New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in July 2024 by 1% compared with the same month in 2023. The corresponding value of new business increased by 2% over the same period. In the seven months to July 2024, new business was […]
New figures released by SMMT reveal how the UK new car market held steady in August, down just -1.3% to 84,575 units, with many buyers preferring to wait for September’s new number plate. This hold back invariably means August is the quietest month of the year and subject to a degree of volatility as a result. […]
As August and the ‘summer shutdowns’ period draws to a close, next week will be very much ‘back to business’ for the automotive industry, and indeed, the wider economy. That business is, however, very challenging and, as we saw this week with the publication of July’s car and commercial vehicle production figures, there are significant […]
Motor insurance loss adjuster Claims Management & Adjusting (CMA), part of the QuestGates Group, is calling on the police to abolish the stolen vehicle data handling process known as ‘six-week weeding’. According to the latest data from the Office of National Statistics, as many as 350 vehicles are stolen each day in the UK. Any […]
In little more than a week the UK Parliament returns with a busy legislative agenda. High amongst its priorities will be measures to stimulate economic growth and the automotive sector can be the driver of that change. The Labour Party set out its Automotive Sector Plan back in October with proposals to address many of the industry’s […]
As future leaders in England and Wales received their A-Level results yesterday, now embarking on the next exciting chapter of their lives, it’s a reminder that our industry is built on generations of ambitious and talented young people joining our ranks. Attracting fresh talent brings new experiences and aspirations, to skill up and drive new […]
Just as Britain’s athletes break records on the track, so motorists are setting them on the road with the latest SMMT figures this week showing a 24-month run of growth in demand for new cars. It means more of the latest, fuel efficient and zero emission vehicles are joining the fleet – delivering more choice […]
New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in June 2024 by 11% compared with the same month in 2023. The corresponding value of new business decreased by 10% over the same period. In the first half of 2024, new business was 3% […]
Arriving a month into the new government’s growth agenda, this week’s announcement that a new trade strategy will be a cornerstone of wider industrial plans represents a major opportunity for automotive. Given that the sector is, traditionally, the UK’s largest exporter of manufactured goods in terms of value and generates £115bn in total trade, the potential […]
NatWest Group has today successfully issued its first Electric Vehicle Green bond (the “EV Green Bond”) raising net proceeds of €750m from institutional investors based in the UK, Europe & Asia. The issuance makes NatWest Group the first UK bank to issue a green bond where the use of proceeds are intended to exclusively finance […]
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