VED road tax
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Market Insight 12 Mar
Chancellor’s 2020 Budget: the automotive sector reaction
Automotive retail sector analysts suggested that the limited eligibility of many business benefits announced in Chancellor Rishi Sunak’s Budget 2020 could limit the advantages for the automotive retail sector.
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Opinion 11 JunCar dealers' 2018 market awareness shows 'worrying' lack of WLTP emissions test knowledge – guest opinion
With many automotive retail businesses entering 2018 with some nervousness and caution, the market has remained remarkably buoyant for the first four months of the year.
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Market Insight 23 MayUK contributes to 9% European new car registrations growth in April
The UK was once again able to contribute to new car registrations growth in the European market as the region saw volumes rise by 9% overall.
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Market Insight 12 AprWLTP vehicle emissions changes to ‘result in higher purchase and ownership taxes’
Jato Dynamics has concluded that changes to vehicle emissions test standards across Europe are set to “result in higher purchase and ownership” costs for motorists.
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Market Insight 13 MarChancellor attempts to placate 'white van man' with Spring Speech 2018 plan
The Chancellor of the Exchequer vowed to champion “the great British white van driver” with a review of VED rates and brought forward the business rates review in his Spring Statement 2018. In a speech in the Commons which laid out GDP growth and reducing debt levels predicted by the latest OBR reports, the Philip Hammond said that he aimed to “champion business” with the measures. Addressing the house, he said that a review of business rates would now take place in 2021 in a move that would also usher-in “triennial reviews from then on”. He said this came on top of a review of business rates, which resulted from the Autumn Budget, which he claimed would reduce rates for small business by over £10 billion. An £80 million fund was also announced to help small businesses in their recruitment of apprentices in light of the introduction of the Apprenticeship Levy last year. Mr Hammond said that the move had come in recognition of the “changes the system represents”. In a move that the chancellor would “help the great British white van driver”, the Chancellor said that a review of VED road tax would look to bring in a reduction in expense for the greenest commercial vehicles. The OBR’s latest predictions for economic growth in the UK were revised up from 1.4% to 1.5% for 2018, with 1.3% growth in 2019 and 2020 before a rise to 1.4% in 2021 and 1.5% in 2022. Paul Johnson, at the Institute for Fiscal Studies, moved quickly to dispel any suggestion that the revised forecast was worthy of celebration, however. In a Tweet posted during the Chancellor’s speech, he said: “Against a long term trend of at least 2% a year growth, after poor growth since 2008, and compared with growth across rest of OECD, these are not encouraging forecasts.”
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Market Insight 22 Nov
Budget 2017: Diesel car taxes could dent sales further
Diesel car buyers could be put off a new purchase after new tax measures announced in Philip Hammond's 2017 Autumn Budget added upto £300 to the first year VED rate.
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Market Insight 14 Nov
Diesel's fate a 'done deal' ahead of 2017 budget
Diesel vehicles' fate is sealed according to car retailers speaking ahead of a government budget which is likely to a strict new tax regime for vehicles powered by the fuel.
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Market Insight 5 AprRecord March new car registrations as buyers sought to beat the Government's VED hike
Well over half a million new cars were registered in March 2017, setting a new record, as dealers delivered new vehicles ahead of the punitive new VED regime
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Market Insight 27 MarApril's top 10 VED road tax change losers revealed
Some models will command almost 25 times more tax than before under the new VED road tax rules introduced on April 1, according to What Car? magazine.
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Opinion 20 MarGuest opinion: Is diesel doomed? Fuel duty could spell sales crash
It’s a huge market – almost 40% (12 million) of the more than 30 million cars in the UK are diesels. But could we now be seeing the end of the road for this fuel type?
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Latest News 17 MarMotorpoint undercuts franchised dealers with imported Volkswagen Golfs
Motorpoint has imported 100 pre-registered Volkswagen Golfs in a bid to allow its customers beat the incoming VED road tax changes.
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Market Insight 1 MarMarch set to ‘dominate’ sales cycle, says Cap HPI
March is set to "dominate" 2017 in new car sales terms as a growing trend for record monthly sales comes to a head, according to analysis by automotive data experts Cap HPI.
