Dealers have largely welcomed a range of measures from last week’s Budget, viewing them as beneficial for the used car market.
JudgeService reveals that the Autumn Budget dampened consumer confidence in buying electric vehicles (EVs), with nearly half (46%) of car buyers expressing less confidence in making the switch.
Most consumers remain committed to their car buying plans despite significant tax rises in the recent Budget.
Chancellor Rachel Reeves’ first Budget represents a significant shift in fiscal policy, addressing the UK’s considerable funding gap with £40 billion in new tax rises alongside targeted spending cuts.
Chancellor Rachel Reeves' Budget on October 30 is an important opportunity for the Government to help UK motorists along the transition to zero emission vehicles, according to the boss of Ford.
Car manufactured in the UK suffered a significant decline of 20.6% in September, with 70,039 units rolling off production lines, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).
The Vehicle Remarketing Association (VRA) is warning that the current health of the used car market could rapidly deteriorate in the last quarter of 2024, due to several emerging issues.
Radical tax reform is not needed to support the UK's transition to electric vehicles (EVs), according to a new report by the non-governmental organisation New AutoMotive.
The absence of any measures in the Spring Budget targeted at jumpstarting market demand for EVs has been widely condemned as a missed opportunity.
Sales of new electric cars held their own during the traditionally slow month of February
The forthcoming Spring Budget is a chance for Government to launch measures to boost the industry, focused largely on jump starting market demand for EVs.
Industry is calling for the Chancellor to use next week’s Budget to feature fairer taxes to help accelerate the uptake of electric vehicles
The Government has pledged to stick to its plan to ban the sale of new petrol and diesel cars from 2030 as it revealed its Powering Up Britain strategy to transform the UK’s energy infrastructure.
The Chancellor of the Exchequer Jeremy Hunt has frozen fuel duty, boosted repairs to pothole damaged roads and targeted solutions to recruitment issues in his Budget statement.
The Society of Motor Manufacturers and Traders has laid out its blueprint for the UK to become one of the world’s most competitive locations for advanced automotive manufacturing in the electric vehicle (EV) age.
More than half of motorists support calls for a cut in fuel duty in next week’s budget, according to the Startline Used Car Tracker.
Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has admitted that the UK car manufacturing sector needs a new "pitch” to remain competitive with global rivals.
The Vehicle Remarketing Association (VRA) has called for Government to introduce new incentives to support motorists looking to adopt zero-emission transport through the purchase of a used electric vehicle (EV).
The Chancellor of the Exchequer Kwasi Kwarteng has announced £45 billion of tax cuts in a ‘mini’ budget set to cost the exchequer around £100bn.
As the British people face significant increases in the cost of living, the Chancellor Rishi Sunak has delivered tax cuts to fuel and wages in today's Spring Statement to the UK Parliament.
