Manufacturing figures electrified by EV charge
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, […]
hybrids
EV services up to a third cheaper
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 […]
EVs drive new car market growth
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 […]
TMD Friction completes EV training
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 […]
Car subscription business reports record growth
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 […]
Aftermarket urged to capitalise on MOT surge
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 […]
Used car market on the skids
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 […]
Car registrations down again in July
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 […]
Used car values on the rise again
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 […]
2030 ban too soon, say drivers
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 […]
Car production picks up in May
UK car production grew for the first time since June 2021 in May, up 13.3%. According to figures released by the Society of Motor Manufacturers and Traders, 62,284 units were produced in the month. However, output remains 46.3% below […]
Rising prices means falling ownership
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 […]
