• Energy prices cooling EV demand

    • 28 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    Surging energy prices is dampening demand for electric vehicles An AA survey of 12,500 drivers showed 63% of respondents said the increase in home electric bills was contributing to their decision to stick with petrol or diesel cars, while 10% stated it was the main reason for not making the switch to [...]
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  • Cost-of-living cooling car ownership

    • 21 September 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    A new survey of dealers has identified a growing trend among motorists now wishing to own their own vehicles According to Startline’s Used Car Tracker, drivers choosing not to own their vehicles is a challenge for 42% of respondents compared to just 18% in August Paul Burgess, CEO at Startline Motor Finance, [...]
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  • Car finance market suffers summer slowdown

    • 9 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    Consumer car finance new business volumes fell by three per cent in July 2022 compared with the same month in 2021, according to the Finance & Leasing Association However, the value of new business increased by five per cent over the same period The consumer new car finance market reported a fall in new [...]
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  • Used car market records 29th month of growth

    • 6 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    The latest data from the Auto Trader Retail Price Index suggests the used car market remains strong It found that average used car prices continued to grow year-on-year in August, increasing 156% on a like for like basis, marking the 29th month of consecutive price growth At a more granular level, prices also [...]
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  • Used car market on the skids

    • 10 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    The UK’s used car market shrank by 188% during the second quarter of 2022, with 1,759,684 transactions taking place The Society of Motor Manufacturers and Traders (SMMT) reported that 407,820 fewer vehicles changed hands compared with the same period last year Declines were recorded in each month, with falls [...]
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  • Car registrations down again in July

    • 4 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    UK new car registrations fell by nine per cent to reach 112,162 units in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) The result marks the fifth month of consecutive decline, although the fall is the smallest recorded this year Ongoing global supply chain [...]
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  • Škoda satisfied with sales ahead of relaunch

    • 1 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    Škoda saw sales fall by 30% in the first half of 2022 compared to the same period last year, with 360,600 vehicles delivered worldwide The operating profit of €676m is 306% below the previous year, while the return on sales remains strong at 66% Škoda board member for finance and IT Christian Schenk, said: [...]
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  • VWG announces 27% increase in EV sales

    • 18 July 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    The Volkswagen Group has announced that it has increased the sale of all-electric vehicle by 27% in the first half of the year Despite supply bottlenecks, a temporary stop of production in Europe and Covid-related lockdowns in China, 217,100 BEVs have been handed over to customers in the first six months of 2022, [...]
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  • EVs top fastest-selling list in June

    • 4 July 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Figures from Auto Trader have revealed that electric cars were not only the fastest fuel type to sell in June, taking an average of just 27 days, compared to 33 and 35 days for used petrol and diesel cars respectively, but also made up 70% of the top fastest selling models This is in stark contract to last June, [...]
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  • Rising prices means falling ownership

    • 17 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    The cost of living crisis is having a negative impact on car ownership According to MotoNovo Finance's latest Customer Insight research, the fall in car ownership reported by the SMMT comes as little surprise, with economic and social factors along with associated environmental issues driving an evolution in [...]
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