All articles by Sarah Brady
Sarah Brady
Tesla and MG ‘Europe’s biggest market share winners’ in H1 2023
Tesla remained the best-seller within the BEV market as new car registrations rose by 17% in H1 2023, with June seeing an increase of 18%.
New car market set for steady recovery for remainder of 2023
Cox Automotive’s forecasted an increase of 20% for total new car registrations in 2023 compared to 2022 figures.
Jaama acquired by investors on 19th birthday for undisclosed sum
Andrew Holgate will take over as chief executive of Jaama from Jason Francis after a group of investors acquired the company.
Used LCV prices remain consistent as buyers become more selective
Aston Barclay’s market insight report found that, despite increased selectivity from dealers, prices for LCVs rose 17.2% from Q1.
MotoNovo Finance appoints three to senior leadership team
Leanne Christmas; Alice Sweet and James Gearey to join in newly created roles and will report to MD Richard Jones.
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Zapmap-Allstar’s EV charging network adds Connected Kerb and Fastned
Over 2,000 Connected Kerb and 80 Fastned chargers join the Allstar network that accepts digital payments using the Zapmap app.
Evolution Funding secures investment from Carlyle
Used auto finance platform Evolution Funding has secured funding from Carlyle alongside existing investor LDC.
Mann Island Finance pivots to motor finance as it hits £1bn milestone
Since 2015, the business has lent over £2.3bn to car and van buyers across the UK.
Two-thirds of dealers concerned about margin erosion
52% of dealers were also concerned about rising staffing costs, according to new research by July’s Startline Used Car Tracker.
Younger used EVs sell faster than diesels in June
New research by INDICATA Market Watch has found that used EV sales account for 10.6% of used car sales compared with 9.2% of diesels under 2 years.