Market insight - Page 16
Scottish market outpaces UK growth but emissions targets remain challenging
In spite of the Scottish car market demonstrating resilience, meeting future ZEV targets will depend on significant governmental action to address infrastructure, affordability, and consumer confidence in electric vehicles.
Executive View: The route to target achieved in the EV market
James Vickery, head of policy, ZEV regulations at the Office for Zero Emission Vehicles (OZEV), part of the Department for Transport, explores how the UK's motor retail industry overall can have confidence that the first year of the ZEV Mandate was a success.
LCV market logged 350,000 registrations in 2024, despite BEV challenges
The light commercial vehicle (LCV) market posted a 3.0% growth in 2024, with 351,834 new registrations making it the best year for fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
Volkswagen Golf tops Close Brothers’ most financed cars of 2024
The Volkswagen Golf has overtaken the Ford Fiesta to become the most financed car of 2024, according to data released by Close Brothers Motor Finance, reflecting how economic pressures are driving buyers toward more practical and affordable cars.
Used car market provides reasons to be cheerful after seasonal dip
The used car market saw a typical seasonal decline in December, with the average value of a three-year-old, 60,000-mile vehicle dropping by 1.5%, equating to approximately £260, according to data from Cap HPI.
DfT's ZEV Mandate consultation launches to consider flexed targets and hybrids
The DfT has today launched a consultation asking for industry views on the Government's restoration of the 2030 petrol and diesel new car ban. Elements include gathering views on which full hybrid and plug-in hybrids could be sold still alongside zero emission vehicles, and what approach should be taken for vans and low volume OEMs.