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New car sales spike as EV demand rises
- 05/10/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew 21% in September with 272,610 registrations in the month. According to the Society of Motor Manufacturers and Traders (SMMT), this is the 14th consecutive month of growth. Sales were driven by large fleets, which rose 40.8% to 143,256 units, while private consumer demand grew 5.8% to [...] -
Used prices fall for first time in 41 months
- 05/10/2023
- Posted by: Alan Feldberg
- Category: News
Used car prices fell in September for the first time since March 2020, based on data from the Auto Trader Retail Price Index. The average price of a used car last month was £17,736, down 0.4% year-on-year and like-for-like, marking the end of a remarkable 41 months of consecutive growth. Meanwhile, second-hand [...] -
EV claims up 370%
- 04/10/2023
- Posted by: Alan Feldberg
- Category: News
New research by MotorEasy has revealed a 370% increase in electric vehicle warranty claims over the past three years. While this is partly down to the number of EVs MotorEasy now has on its books, it is also attributable to an ageing EV fleet with more problems starting to emerge. Alongside the increasing volume [...] -
Munro launches crowdfunding initiative
- 04/10/2023
- Posted by: Alan Feldberg
- Category: News
Scottish manufacturer of all-electric 4x4s Munro has announced an equity crowdfunding round. The initiative has been launched with leading global online investment platform Seedrs and will run until 31 October. The investment funds raised will enable Munro to capitalise on considerable customer interest, deliver [...] -
Used petrol cars top wish-list for new drivers
- 02/10/2023
- Posted by: Alan Feldberg
- Category: News
New research has revealed that 98% of newly qualified driver will get a used car as their first vehicle, with 84% opting for petrol and 12% selecting a diesel model. Only four per cent say they will buy an electric car first. This is according to data from Young Driver, which surveyed 500 customers under the age [...] -
Public charging costs set to fall
- 29/09/2023
- Posted by: Alan Feldberg
- Category: News
Rising prices of using rapid and ultra-rapid public charge points slowed in September are expected to begin falling in the coming weeks. According to RAC Charge Watch, it now costs an average of 71.41p per kilowatt hour (kWh) to rapid charge an EV on a pay-as-you-go basis, up from 63.29p (13%) a year ago. But that [...] -
Manufacturing stalls after six-month growth
- 28/09/2023
- Posted by: Alan Feldberg
- Category: News
Six months of continued growth in UK car production fell in August as volumes fell 9.7% to 45,052 units. According to the Society of Motor Manufacturers and Traders (SMMT), output was in part affected by extended production pauses at some plants for planned maintenance and upgrades as car makers gear up to produce [...] -
CV manufacturing hits 11-year high
- 28/09/2023
- Posted by: Alan Feldberg
- Category: News
British commercial vehicle (CV) manufacturing grew 8.6% to 6,600 units. According to the Society of Motor Manufacturers and Traders (SMMT), this is the best August volume for 11 years continues the positive trend, with a fifth consecutive month of rising CV output. Increased output was driven primarily by UK [...] -
Used car values weakening
- 27/09/2023
- Posted by: Alan Feldberg
- Category: News
Used car values fell by their largest amount since 2008 in September. According to data from cap hpi, values dropped by 1.9%, or about £420, at the three-year, 60,000 point. Values at the one-year age point dropped by 1.6%, equivalent to £575, while older cars dropped by 1.8% at five years old and 2.1% at [...] -
SYNETIQ completes industry-first training
- 27/09/2023
- Posted by: Alan Feldberg
- Category: News
SYNETIQ, an IAA company, is celebrating after becoming the first UK vehicle recycler to complete an Institute of Motor Industry-accredited course in EV dismantling. The course is the country’s first dismantling-specific training based on national occupational standards. It teaches delegates how to make high [...]