Stark generational differences in ‘Car Confidence’ exist when it comes to buying and owning a vehicle, according to a Censuswide survey of 1,000 UK drivers, commissioned by The Motor Ombudsman.
Drivers of electric cars should be braced for higher ownership costs as several key incentives that have fuelled the rise in EV ownership are slated to expire next year.
Auto Trader’s latest data has revealed the fastest selling used cars in July.
The demand for used EVs ramped up in July following a 16.5% fall in prices during Q2, according to the latest Aston Barclay Market Insights report.
Businesses running electric vans could be able to share private depot charging points in the future as part of a new Government-backed initiative.
Used electric vehicle sales increased by 52.6% over Q2, leading an overall increase across all fuel types of 7.2%, according to the latest data from the SMMT.
The FCA is urging the automotive industry to provide feedback to help reduce red-tape around any overlaps with previous guidance and Consumer Duty.
Used electric vehicles are now priced 8.5% and 14% below equivalent petrol and diesel models at three and four years respectively, according to new data.
New car finance business volumes and value both dropped by 3% over the first half of 2024, according to data from the FLA.
Dealers are being urged to test drive part exchange vehicles due to the increasing age of vehicles being traded in by customers, according to SVA.
Car supermarkets increased their inventories in July as buyers renewed their focus on affordability, according to MOTORS’ July Market View.
New Institute of the Motor Industry (IMI) data continues to highlight a post code lottery for electric vehicle (EV) skills across the UK.
Green NCAP has seen new evidence that supports a “steady positive change” in relation to the reducing carbon footprint life cycle of electric vehicles.
Used retail prices have continued to stabilise in July as the market returns to seasonal norms, according to the latest data from Auto Trader.
New car registrations have seen two straight years of growth, but this is against a continued backdrop of weakening retail and electric vehicle demand.
Car breakdowns increased year-on-year by 12.7% in 2023 due in part to an ageing UK vehicle parc, according to Green Flag.
UK car buyers are interested in a used electric vehicle, but confusion and uncertainty is continuing to drive down overall used prices.
UK used car sales are expected to increase by 5% year-on-year in 2024, but Auto Trader has warned this rise will be accompanied by “unprecendented shift in used car supply dynamics”.
The Financial Conduct Authority (FCA) has confirmed it will set out the next steps into its review of discretionary commission arrangements (DCA) in May 2025.
Consumer confidence is starting to improve, with one in five drivers actively looking for their next car, according to research by AA Cars.
