As a global player and Britain’s largest exporter by value, UK Automotive thrives from strong trading relationships, reliable supply chains and open trade routes – a fact made stark by recent global events, from the pandemic to the war in Ukraine and the current situation in the Red Sea. Auto businesses are, of course, adapting […]
The average quoted price of car insurance rose by 67.2% in the year to November – the highest annual increase on record, the latest Consumer Intelligence Car Insurance Price Index ¹ shows. This beats the 61% rise in the year to August 2023 and the 34% increase in the year to May 2023 which were […]
Last year’s £20bn investment in UK Automotive’s net zero transition, from Cowley and Coventry to Ellesmere Port and Sunderland, helped reset the narrative for global automotive investment in Britain – and our collective mission in 2024 is to ensure these commitments generate just returns. With markets around the world moving away from internal combustion engines […]
A happy start to the New Year was delivered by the latest annual vehicle registration figures, out today, which reveal that the new car market in 2023 had its best year since the pandemic. December’s strong performance wrapped up 17 months of consecutive growth – growth which saw some 1.903 million passenger cars reach Britain’s roads last […]
According to Daniel Forsberg, marketing manager for EVSE at global vehicle charging brand CTEK2024 will be an exciting year of change for the UK’s growing numbers of Electric Vehicle (EV) drivers, with huge numbers of new public charge points installed and more charge points working more of the time. EV drivers will no longer hope that […]
Complaints to the Financial Ombudsman Service (FoS) about motor finance more than doubled in the three months to September. The increase was primarily driven by professional representatives, sometimes known as claims management companies. However, the upheld cases emanating from such organisations were particularly low. Across all areas of complaints, FoS has reported that more than […]
As the season’s festivities get underway, some outstanding issues remain before the automotive industry can call time on 2023. Last week we took a collective breath as the European Commission proposed to extend the current EU-UK trade rules governing EVs and batteries to 2027. We must hold that breath just a while longer as the […]
The cost-of-living crisis is going to be the biggest challenge for dealers to navigate in 2024, according to Close Brothers Motor Finance’s Forecourt Foresight research. The research, which surveys 200 motor dealers across the UK, found that cost-of-living crisis is becoming an increasingly prevalent challenge for dealers as it continues to weigh heavily on customer […]
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in October 2023 by 11% compared with the same month in 2022. In the ten months to October 2023, new business was 14% higher than in the same period in 2022. The […]
After a lengthy period of campaigning for a solution to the challenge of tougher UK-EU rules of origin on EVs, this week delivered a breakthrough as the European Commission responded with a proposal that would edge our respective automotive industries back from the brink. Its 11th-hour plan to extend the current rules for electric vehicles […]
