Drivers in the dark about rising VED rates
Fewer than 50% of drivers are aware that first-year rates for Vehicle Excise Duty (VED) are rising on 1 April. VED is the yearly tax on all vehicles that use […]
new cars
FLA figures reveal flatlining consumer car finance market
New figures from the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by two per cent in October compared to 2023. The corresponding value […]
Vehicle Excise Duty rises to add £162.9m to car buying costs
New car buyers will pay an extra £162.9m in tax next year following a rise in Vehicle Excise Duty for first-year vehicles. According to a study carried out by Go.Compare, […]
Car finance market enjoys bouyant autumn – FLA
The Finance & Leasing Association (FLA) has reported a rise in the consumer car finance market, with new business volumes up by four per cent year-on-year in September. Meanwhile, new […]
ADAS integration surging according to PARTS report
A new report has revealed that 10 out of 14 ADAS features were included in more than 50% of passenger cars developed by July 2023. Meanwhile, five of the 10 […]
Auto Trader reveals spike in new car demand
New car demand has spiked this month with visits to the Auto Trader new car platform up seven per cent month-on-month in August. This builds on the 2.7% rise in […]
New car market enjoys two years’ of growth
The UK new car market has grown for two consecutive years after figures from the Society of Motor Manufacturers and Traders (SMMT) revealed 2.5% growth in July. It found that […]
New car sales hit one million milestone
More than a million new cars were sold in the UK in the first six months of the year for the first time in five years. According to the Society […]
Car sales up for 22nd straight month
The UK new car market recorded growth for the 22nd month in a row in June as registrations rose 1.7% to 147,678 units. According to the Society of Motor Manufacturers […]
EU sales bounce back in 2024
New car registrations returned to growth in Europe in January, bouncing back from a 3.3% reduction in December. According to the European Automobile Manufacturers’ Association, sales were up 12.1% year-on-year, […]
Stability returns to car sales
Cox Automotive is predicting a more stable year for new and used car sales, after a period of volatility. It expects 2,020,050 new vehicle registrations in 2024, an increase of […]
New car market finishes 2023 strongly
The UK new car market grew for the 17th month in a row in December to make 2023 the best year since the pandemic. Sales were up 9.8% in December […]
