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UK car sales

  • Worth the cost? Driving groups issue safety concerns as govt floats year delay of MOT testing to save £100m

    MOT Testing

    MOT testing could be delayed by a year under current plans, but driving groups say they are “totally” opposed on safety grounds. Motoring groups the AA and RAC have warned ministers that “drivers don’t agree” with plans to delay testing and “believe it’s dangerous”, with more cars unfit for road use. This comes after the [...]

  • Crypto cash makes more Brits drive luxury cars despite raging cost of living crisis

    LUXURY CARS

    Luxury car owners have increased by 9.2 per cent over the past year, according to data published today.  Figures from accountancy group UHY Hacker Young show that the number of luxury car owners has gone up from 221,124 in 2020 to 241,391 a year later.  According to UHY Hacker Young’s partner David Kendrick, sales were [...]

  • Hedin Group approaches Pendragon with new £400m takeover bid

    takeover approach

    Pendragon has confirmed it has received a new takeover approach from its largest shareholder, Hedin Group.

  • UK automotive industry takes another hit as new car registrations drop to worst June since 1996

    July 5, 2022

    Registrations of new cars fell by around 24 per cent last month compared with June 2021, according to preliminary figures from the Society of Motor Manufacturers and Traders (SMMT) this morning. This means the UK automotive industry suffered its worst June for new car sales since 1996. In fact, only around 800,000 new cars were [...]

  • Car industry sounds alarm bells: UK vehicle makers face staggering 50 per cent jump in energy bills

    June 28, 2022

    British car makers face a 50 per cent increase in energy costs this year, an industry body warned this a.m. Analysis by the Society of Motor Manufacturers and Traders (SMMT) stated that the sector’s annual energy bill – which is already £50m more than its European Union rivals – will rise by £90m in 2022. [...]

  • Car industry in shock and fuel prices climb as government scraps all grants for electric vehicles

    June 14, 2022

    There is widespread shock and surprise in the car industry this morning as the DfT said all grants for new EVs have been scrapped.

  • Jaguar Land Rover halts all sales to Russia while BMW’s Mini plant ends production due to Ukraine conflict

    March 2, 2022

    Sales by car manufacturer Jaguar Land Rover (JLR) to Russia has been suspended following the invasion of Ukraine. The firm announced that it made the decision due to the “wellbeing” of its workforce and those “within our extended network”. Sanctions imposed on Russia have heavily restricted the ability of companies to sell goods there. JLR, [...]

  • Vertu exceeds market expectations in six-month results

    October 13, 2021

    Automotive retailer Vertu has exceeded market expectations, registering a £51.8m adjusted profit before tax on revenues amounting to £1.9bn. In the six-month period ending 31 August, the company reported a gross margin of 11.6 per cent as well as a £57.3m net cash flow, compared to £36.5 registered in the first quarter of FY2021. “The [...]

  • Vehicles are the UK’s most valuable export as revenues reach £27bn

    October 12, 2021

    UK export revenues for vehicles have reached £27bn in 2020, making vehicles Britain’s most valuable trade good. In a report published today, the Society of Motor Manufacturers and Traders (SMMT) highlighted how the British automotive sector kept on generating revenue even during the Covid-19 pandemic. As a whole, the country’s industry produced a £74bn total [...]

  • Exclusive: ‘Petrol anxiety’ fuels interest in electric cars, says Auto Trader exec

    September 29, 2021

    Since panic buying of fuel started at the end of last week, there has been a significant increase in interest in electric vehicles. Searches for used EVs increased by over 60 per cent versus the previous weekend, according to Auto Trader, by far the UK’s largest automotive marketplace. “The events of the past few days [...]

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