Leading UK fintech, Marshmallow, today announced an exclusive partnership with Evolution Funding to bring motor finance access to newcomers and migrants in the UK. The partnership marks the first key strategic development outside of motor insurance since its $90m fundraise in April 2025, aimed at enabling the business to expand its product suite and offering. […]
A hallmark of UK Automotive is its resilience as a highly diverse and globally competitive manufacturing base. However, it is not immune to shocks and the recent cyber incident at the UK’s biggest vehicle manufacturer is a huge challenge for the company and the supply chain. It is evident that JLR is taking every possible […]
Five years since the UK-EU TCA was signed, the UK automotive sector stands at a pivotal juncture. While Brexit has fundamentally reshaped the trading landscape, subsequent headwinds – geopolitical uncertainty, rising protectionism, tariff barriers and intensified competition in the push to decarbonise – pile further pressure on our global competitiveness. SMMT’s latest Trade Report, published this […]
The end of Summer typically brings a quieter period for the UK’s new car and LCV markets as buyers anticipate the September plate change. Given the tough economic and consumer environment that has impacted markets this year, August’s slight -2.0% decline in new car registrations – and a -13.3% fall in new LCV demand – […]
The latest SMMT data published yesterday shows UK car output rose for a second month in July, welcome news for a sector facing extraordinarily complex challenges. Manufacturers continue to navigate weak consumer confidence, suppressed markets and volatile trade conditions, all while investing billions in new technologies and plant upgrades, so last month’s growth is testament to their […]
The DVLA’s newly announced policy means classic vehicles are less likely to have their provenance cast into doubt by major restorations or Electric Vehicle (EV) conversions. Expert motoring barrister, Richard Clegg said: “The DVLA’s new policy supports the UK’s historic vehicle community and businesses, which the HCVA estimates brings in a yearly revenue of £4bn […]
Heavy goods vehicles are crucial to keeping goods and business on the move, and a thriving market for the latest models is essential for reducing emissions. Yet the latest registrations data published by SMMT today shows Q2 marked a fourth quarter of decline in the new HGV market. Although this is unsurprising as the market […]
The latest SMMT data out this week tells a story of two halves. On the one hand it shows a used car market surging ahead, with four million first-half transactions marking a welcome return to pre-pandemic levels. Significantly, one in 10 of those cars were electrified, with zero emission vehicles reaching a record 3.4% share – clear […]
New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in June 2025 by 5% compared with the same month in 2024. The corresponding value of new business grew by 9% over the same period. In the first half of 2025 (H1), new business volumes […]
John Cassidy, director of sales at Close Brothers Motor Finance, commented: “Despite a slight dip in new registrations, there’s cause for optimism in the new car market. Electric vehicles (EVs) are increasingly grabbing a larger share as private demand finally begins to rise. And the return of grants for new EVs should tempt even more […]
