Metro Bank’s ‘Scam of the Month’ for September 2023 is a warning to drivers about the influx of second-hand car scams as approximately a million drivers take possession of their new 73 licence plate cars from September. Purchase scams can take many forms; with the release of new 73 September licence plates there is an […]
Another week, another landmark announcement for the sector with the news that BMW Group will invest £600m in its British plants, securing the long-term future of the home of one of the world’s most iconic brands – MINI. It’s yet another vote of confidence in our advanced automotive manufacturing sector and underscores our capabilities in […]
As temperatures soared across the UK this week, the automotive industry enjoyed its own heatwave. The end of the summer recess saw a flurry of good news: the UK re-joining the EU’s scientific research scheme, Horizon; government funding allocations for battery and CAM supply chain development; and the opening of the UK’s biggest EV charging […]
Electric vehicles have become increasingly popular on UK roads, with charging stations being built in supermarket car parks and schemes available to add a charging port to your home. Insurance experts at A-plan Insurance have analysed data from the Driver and Vehicle Licensing Agency showing the number of privately owned cars and what fuel they […]
As summer draws to a close, news this week that UK car manufacturing notched up a sixth month of growth in July, and CV output a fourth, should help prolong the warmth. For CV production in particular, the year is turning into a real success story with soaring exports and a steady, stable domestic market driving volumes above pre-pandemic […]
The first of September is nearly upon us and with it comes the new 73 number plate. Whilst the date also marks the notional end of what has been a damp summer, the brighter story is the recovery of the new car market, with July completing 12 months of consecutive growth. We expect this trend to continue, […]
The recent news that in Q2, sales of used battery electric vehicles (BEVs) grew by 81.8% should not mask the reality that used BEVs accounted for just 1.7% of the market and that supply has been exceeding demand. This, in turn, has led to falling used EV values for much of the year. According to […]
The HGV and bus and coach markets were sources of optimism this week, with both demonstrating dynamic growth and, for trucks, a welcome return to pre-pandemic levels of demand in the year’s first half. New truck registrations were just shy of 500 days of growth as the market cements its recovery, while the number of new buses in […]
The cost-of-living crisis is the biggest challenge for 7 in 10 car dealers, according to the latest Forecourt Foresight research from Close Brothers Motor Finance. The survey, which looked at dealer’s views of the current landscape and the challenges they’re facing, found that more than half of dealers (54%) believe stock availability will be a […]
This week’s good news was brought to us by the used car sector, recovering well and delivering growth every month this year. The latest quarterly figures reveal that transactions topped 1.8 million during the year’s second quarter, growth driven by the continued easing of supply chain disruptions that have helped recharge the new car sector. […]
