The 24-plate change boosted new-car registrations in March, according to SMMT figures. But private buyers have put the brakes on pure electric purchases and the car makers want Government incentives to be increased to meet emissions targets.. March signals a twentieth month of consecutive growth for the automotive sector, a remarkable milestone for the industry, said Sue Robinson, Chief … [Read more...]
Company car drivers need convincing of EV benefits
It's becoming a grind convincing company car drivers to switch to electric models, admits Paul Hollick, chairman of the Association of Fleet Professionals. Pushing back against “scare stories” about electric vehicles (EVs) is becoming a key task for fleet managers, he said and pointed to a flood of misinformation appearing in both traditional and social media. “Sadly, it seems to have become … [Read more...]
EV prices are stabilising after steep fall
Falling electric vehicle values are stabilising once they reach price parity with their internal combustion engine equivalents, March’s meeting of the Vehicle Remarketing Association was told. Andy Shields, global business unit director, of Indicata, presented data for a variety of EVs that showed this trend, following on from the dramatic price falls seen in 2023. “This effect appears to have … [Read more...]
Increase taxes on bigger private cars, says T&E
The UK could be using its tax system to discourage the growth of large new SUV sales, which recent T&E analysis found had grown by 23% between 2022 and 2023. With the Budget due next week, the environmental group said that the UK has shown some leadership with its tax system, however as company car drivers in the UK are benefiting from a progressive tax system, otherwise known as the … [Read more...]
Reselling rates for EVs close to petrol and diesel models
Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an average of 12.5 days compared to around 7-8 … [Read more...]
Tradelines 7 February
A strong 2.9% organic fleet growth during 2023 has been announced today by Arval UK, in a challenging market constrained by new car supply and inflation. The figure brings the total UK fleet size to 192,068 at the end of December 2023 and much of the rise has been powered by the ongoing transition towards battery electric vehicles as Arval’s UK fleet now includes 44,021 BEVs which account for a … [Read more...]
EV sales are trickling ahead of last year
Five of the largest EV manufacturers in UK market increased their sales last month compared to 12 months ago, according to the latest data from New AutoMotive’s Electric Car Count. The monthly report is the most up-to-date and comprehensive electric vehicle sales data in the UK, and reveals that 15 out of 20 manufacturers are selling more EVs than they did a year ago. Despite Toyota’s CEO … [Read more...]
Looking after your ev and yourself this winter
EV drivers need to take extra care on icy and snow covered roads and look after their vehicles as temperatures fall. Whether you’re a seasoned EV driver or one of the thousands who have just made the switch, it’s important to stay safe on the roads by preparing your vehicle for cold weather driving. The arrival of colder weather means fewer hours of daylight, plus the potential of snow and black … [Read more...]
Tradelines 10 January
KGM Motors UK says all 80 dealerships will showcase the brand’s new corporate identity by mid-2024. KGM Motors UK confirmed its name change from SsangYong Motors UK to KGM Motors on 19 December supporting KGM Global with its brand purpose and future strategy following its own transition from SsangYong Motor Company. Honda today unveiled the “Honda 0 Series,” a new EV series it will launch … [Read more...]
Car makers want more EV incentives for private buyers
The UK new car market has recorded its best year since the pandemic as a strong December up 9.8%, wrapped up the 17th month of consecutive growth. Some 1.903 million new cars reached the road during 2023 – an increase of 17.9%, according to the latest figures from the Society of Motor Manufacturers and Traders. In Wales last year, registrations reached 66,761, a rise of nearly 16% over 2022 and … [Read more...]
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