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Car registrations up for the first time since August

By |2021-04-06T10:21:26+01:00April 6th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

One year on from the first lockdown in March 2020, the new car market recorded its first growth since August with 29,280 more units registered compared to the same month last year, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT).

Optimism for the future despite lowest registrations for 50 years

By |2021-03-04T10:15:57+00:00March 4th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

Latest figures published by the Society of Motor Manufacturers and Traders (SMMT) show that the industry recorded its lowest February uptake since 1959, with 51,312 new cars registered. Registrations of petrol and diesel cars were [...]

A cloudy start but there is optimism for the new car market

By |2021-02-04T13:34:08+00:00February 4th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

Demand remained depressed for both private buyers (38.5%) and large fleets (39.7%). Declines were also recorded in both petrol and diesel cars registrations, which fell by -62.1% and -50.6% respectively. However, battery electric vehicle (BEV) uptake grew by 2,206 units (54.4%) to take 6.9% of the market.

Are you ready for the electric vehicle revolution?

By |2021-01-13T11:33:34+00:00January 13th, 2021|Categories: Leasing & Finance News|Tags: , , |

For the first time, Across 2020, 108,205 fully electric vehicles were registered, up 185% year-on-year. Meanwhile, plug-in hybrid registrations rose by 91%, amassing 66,877 units. This means the total number of electric and plug-in hybrid cars registered in the UK is fast approaching the half-a-million mark (409,330).

Turbulent year sees new car sales fall to lowest for nearly 30 years

By |2021-01-06T10:16:12+00:00January 6th, 2021|Categories: Leasing & Finance News|Tags: , , , , |

Against a backdrop of Covid restrictions, an acceleration of the end of sale date for petrol and diesel cars to 2030 and Brexit uncertainty, the industry suffered a total turnover loss of some £20.4 billion. December’s vehicle registrations were reflective of what was a highly turbulent year, although the month showed signs of continued consumer interest in both used and electric vehicles.

Additional lockdown presents a challenge for the short-term future

By |2020-11-05T10:14:14+00:00November 5th, 2020|Categories: Leasing & Finance News|Tags: , , |

New models and ongoing financial incentives helped initially to sustain UK demand in the month, but the introduction of a ‘firebreak’ lockdown in Wales on 23 October contributed to the nation recording 25.5% fewer registrations by the end of the month, which accounted for more than half of the overall UK decline.

‘No cause for alarm’ over August new car sales dip

By |2020-09-04T14:46:50+01:00September 4th, 2020|Categories: Leasing & Finance News|Tags: , , , |

The recent lockdown has given us a glimpse of what a greener future could look like. With plans for Clean Air Zones in cities across the UK firmly on the table, demand among businesses for their fleets to have the newest and cleanest vehicles is continuing to rise

Rising popularity of EVs presents leasing opportunities

By |2020-07-06T14:38:00+01:00July 6th, 2020|Categories: Leasing & Finance News|Tags: , , , |

Leasing is a good option for individual motorists and businesses looking to spread the running cost of a new car, and those who move into an EV could enjoy additional cost savings throughout its lifetime, including cheaper ‘fuel’ costs and VED, as well as low Benefit-in-Kind for company car drivers.

Cox Automotive data shows growth in fleet wholesale market

By |2020-03-11T11:50:12+00:00March 10th, 2020|Categories: Leasing & Finance News|Tags: , , |

Philip Nothard, Customer Insight and Strategy Director for Cox Automotive, said that ongoing environmental pressures on fleets to renew, coupled with positive pricing in the wholesale markets, may also lead to a flood of de-fleeted vehicles in the new financial year.

Get ready for surge in EV orders

By |2019-10-10T16:36:58+01:00October 7th, 2019|Categories: Leasing & Finance News|Tags: , , , , , , |

Some leasing companies could see EVs occupy more than 50% of new orders on their books in the next two years as employers across the UK consider electric as a way to reduce both costs and their impact on the environment.

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