INEOS Automotive becomes part of a portfolio of 45 carmakers in the UK that have so far pledged their adherence to The Motor Ombudsman’s Chartered Trading Standards Institute best practice, and to going beyond the standards required by law with regards to the provision of new vehicles and new car warranties. The 4X4 maker’s accreditation under the Vehicle Sales Code covers consumers configuring … [Read more...]
New car registrations pushed over a million
The UK new car market has hit the million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1% to reach 179,263 units, according to the Society of Motor Manufacturers and Traders. As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0% on the previous year but still down -20.7% on 2019. June’s market growth was driven … [Read more...]
Newslines 18 June
Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank from £33.29m to £30.734m – an 8% drop and … [Read more...]
Businesses buying rise in UK car sales
The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May, according to the latest figures from the Society of Motor Manufacturers and Traders. With 147,678 units reaching the road, it was the best May market performance since 2021, although it remains down some -19.6% on 2019. Fleets and businesses continued to fuel market growth, up 14.0% and 9.5% … [Read more...]
Crucial role of North West to UK Automotive
Bosses from some of the UK’s biggest advanced automotive manufacturers and suppliers today came together for the Society of Motor Manufacturers and Traders Regional Forum, held in Liverpool for the first time. Hosted at Rum Warehouse, the event will explore how manufacturers can benefit from the shift to zero emission mobility and secure new business to drive jobs and growth across the North … [Read more...]
UK car making slips
UK car manufacturing output fell by -7.0% in April, down to 61,820 units, according to the Society of Motor Manufacturers and Traders. It was the second consecutive monthly decline, reflecting factory adjustments in preparation for next generation models and their electrified powertrains. Output for the UK – at 14,021 units – rose 19.8% but failed to offset a -12.7% decline in production for … [Read more...]
EV revolution literally gathers pace
It's green for go. The green flash on UK number plates is going to appear on more pure battery vehicles cars this year than ever before and some of the cars behind the plates are not run of the mill models but bursting with performance. potential. British motorists can enjoy more battery electric vehicle choice today than ever before, with 29.3% of models on the new car market available as zero … [Read more...]
Used car sales booming as new regs slow
The UK’s used car market rose by 6.5% in the first quarter of 2024 with 1,967,923 units finding new owners – the strongest start to a year since pre-pandemic 2019, according to the Society of Motor Manufacturers and Traders. Earlier this week, the car makers' body in Britain reported a dramatic slowdown in new car sales, particularly among retail buyers. The increase marks 16 months of … [Read more...]
Pure EVs charging with fleets but not private buyers
Battery electric vehicles recorded their best start to the year, with more than 100,000 BEVs sold in the UK already in 2024 – the earliest in the year this milestone has been achieved. According to the latest Electric Car Count from New AutoMotive, sales rose more than 10% on April 2023 – with upmarket manufacturers BMW, Audi and Mercedes performing strongly, and lower cost brands like MG, … [Read more...]
Newslines 26 April
Insurers have agreed to be clearer and have fairer pricing of monthly premiums as policyholders struggle with the cost of living. The Association of British Insurers say the Government could also help by reducing insurance premium tax. The average cost of petrol is now over £1.50 a litre for the first time since November, says RAC Fuel Watch. In motorway services it can be £170.80ppl while … [Read more...]
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