News

The number of new light commercial vehicles (LCVs) joining UK roads grew 2.4% in October with 26,974 new vans, pickups and 4x4s registered, according to the SMMT This represents the third consecutive month of overall market growth and the best October in three years. Mike Hawes, SMMT Chief Executive, said: “The continued growth in demand for new vans is encouraging given this ...

Bentley Motors has announced the extension of its Beyond100 business strategy, now called Beyond100+, from 2030 to 2035. The manufacturer has also confirmed that its first fully electric car will be revealed in 2026, creating ‘the world’s first true Luxury Urban SUV’. It will be the first of a new PHEV or BEV model to be launched every year over ...

The Autumn Budget will pose challenges for the automotive sector, especially with regard to the changes to employer National Insurance Contributions (NICs) and Capital Gains Tax (CGT). With this in mind I have outlined five essential steps for dealers to navigate these changes effectively: 1. Reassess Remuneration Strategies Employer NICs are set to increase by an average of £900 per ...

Consumer car finance new business volumes grew in September by 4% compared with the same month in 2023, according to the FLA. In the first nine months of 2024, volume of new business was 2% lower compared with the same period in 2023. Geraldine Kilkelly, director of research and chief economist at the FLA, said: “Overall, the consumer car finance ...

The used car market grew by 4.3% between July and September, marking the seventh successive quarter of YoY growth, according to the SMMT. Around 1,965,811 vehicles changed hands, with 81,651 additional transactions compared with the same period in 2023. A record 53,423 used BEVs were sold, an increase of 57.0%, reflecting the largest-ever market share at 2.7%, up from 1.8% in ...

Marshall Motor Group has opened its new Nissan store in Cambridge. It is the city’s only Nissan new car, approved used car, service and parts franchise. The facility includes a six-car showroom, an exterior display area for 40 used vehicles, a six-bay workshop, a number of electric charging points, a customer lounge, and a coffee bar. Craig Wilson, head of ...

MotorVise celebrated its 10th anniversary by adding two motor manufacturers to its client roster and hosting a visit from former Prime Minister and Richmond and Northallerton MP, Rishi Sunak. Fraser Brown, founder and managing director of MotorVise expects 2025 to be a record-breaking year, following a significant increase in inquiries from OEMs and dealerships. Rishi Sunak MP said: “MotorVise is a ...

Auto Trader has launched Co-Driver, a suite of solutions powered by advanced AI and machine learning focused on ‘alleviating retailer pain points and driving retailing performance’. Retailers are benefitting from using AI and machine learning tools to make profitable sourcing and stocking decisions and utilise Market Health and Retail Rating metrics to determine potential returns for stock. Karolina Edwards-Smajda, Auto ...

Manheim Auction Services’ Gloucester site launched last month with record-breaking results. The sale event saw 5,270 accepted bids, the most received at a commercial Manheim auction, totalling £4.2 million pounds in assets sold on the day. The site is a a seven-figure investment designed to support Manheim’s van and truck customer base. Matthew Davock, director of commercial vehicles at Manheim ...

Hybrids and EVs collectively accounted for 14% of used car listings in October, according to MOTORS’ Market View. Hybrids took up 9.6% of stock levels, up from 7% a year ago, while EVs grew from 3% to 4.6%. More younger hybrids were sold – those aged under two years which were up by 52% YoY achieved their highest ever volume ...