Fiduciam is extending its relationship with car manufacturer TVR through a further three-year £2m loan, under the Coronavirus Business Interruption Loan Scheme (CBILS). Fiduciam has been a financial backer of TVR’s project to launch a new car since 2016. In March 2016 Fiduciam granted a £6 million credit facility to TVR to allow it to […]
The big news this week is the inauguration of a new president in the US, with Joe Biden replacing the outgoing President Trump. Now that the UK has agreed and ratified the TCA with the EU, we need to forge new trading relationships with other important partners and the US is a crucial market for […]
The vast majority of SME business owners (94%) believe UK businesses that use vehicles and wheeled assets have a responsibility to change them to electric vehicles (EVs) as soon as possible, with almost half (46%) believing this should be a priority. According to new research1 commissioned by Cambridge & Counties Bank looking into sentiment towards […]
The UK new car market fell by almost a third (-29.4%) in 2020, with annual registrations dropping to 1,631,064 units, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). A -10.9% decline in December wrapped up a turbulent 12 months, which saw demand fall by 680,076 units to the lowest […]
UK new light commercial vehicle (LCV) registrations ended 2020 down -20.0%, with the van market rounding off the year in decline following three months of growth, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 292,657 vehicles were registered in 2020, as the impact of Covid and uncertainty […]
DF Capital today announced that it has helped Ducati Manchester group acquire the Ducati and Triumph stores in Glasgow, enabling the owner to continue his dream. Founded in 2001, Ducati Manchester was the UK’s first Ducati store. Over the last twenty years it has gone from strength to strength, opening showroom locations in Preston, Stoke […]
The vehicle leasing industry is braced for yet more challenges as the most turbulent year imaginable comes to an end. The BVRLA’s latest Leasing Outlook report highlights a sector that remains agile but is also seeking clarity around the impact of EU-Exit, the coronavirus pandemic and the transition to zero-emission motoring. The report categorises this […]
The UK new car market again saw a decline last month as registrations in November fell -27.4% year-on-year, or 42,840 units, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). In a month when showrooms across England had to close due to new lockdown restrictions, the industry recorded […]
The proportion of new passenger cars sold with diesel engines has shrunk to 27.2% in Germany. As recently as 2011, more than half of all vehicles were diesels, according to a new infographic from Kryptoszene.de. In the same period, the prices for new passenger cars has risen considerably. As the infographics show, there are significant […]
Currently, 95% of vehicle buyers use digital platforms as their source of information before making a purchase and yet, many brokers have ineffective, run-of-the-mill websites that fail to captivate their consumers. Recognising the importance of a strong online presence, Quotevine have partnered with myDVS to ensure brokers will have access to their own unique, industry […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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