Manufacturers are set to spend at least £2 billion on discounting electric vehicles (EV) this year in a desperate attempt to stimulate demand, according to the Society of Motor Manufacturers and Traders (SMMT).
The European Automobile Manufacturers' Association (ACEA) has shifted its stance, no longer pushing for a two-year delay in the EU's 2025 CO2 reduction targets.
Stellantis is halting production of the all-electric Fiat 500 city car for four weeks due to sluggish demand, reflecting a broader global slowdown in electric vehicle (EV) sales.
A new survey from the Startline Used Car Tracker reveals that almost half of dealers (47%) believe that the ZEV Mandate targets should be relaxed
Online car marketplace Carwow has kicked off its September sale, offering discount deals up to £8,468 on popular new models such as the BYD Dolphin, Nissan Qashqai, Ford Kuga, and Renault Clio.
The newest entrant from China into the UK's new car market has started sales after a VIP launch party showcasing the Omoda 5 petrol car and Omoda E5 electric car last night.
Cox Automotive is restating its "optimistically realistic" outlook for the used car market in 2024, warning against assuming that first-half continue to the year-end.
The new car market will face huge challenges by year-end, according to Cox Automotive which is warning that pressures could be even worse that those caused by the 2008 financial crisis and the 2020 pandemic.
New car registrations have seen two straight years of growth, but this is against a continued backdrop of weakening retail and electric vehicle demand.
Stellantis chief executive Carlos Tavares has demanded a re-examination of the vehicle manufacturer's business prospects in the UK in light of the impact of the zero emission vehicles (ZEV) Mandate.
The Honda e:NY1 has emerged as July’s most sought-after brand-new electric vehicle (EV) and the seventh most in-demand new car across all fuel types, leaping from 254th place in June in the UK.
Japanese luxury brand Lexus has significantly cut prices on its electric and hybrid models in a bid to boost sales to private buyers.
The UK new car market has hit the million sales mark in the first half of 2024 for the first time since 2019
Vertu Motors' latest first-quarter figures reflected a period of robust growth and strategic progress, boding well for the remainder of the financial year despite the potential impact of zero emissions targets.
Motorists who opt for electric vehicles (EVs) instead of petrol-powered cars could save up to £7,000 over the next four years, according to a new report by New AutoMotive.
The EC's decision to impose tariffs of up to 38.1% on cars produced in China could further boost investment into the UK, according to consultancy Gartner.
Discounting risks undermining the ability of companies to invest in next generation technologies and cannot be sustained indefinitely, according to the Society of Motor Manufacturers and Traders (SMMT).
Jato Dynamics data across 28 European markets reveals that the SUV market share has possibly reached a peak.
Consumer interest in brand new cars remains strong despite challenges in the new car market, according to Auto Trader
New Low Emission Zones (LEZs) in Scotland will most likely prompt an increase in new and used car sales activity north of the border, according to new analysis from Carwow.
Carwow Group and Porsche’s MHP Consulting UK are partnering to offer consulting services and solutions to support new and existing vehicle manufacturers with their go-to-market strategies.
Almost one in 20 motor finance customers have been identified as vulnerable, according to new research by iVendi.
The SMMT said sluggish private registrations and shrinking EV demand signal the challenge for 2024, despite 10.4% growth overall in March.
The UK Government will apply trade sanctions if the UK's new car market becomes at risk of a flood of cheap electric vehicles from China's state-backed manufacturers, transport secretary Mark Harper has warned.
OEMs and franchised dealers face a daunting task to deliver sales mix and volume expectations in the new car market as many private buyers find young used cars much more attractive thanks to recent price drops, according to Vertu Motors, one of the biggest motor retailers in the AM100.
