Almost three fifths of commercial finance brokers (58%) expect demand for electric vehicles (EVs) to increase over the next three years, with almost a third (30%) believing this demand will increase ‘significantly’. According to new research1 commissioned by Cambridge & Counties Bank among brokers looking into sentiment towards EVs, the vehicles expected to see the […]
Recovering from the far reaching effects of the pandemic will be no easy feat. With the government’s roadmap out of lockdown expected next week – which should provide clarity on reopening retail, something that must happen as soon it’s safe to do so – there is more optimism about the immediate future. Longer term, the […]
New heavy goods vehicle (HGV) registrations declined by -32.2% in 2020, according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT). The decline, which led to the weakest demand since 2010, is attributed to both the pandemic impacting business confidence to invest in new assets, and a bumper 2019 when […]
With capital allowances on business cars changing, CBVC Vehicle Management has crunched the numbers and found that now is the time for business fleets to save money by leasing and take advantage of significant whole life costs savings. For executives choosing a Tesla Model 3, the leasing route could result in a business saving in […]
The Department of Transport has announced a government boost of £50m to accelerate the transition to electric vehicles. Support for small businesses, landlords and leaseholders: government charges up the electric vehicle revolution with £50m boost. The Electric Vehicle Homecharge Scheme (EVHS), which provides up to £350 towards a chargepoint will be expanded to include people […]
The UK’s used car market declined in 2020, down -14.9% according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,752,959 used car transactions took place, 1,182,146 fewer than in 2019, making 2020 the lowest performing year since 2012 as lockdown measures to tackle the coronavirus pandemic and turbulent […]
Whilst the service and repair sector has been operating throughout lockdown, retailers have remained closed for all but click and collect during the majority of January, and, off the back of a £20.4 billion loss in revenue for the sector last year, the news that new car registrations fell by -39.5% last month highlights the incredibly tough […]
The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of the year, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Registrations rose 2.0% in January with 24,029 of the latest, low emission vehicles hitting UK roads as new models and deals drove […]
Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to […]
DF Capital announces that in the last year it is has provided £70m in facilities for the MAXUS Dealer Network, operated by the Harris Maxus a member of the Harris Group of Companies, enabling the business to grow further and get its industry-leading fleet of electric vans out to a larger audience. The Harris Group […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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