• 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 [...]
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  • 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 [...]
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  • 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 [...]
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  • 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 [...]
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  • 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 [...]
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  • 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 [...]
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  • 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 [...]
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  • Car registrations down again in July
    • 04/08/2022
    • 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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  • Used car values on the rise again
    • 21/07/2022
    • Posted by: Alan Feldberg
    • Category: News
    Used car values rose to £9,196 in June, according to data released by BCA, making it the first month-on-month rise in values recorded this year.  Values improved by £745 across the board compared to May 2022, equivalent to an 8.8% increase over the month, with volumes broadly static. Meanwhile, performance against [...]
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  • 2030 ban too soon, say drivers
    • 12/07/2022
    • Posted by: Alan Feldberg
    • Category: News
    A new survey has found that 60% of UK drivers think 2030 is too early to stop selling petrol and diesel cars. The survey of 2,000 drivers carried out by Opinium on behalf of InsuretheGap also found that almost half of drivers (47%) are holding onto their cars for longer than usual because they are unsure whether to [...]
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