tax. The average cost of petrol is now over £1.50 a litre for the first time since November, says RAC Fuel Watch. In motorway … [Read more...]
Welsh car registrations soar in Spring drive
Nearly 11,000 new 24-plate cars were registered in Wales last month. That's more than the combined sales for January and February months through dealerships, according to SMMT data. They were nearly 9% up on March 2023, and the same in the first quarter of the sales' year. Nationally, sales were up 10% across the country with 317,443 registrations and … [Read more...]
Plate change boosted by fleet registrations
The 24-plate change boosted new-car registrations in March, according to SMMT figures. But private buyers have put the brakes on pure electric purchases and the car makers want Government incentives to be increased to meet emissions targets.. March signals a twentieth month of consecutive growth for the automotive sector, a remarkable milestone for the … [Read more...]
Tradelines 3 April
UK car production rose again in February, up 14.6% to 79,907 units, according to the Society of Motor Manufacturers and Traders. It was the sixth consecutive month of growth and best February performance since 2021,with nearly all volume manufacturers posting uplifts, driven by output for the domestic market which grew 58.0% to 20,658 units, an increase of … [Read more...]
Car sales boom on eve of Budget
February’s figures reinforce the robust performance of the UK automotive sector, maintaining a strong start to 2024 and signalling a nineteenth month of consecutive growth, said Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new passenger car registration figures. In February, a total of 84,886 … [Read more...]
Car makers Budget plan to overcome stalling EV sales
The automotive industry is calling for the Chancellor to use this week's Budget to put the UK’s shift to electric vehicles back in the fast lane. Research commissioned by the Society of Motor Manufacturers and Traders from Savanta has revealed that rising numbers of would-be EV drivers are now likely to delay their switch to a battery electric car – but a … [Read more...]
Newslines 9 February
Car dealers face becoming the focus of a new customers financial scandal similar to PPI claims of the last two decades. The Financial Conduct Authority is investigating cases of finance houses not paying out compensation to customers over now-banned ‘discretionary commission arrangements’ and the watchdog is using its powers under S166 of the Financial … [Read more...]
Government EV strategy needs rapid recharge warn Lords
The Government must do more to get people to adopt EVs, says a Lords Committee. "If it fails to heed our recommendations the UK won’t reap the significant benefits of better air quality and will lag in the slow lane for tackling climate change,” said Baroness Kate Parminter, Chair of the inquiry (below). The inquiry was launched in August 2023 to … [Read more...]
EV regs hit a million but petrol sales climbing too
Discounted business registrations meant Britain’s millionth battery electric car reached the road in January 2024, while the new car market grew 8.2% for the month, according to the Society of Motor Manufacturers and Traders. The first month of the year saw 142,876 new cars registered led by the Kia Sportage (above), which repeated its success of January … [Read more...]
UK Auto surges over a million models made
UK vehicle production hit 1,025,474 units in 2023, according to the Society of Motor Manufacturers and Traders. With 905,117 cars and 120,357 commercial vehicles (CVs) produced, output was up 17.0% on the previous year with the easing of pandemic-related challenges from chip shortages to lockdowns and increasing electrified model production, combined to … [Read more...]
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