News
‘Peak Petrol’: EV adoption and pandemic aftershocks continue to hamper car market
The UK car market is expected to hit its peak in terms of petrol vehicle numbers in 2024 although the industry continues to grapple with the the post-pandemic shortage of nearly 3 million cars not sold during that period, stricter Zero Emission Vehicle (ZEV) targets, rising competition from new brands and models - all at a time of lacklustre appetite for electric vehicles (EV).
MP Clive Jones visits Select Car Leasing to discuss EV transition strategies
Liberal Democrat MP for Wokingham Clive Jones heard firsthand about the significant discrepancies in the cost of home versus public charging and the need for additional government support to entice motorists to go green when he visited Select’s HQ in Reading.
Financial Conduct Authority to consult on extra extension for car loans complaints
The motor retail industry is being urged to have its say on a proposal from the Financial Conduct Authority to let dealerships and finance providers delay their responses to consumer complaints about motor finance commission.
Car availability and choice at risk as EV targets reshape market
The transition to electric vehicles (EVs) - driven by strategic shifts among legacy manufacturers and competition from new entrants - could lead to reduced variety in vehicle makes and models, especially if manufacturers scale back their UK presence.
Xpeng partners with International Motors to launch Tesla rival G6
Chinese car manufacturer Xpeng has formalised its strategic partnership with International Motors as its official distributor in the UK, charged with ensuring that its EV range will receive dedicated support from import to aftersales.
Certainty essential for motor finance sector amid new Treasury consultation, says iVendi
The move by the Treasury to sound out how best to deal with mass compensation claims has been welcomed as a positive step although immediate certainty is critical for car loan providers, according to motor retail tech business iVendi.