While the automotive industry has proved resilient over the past two years, the long-term effects of the pandemic continue to stifle any recovery for the sector. Despite demand for new vehicles remaining high, the global shortage of semiconductors contributed to a -14.3% decline in car registrations during the traditionally strong ‘new numberplate’ March. Indeed, this year’s March […]
UK new car registrations fell by -14.3% to 243,479 units in March, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite manufacturers reporting robust order books during the first quarter, ongoing supply chain shortages – especially of semiconductors – continued to squeeze supply during what is normally the industry’s busiest month as buyers demand the latest […]
Everrati Automotive Limited (Everrati), the leading creator of redefined electric classic & iconic cars, is now offering its customers the ability to fund a purchase through a new arrangement with specialist high-end vehicle financer, JBR Capital. Thanks to this innovative new initiative, a first within the automotive market, customers can arrange bespoke finance for an […]
Blue Motor Finance today announce that it has smashed the £2bn lending mark. Since 2014, Blue has made stunning progress and in a short period of time has become one of the best-known names in motor finance. Blue provides hire purchase motor finance to customers via its network of over 2,000 quality checked used car dealerships, […]
Bridgend-headquartered Thunder Road Motorcycles Limited has been successfully acquired by Completely Motoring Group. Thunder Road, which was advised by Lexington Corporate Finance, has been acquired by Completely Motoring Group to support its continued growth as it expands its existing footprint and strengthens its multi-franchise status. Thunder Road has bases across three sites in Bridgend, Cwmbran […]
UK commercial vehicle (CV) production grew 92.2% in the second month of 2022, with 8,278 vans, trucks, taxis, buses and coaches rolling out of British factories, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). This is compared, however, with the worst February on record last year, when supply chain shortages, new […]
UK car production fell -41.3% in February, with 61,657 units made, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 43,351 fewer cars were made than in the same month in 2021, primarily due to the persistent global shortage of semiconductors causing some factories to pause production, and […]
Premier automotive finance provider, JBR Capital, is proud to announce a new sustainability initiative that will greatly reduce the environmental impact of its clients’ cars. Leading the automotive finance sector via the establishment of a new carbon-offsetting programme, JBR Capital will offset 5,000 miles of carbon emissions for each car financed by its clients, effective […]
SMMT Electrified is back next Wednesday in our first fully in-person conference since the pandemic began some two years ago – a remarkable thought. Taking place at the QE2 Conference Centre in Westminster, the event comes at a critical juncture, with the shift to electrification in the automotive sector developing rapidly. As an industry, we are […]
An innovative Lancashire car body refurbishment company has doubled in size over the past two and a half years and is targeting further national expansion with the support of a business loan from Rosebud. DA Techs specialises in diamond cut alloy wheel refurbishment as well as body and tyre repair and had grown steadily since […]
