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Hybrid demand rises as EV appetite falls
- 18/04/2024
- Posted by: Alan Feldberg
- Category: News
New data has revealed a dampening of demand for EVs in favour of hybrids. According to new registrations figures published by the European Automobile Manufacturers’ Association, EV market share across Europe fell by 11.3% in March to make up just 13% of new car sales, while hybrids rose by 12.6%. Meanwhile, [...] -
Peugeot 3008 revealed as fastest selling used car
- 12/04/2024
- Posted by: Alan Feldberg
- Category: News
The fastest selling used car in the UK has been revealed as the Peugeot 3008. According to data from Auto Trader, the model takes just 12 days on average to attract a buyer. This is two weeks quicker than the national average for used cars, which is 26 days. The data also confirmed the growing demand for hybrid [...] -
EU buyers still cool on EVs
- 06/09/2023
- Posted by: Alan Feldberg
- Category: News
A new survey from Bloomberg Intelligence (BI) has revealed that EU manufacturers' EV objectives appear optimistic, with just 16% of respondents planning to buy a car in the next 12 months opting for a BEV. That contrasts with ambitious government targets and may force a watering down of commitments to phase out ICE [...] -
Manufacturing figures electrified by EV charge
- 24/02/2023
- Posted by: Alan Feldberg
- Category: News
UK car production was stable in the first month of 2023, with output down just 0.3% to 68,575 units. The Society of Motor Manufacturers and Traders (SMMT) attributed the loss, equivalent to just 215 fewer cars, to structural changes at certain factories and the ongoing supply chain shortages. However, combined [...] -
EV services up to a third cheaper
- 23/02/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that electric vehicles are up to a third cheaper to service than petrol, diesel and hybrids. According to BookMyGarage, servicing an EV costs an average of £103, compared to £163 for diesel, £159 for hybrids and £151 for petrol cars. Furthermore, overall average maintenance bills are [...] -
EVs drive new car market growth
- 07/02/2023
- Posted by: Alan Feldberg
- Category: News
The UK new car market grew for the sixth month in a row in January, with 131,994 units representing the best start to the year since Covid-19 struck. According to the Society of Motor Manufacturers and Traders (SMMT), the surge was driven by electrified vehicles with one in five new vehicles registered including a [...] -
TMD Friction completes EV training
- 05/01/2023
- Posted by: Alan Feldberg
- Category: News
TMD Friction UK has completed the latest IMI-accredited electric and hybrid vehicle training. Its research and development team undertook the IMI Level 3 training at TMD Friction’s East Yorkshire site in Seaton Ross, meaning the entire UK-based technical and R&D teams are now equipped and qualified to carry [...] -
Car subscription business reports record growth
- 15/09/2022
- Posted by: Alan Feldberg
- Category: News
AAM Group has reported that it’s car subscription business, Mycardirect, has achieved profitability 18 months ahead of schedule. Established in September 2020, it is now profitable on a monthly basis and together with AAM Group’s other brands, Onwrd and BestCarFInder, has seen sales increase by 46% to £23m in [...] -
Aftermarket urged to capitalise on MOT surge
- 30/08/2022
- Posted by: Alan Feldberg
- Category: News
MOT volumes are expected to rise by more than 50% in the second half of the year, with September to November accounting for almost a third of this spike in demand. LKQ Euro Car Parts has urged repairers to take advantage of the extra work. Andy Hamilton, CEO, said: “A recent poll by the Motor Ombudsman found [...] -
Used car market on the skids
- 10/08/2022
- Posted by: Alan Feldberg
- Category: News
The UK’s used car market shrank by 18.8% 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 [...]