UK Automotive has entered a period of rapid and significant transformation, led by a mammoth £20bn in private sector investment this year, an amount in excess of the combined total of the previous seven years. These figures, revealed at SMMT’s Annual Dinner this week, illustrate the commitment made by both government and industry to Britain’s automotive future […]
Transport is one of the biggest greenhouse gas emitters in the UK. According to UK government research, in 2021 transport was responsible for 26% of greenhouse gas emissions in the UK, almost all through carbon dioxide emissions. Cutting emissions in the sector is vital to meeting UK targets for tackling climate change and could also […]
UK Automotive’s attention was firmly on the chancellor this week as he unveiled his much anticipated Autumn Statement with its plans for economic growth. Those plans follow last Friday’s £4.5bn announcement for advanced manufacturing, over £2bn of which goes to automotive – an unequivocal vote of confidence in the sector. That commitment comes on the […]
The latest quarterly heavy commercial vehicle registration figures added some warmth and a sense of optimism to an autumnal week, with both the goods and passenger vehicle sectors posting impressive growth. The all-important HGV sector notched up its sixth consecutive quarterly rise, while the bus and coach market posted a triple-digit increase to surpass even pre-pandemic levels. There was […]
Ahead of the government’s Autumn statement, motor dealers have outlined the support they need. Six in ten (61%) dealers say they need help with rising costs, according to Close Brothers Motor Finance’s Forecourt Foresight research. The research of more than 150 dealers found that half (54%) want to see a reduction in business rates. Whilst […]
Over seven thousand SMEs have now been helped by MotoNovo Finance’s fleet funding service, which supports dealers across the UK to provide new and used cars and LCVs to business customers. Access to this money is invaluable as the broader funding market for SMEs has become increasingly constrained. Over the last month, research has highlighted […]
New analysis of the online car market reveals the best cities to buy, sell and turn a profit on luxury car brands like Porsche, Jaguar and Mercedes-Benz. Following the study of over 25,000 online car listings in London and the UK’s 10 largest cities, a recent report from private number plate supplier Regtransfers revealed Glasgow […]
A slew of data out this week gives renewed optimism that vehicle markets are getting back on track. For the first time, new car registrations were above pre-pandemic levels with October 7.2% up. Light commercial vehicle registrations also pushed above 2019 volumes, and the used car market recorded its third successive quarter of growth with almost 1.9 million pre-loved motors changing […]
The demand for the product came from the community. The community fintech which launched its home insurance product earlier this year saw its members’ need for a fair and cost-effective option for vehicle insurance. James Sène, chairman, 11Onze, explained “We launched a survey asking which insurance products our customers would be interested in and vehicle […]
Allica Bank is offering a 50-basis point discount against its standard rates for electric vehicles to make going green more affordable Allica Bank, the challenger bank dedicated to serving Britain’s established small and medium businesses, has launched a new £10m fund to support businesses with the purchase of electric vehicles (EVs), part of a wider […]
