Car makers have invested billions of pounds in an ever-growing range of electrified vehicles, many of which were on display at a special test drive event, hosted in a socially distanced way, at Millbrook Proving Ground last week. The first ever SMMT Drive Zero brought together plug-in and hydrogen vehicles from more than 20 car […]
The Society of Motor Manufacturers and Traders (SMMT) today called on government to commit to significant long-term incentives for electric vehicle (EV) purchase and binding targets on charging infrastructure, as a new survey suggests almost half of UK motorists don’t feel ready to make the switch by 2035. The call was made as more than […]
Today, SMMT released figures for July pre-registrations in the UK new car market. The data shows the number of cars disposed of by vehicle manufacturers in July 2020 that were defined as pre-registrations. The Supply of New Cars Order 2000 requires motor manufacturers to publish the number of pre-registered cars supplied and the gross income […]
The announcement from the Financial Conduct Authority (FCA) of an impending ban on discretionary commission (differences in charges or DiC) models within the motor finance industry has come as no surprise to most – in fact, many had already moved away from such practices, amid concerns they incentivised interest-rate overcharging to the detriment of consumers. […]
New research from vehicle leasing experts, LeasePlan UK, reveals that despite the majority (62%) of HR bosses and senior business leaders being challenged to reduce the cost of employee perks and benefits since Covid-19, half (49%) still believe that the electric vehicle (EV) salary sacrifice scheme would add extra cost to their organisation, which is […]
UK car manufacturing output fell -20.8% in July as 85,696 units rolled off production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The month saw the ramp up of production continue, as global lockdown measures eased and nearly all factories reopened, however, social distancing measures and ongoing economic […]
Calls for additional support for the HGV sector grew this week with the deeply concerning news that registrations of new HGVs fell by -73.4% in the second quarter. While it is important to be mindful of the pronounced boost the introduction of the mandatory fitment of smart tachographs had on last year’s figures, the impact […]
New bus and coach registrations fell -77.1% in the second quarter of this year, with just 328 units joining British roads, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). The decline follows an almost complete standstill of public road passenger transport as pandemic lockdown measures were implemented throughout the […]
The UK’s new heavy goods vehicle (HGV) market fell -73.4% in the second quarter of 2020, with 4,151 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). While the bulk of the decline was driven by coronavirus lockdown measures, a particularly strong Q2 in 2019 – when the […]
With full lockdown measures in place for the whole of April and May, the impact on the used car market, albeit devastating, is not surprising. According to the latest figures released by SMMT this week, the market for second-hand cars declined by almost half in the second quarter, with just over one million units changing […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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