Verex Group, the market leader in dedicated connected car services, is working with multiple UK vehicle manufacturers to change how their customers will buy new and used vehicles in 2021 by facilitating a portfolio of additional services using connected data. These new value-added services will be offered to many customers this year and include an […]
UK engine manufacturing output declines -29.3% in January with just 168,291 units built. Production for domestic and overseas markets falls -27.2% and -30.8% respectively. 13th consecutive month of decline as automotive sector looks towards March budget for support. Mike Hawes, SMMT chief executive, said, “It has been an extremely challenging start to the year for UK […]
UK car production fell -27.3% in January to 86,052 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT). With a fall of 32,262, this was the worst January performance since 2009, and a 17th consecutive month of decline. Multiple factors, including the ongoing effects of the pandemic, global supply […]
One of the more useful attributes of being a member company of a car giant is the access it has to an enormous supply chain, which Iain Robertson recognises as both multi-million Euros worth and highly flexible, aided by a pan-brand tool-kit. Modern manufacturing malleability is a crucial measurement for future growth strategies, none more […]
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 […]
