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New car sales in EU fell by 5.2% in March 2024
The European Union car market experienced its first decline of the year in March 2024, with new car sales falling …
Tesla shareholders to decide on Musk’s $47.8bn pay package and Texas move
According to the Financial Times, Tesla has proposed relocating its state of incorporation from Delaware to Texas, following a Delaware …
Liquid Fleet achieves record Q2 used car sales amidst buoyant market conditions
Fleet Procurement and management company Liquid Fleet reported record used car sales in the first quarter of 2024 selling almost …
BCA reports stable used car values in March
Used car values remained stable for the third month running, averaging £7,522 in March, down just £42 (0.6%) compared to …
Rising motor insurance costs in UK sparks flurry of complaints, says FCA
Britain's financial services watchdog has revealed that the rise in motor insurance costs has triggered a wave of complaints as …
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Volvo’s vision and navigating the shift to EVs
Volvo Cars' recent decision to cease production of diesel models marks a significant milestone in the automotive industry's transition towards …
Tesla faces threat to European BEV lead amidst rising competition
Tesla's dominance in the European battery-electric-vehicle (BEV) market may be in jeopardy as the overall market share for BEVs is …
Volvo approves leases faster using FICO Platform
Volvo Cars has improved its customer onboarding process across diverse segments following its collaboration with global analytics software provider FICO, …
China’s Chery Automobile partners with Octopus to enter UK car rental market
Chinese state-owned carmaker Chery Automobile has forged a strategic partnership with UK-based Octopus Electric Vehicles to lease its Omoda electric …
Knowledge sharing puts finance sector among best for cybersecurity – expert
The culture of knowledge sharing for cybersecurity within financial services has made it among the most digitally secure, according to …
Polestar achieves 9% reduction in GHGs per car sold in 2023
Polestar, the Swedish electric performance car brand owned by Volvo and renowned for its electric vehicles (EVs), has released its …
Which? exposes APRs up to 40% for monthly car insurance payments
Which? investigators uncovered that certain car insurers apply APRs as high as 39.11%, with an average rate of 23.37% across …
Inchcape seals £346m deal to sell UK dealership business to Group 1
Inchcape has signed a definitive agreement to offload its UK automotive retail operations (Inchcape UK) to Group 1 Automotive for …
Almost one in 20 motor finance customers identified as vulnerable as FCA announces new review
Almost one in 20 motor finance customers have been identified as vulnerable by iVendi as the Financial Conduct Authority (FCA) …
72% of dealers believe trend is developing against agency model
Almost three-quarters of dealers (72%) believe that there is a trend developing against manufacturer agency models, new research shows. April’s new …