Toyota invests $35bn in EV development to rival market players December 14, 2021 Toyota has announced it will invest $35bn in the development of electric vehicles (EVs), with the aim to rival some of the market’s biggest EV player such as Tesla. The sum will be divided between vehicle development – as the automotive giant aims to sell 3.5 million battery EVs per year by 2030 – and [...]
Cyclists hit back at accusations of turning London into a congestion nightmare December 8, 2021 Charity Cycling UK has hit back against traffic information supplier Inrix linking the increase in cycling lanes to London becoming the most congested city in the world. “Inrix is focused on the tarmac available for cars, when the question should be how we use and allocate that space better, changing travel behaviours and reducing congestion [...]
UK car sales grow but industry warns troubles are not over December 6, 2021 After four months of consecutive decline, new car registrations showed signs of recovery, going up 1.7 per cent in November compared with the same time last year. According to data from the Society of Motor Manufacturers and Traders (SMMT), 115,706 cars were registered last month, with electric vehicles becoming the main drivers beyond the demand. [...]
Used car prices hit record growth in six months December 3, 2021 Used car prices have registered five years’ worth of growth in six months, with costs increasing by £3,400 since May. Data from the Auto Trader Retail Price Index has shown that used car prices – now at an average of £17,366 – have gone up 28.6 per cent on a year-on-year basis, making November the [...]
Number of UK unlicensed vehicles up by 85,000, DfT stats show December 1, 2021 The number of unlicensed vehicles being driven across the country has gone up by 85,000 in the last two years. Statistics from the Department for Transport (DfT) have shown that in 2021, 1.9 per cent of all vehicles in UK traffic did not pay their vehicle excise duty (VED). Data have also revealed that the [...]
Pendragon raises profit outlook as supply issues deemed “not as bad” December 1, 2021 UK motor retailer Pendragon has raised its profit outlook for the full year for the second time in less than two months. After initially lifting it from between £55m and £60m to approximately £70m on 7 October, the group said this morning its underlying profit for the full year to 31 December 2021 has gone [...]
Car sales will mostly be online by 2030 in a blow to vehicle dealerships November 30, 2021 UK motoring executives think cars will be mostly sold online by 2030, with electric vehicles (EVs) making between 70 and 100 per cent of new vehicle sales in western Europe. Data from KPMG’s automotive executive survey has revealed that 59 per cent of 1118 executives interviewed believe online sales will become the norm by the [...]
Brits positive about autonomous vehicles’ benefits, BSI reveals November 18, 2021 Brits are confident that self-driving cars will bring many benefits such safety gains, a BSI opinion poll revealed. Out of 1,000 people interviewed, 70 per cent see the benefits of autonomous cars, in particular when it comes to avoiding driver errors and reducing accidents, with people aged between 18 and 24 the most inclined to [...]
Used car prices rocket as UK inflation soars November 17, 2021 Used car prices have skyrocketed around the same time the UK’s inflation rates have reached record highs. Data from Auto Trader’s marketplace have revealed that last week the average prices for a used vehicle went up 26.9 per cent year-on-year, reaching almost £20,000. Fuelled by massive levels of consumer demand and supply chain issues, last [...]
BMW to stop customisation following EV transition costs November 16, 2021 BMW is said to stop car customisation following the transition to electric vehicles (EV) that is forcing the automotive giant to cut costs where possible. Once priding itself for the wide range of choices given to customers, BMW has now said it will not be able to provide such a large number of options when [...]