All articles by Sarah Brady
Sarah Brady
Consumer car finance new business volumes fall by 2% in June 2023
New figures from the FLA show consumer car finance new business volumes fell in June 2023 by 2%.
TfL extends ULEZ scrappage scheme
Transport for London has increased its scrappage contribution for vans to £9,500, complimenting IVECO’s £1,000 eLCV contribution.
Octopus Electroverse reaches over half a million EV points
Octopus Energy’s ‘one card, one app’ service, which now has 470 brands in 40 countries, has reached a 500,000 EV point milestone.
Used car market electrifying as EV sales soar in second quarter
UK used car market has grown 4.1% in Q2 2023, with more than 1.8 million units changing hands – and BEVs account for record 1.7% market share.
Bridgestone’s Webfleet sets EV world record
Fleet management services provider sets a new world record for the greatest distance travelled in a single charge for an electric van.
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More than one in five fleet vans don’t meet ULEZ rules
Research by FleetCheck has found that 21% of vans remain ULEZ non-compliant, though estimations indicate this figure could be higher.
Mobilize acquires stake in Select Car Leasing
Mobilize Financial Services UK has announced it has acquired 36.6% of Select Car Leasing to provide multi-brand leasing contracts.
Quality pressure impacting LCV values in June
Research by BCA has found LCV values hit the lowest monthly average in two years due to poorer vehicle conditions.
Used car market forecast predicts recovery
Retail pricing remains stable despite economic challenges with substantial recovery not expected until 2024, Cox Automotive finds.
Interest rate rise to ‘dampen car sales’ – AutoProtect Group
Following the Bank of England’s interest rate rise of 0.25 percentage points, car dealers brace for a reduction in consumer spending.