Van buyers are facing a £1,732 average tax increase as Vehicle Excise Duty (VED) first-year rates - dubbed the “showroom tax”- jump in April.
The vehicle repair sector is bracing for a "perfect storm" of challenges in 2025, as rising costs, customer cutbacks, and recruitment struggles collide to create a turbulent trading environment.
The average price of a used car in December 2024 was £16,649, a slight decline of 0.6% month-on-month (MoM) compared to November, according to the latest data from the Auto Trader Retail Price Index (RPI).
The light commercial vehicle (LCV) market posted a 3.0% growth in 2024, with 351,834 new registrations making it the best year for fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
Online car marketplace Carwow forecasts a robust start to 2025, driven by high consumer demand for used cars.
The Department for Transport has responded to reports that the industry has missed the 2024 ZEV Mandate target with assurances that it expects no car manufacturer to pay crippling fines.
If not for the pressures put on car brands by the ZEV Mandate targets the UK's new car market in 2024 would be seen as quite a success story, with record EV registrations.
The Volkswagen Golf has overtaken the Ford Fiesta to become the most financed car of 2024, according to data released by Close Brothers Motor Finance, reflecting how economic pressures are driving buyers toward more practical and affordable cars.
The Kia Sportage has retained its crown as the most searched and configured new car on Carwow for the second year running, cementing its status as a firm favourite among UK car buyers.
The used car market saw a typical seasonal decline in December, with the average value of a three-year-old, 60,000-mile vehicle dropping by 1.5%, equating to approximately £260, according to data from Cap HPI.
The DfT has today launched a consultation asking for industry views on the Government's restoration of the 2030 petrol and diesel new car ban. Elements include gathering views on which full hybrid and plug-in hybrids could be sold still alongside zero emission vehicles, and what approach should be taken for vans and low volume OEMs.
UK car production was down by almost a third (30.1%) in November year-on-year in what was the ninth consecutive month of decline in 2024.
The Financial Conduct Authority (FCA) has announced an extension for firms to respond to complaints about motor finance agreements that do not involve discretionary commission arrangements (DCAs).
The Suzuki Ignis has been crowned the most reliable 4x4 in the UK, according to new findings from warranty specialist Warranty Solutions Group (WSG).
Europe’s car manufacturers are facing mounting concerns about their long-term viability as they grapple with rising car prices and intensifying competition, according to a report from Jato Dynamics.
The used car market remained steady in November, with average values at £7,345 across the board at auctio house BCA.
As the remarketing sector faces a period of profound transformation, the insights shared at the Vehicle Remarketing Association’s Automotive Summit focussed on the need for agility, data-driven decision-making, and forward-thinking strategies.
The motor insurance industry is projected to return to profitability in 2024 after two years of record losses, according to EY’s latest UK Motor Insurance Results.
Customers take on average 87 days before deciding, making early engagement with potential buyers essential for driving January sales.
Analysis from Cap HPI shows the used car market is performing strongly with average car values at three years and 60,000 miles declining only 1.1% month to date.
