UK light commercial vehicle (LCV) registrations declined -6.0% to 16,165 units in February compared with the same month last year, when pent-up demand saw the market grow 22.0%, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The second month of the year is also historically volatile due to […]
On 28 February 2022, at Mobile World Congress 2022 (MWC 2022), VinFast announced the signing of a Memorandum of Understanding with LeasePlan, one of the world’s leading car-as-a-service companies. Through this anticipated collaboration, VinFast will continue to establish its positioning in Europe ahead of launches in the Dutch, German and French markets. According to the […]
Increases in inflation, interest rates and higher cost of raw material and staffing have knocked the early optimism for a swift bounce back in the automotive industry and fleets and auto retailers need to prepare for tougher times warns Birmingham-based national vehicle movement and inspection firm DMN Logistics. The year started with confidence of a […]
In another torrid start to the year for automotive production in the UK, we witnessed the weakest performing January since the global financial crisis in 2009. Production of cars fell by -20.1% and engine output by -15.9%, with only commercial vehicle manufacturing recording growth – although on the back of an exceptionally tough 2020. While […]
Surrey-based coach company Wattsway Travel has added its first electric coach to its fleet after securing a six-figure funding package from Paragon Bank, via broker, Stoke Park Finance Limited. The company has acquired a 53-seat Yutong TCe12 all electric coach, which offers a range in excess of 200 miles at a full charge. The vehicle […]
Astra Vehicle Technologies, based in Ellesmere Port, Cheshire specialises in commercial vehicle chassis conversion and modification services, along with the design and supply of specialist exhaust systems and emission control products. Founded in 2005, the business offers a ‘one-stop-shop’ for commercial vehicle customisation. With growing demand to reduce commercial vehicle emissions, Astra Vehicle Technologies has […]
The UK new bus and coach market declined by -16.8% in 2021, with registrations falling to just 3,467 vehicles, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Quarter four, down -31.6% to just 883 registrations, rounded off the worst year since records began as ridership levels failed to recover to […]
There was some good news for the industry this week with the used car market returning to growth in 2021. Transactions rose 11.5% on 2020 to more than 7.5 million, though activity was still below where we were pre-pandemic and performance throughout the year was volatile. Whilst the second quarter was the best Q2 on […]
Zenobē Energy, the leading EV fleet and battery storage specialist, has established a multi-source debt structure of £241m to radically accelerate the expansion of the EV fleet sector. The first of its kind funding platform, advised and structured by NatWest, draws on the support of several financial institutions, and will enable Zenobē to initially service […]
The UK’s used car market grew by 11.5% to 7,530,956 transactions in 2021, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). 777,997 more cars changed hands than in 2020, a year which was even more badly affected by Covid lockdowns and unsettled consumer and business confidence. Despite this growth, […]
