The UK new car market declined -4.4% in September, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). The sector recorded 328,041 new registrations in the month – the weakest September since the introduction of the dual number plate system in 1999 and some -15.8% lower than the 10-year average […]
By Chris Black, commercial director at vehicle leasing experts LeasePlan UK Salary sacrifice schemes have become very popular over the past few years as employers look to find new ways of delivering cost effective benefits package in a way that attracts and retains the best talent. These schemes allow employees to use a portion of […]
The CMA has accepted a proposal from Ardonagh to fully unwind its recent £26m purchase of Bennetts to resolve competition concerns. Ardonagh Group Limited (Ardonagh), which operates the Carole Nash and Swinton brands, completed the purchase of Bennetts Motorcycling Services Limited (Bennetts) in August 2020. Following an initial Phase 1 investigation, the Competition and Markets […]
The coronavirus crisis remains a significant challenge, particularly as autumn approaches with cases rising and local lockdowns coming into force. But with little more than three months before the Brexit transition period expires, however, we have another immense threat ahead with uncertainty as to how we will trade with the EU come January 2021. SMMT […]
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 […]
