Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
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).
Finance offers and heavy discounting is masking the challenges of Europe's new car market, according to JATO Dynamics.
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.
An e-commerce platform is being launched in the UK by Leasys to allow potential new car buyers to easily lease electric and hybrid cars.
Car buyers’ choice is expanding further in the UK as a new electric vehicle brand, Skywell, begins sales here. General Manager David Clark told us about its dealer recruitment plans
The European Automobile Manufacturers' Association (ACEA) has shifted its stance, no longer pushing for a two-year delay in the EU's 2025 CO2 reduction targets.
Stellantis is halting production of the all-electric Fiat 500 city car for four weeks due to sluggish demand, reflecting a broader global slowdown in electric vehicle (EV) sales.
A new survey from the Startline Used Car Tracker reveals that almost half of dealers (47%) believe that the ZEV Mandate targets should be relaxed
Online car marketplace Carwow has kicked off its September sale, offering discount deals up to £8,468 on popular new models such as the BYD Dolphin, Nissan Qashqai, Ford Kuga, and Renault Clio.
The newest entrant from China into the UK's new car market has started sales after a VIP launch party showcasing the Omoda 5 petrol car and Omoda E5 electric car last night.
Cox Automotive is restating its "optimistically realistic" outlook for the used car market in 2024, warning against assuming that first-half continue to the year-end.
The new car market will face huge challenges by year-end, according to Cox Automotive which is warning that pressures could be even worse that those caused by the 2008 financial crisis and the 2020 pandemic.
Stellantis chief executive Carlos Tavares has demanded a re-examination of the vehicle manufacturer's business prospects in the UK in light of the impact of the zero emission vehicles (ZEV) Mandate.
Our analyst ponders whether more private buyers will come out of hiding for new cars in H2 now a new government is in place and OEMs are fighting to win consumers' attention
The Honda e:NY1 has emerged as July’s most sought-after brand-new electric vehicle (EV) and the seventh most in-demand new car across all fuel types, leaping from 254th place in June in the UK.
The UK new car market has hit the million sales mark in the first half of 2024 for the first time since 2019
Motorists who opt for electric vehicles (EVs) instead of petrol-powered cars could save up to £7,000 over the next four years, according to a new report by New AutoMotive.
The EC's decision to impose tariffs of up to 38.1% on cars produced in China could further boost investment into the UK, according to consultancy Gartner.
Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
