All articles by Shivam Mishra
Shivam Mishra
Consumer car finance new business volumes dip in March 2024
The first quarter of 2024 reflected an overall downward trend in new business, with a 3% drop in value and a 4% fall in volume.
UK used car sales grow by 6.5% in Q1 2024
During the quarter, battery-electric vehicle sales surged by 71%, reaching 41,505 units.
UK online car retailer Cazoo discloses intent to enter administration
Cazoo cautioned that if certain subsidiaries enter liquidation, it would consider placing the entire group into administration.
Flock partners Acorn on connected insurance for UK taxi fleets
With vehicle telemetry data integration, the aim is to boost driver safety and incentivise safer driving via premium rebates.
UK’s Wayve secures $1bn for autonomous driving AI
The investment will facilitate the full development and launch of Wayve’s first embodied AI products for production vehicles.
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Toyota Kreditbank expands white label finance solutions for car dealers
The white label solution enables multi-brand retailers to customise financial products for their specific customer base.
KGM Motors UK appoints new customer service head
Keith Chaffe’s career in the automotive sector began as a vehicle technician, eventually leading teams in technical support services.
Close Brothers Motor Finance joins Zuto’s marketplace
This tie-up aims to enhance digital customer journey and access to Close Brothers Motor Finance’s products via Zuto’s platform.
New car registrations rise 10.4% in Q1, but ZEV mandate could hit supplies
Cox Automotive has revised its 2024 forecast for new car registrations, now predicting figures could surpass two million.
UK motor insurance premiums rise marginally in Q1 2024
Despite the modest uptick in premiums, insurers are facing escalating costs, with the average claim paid surging by 8%.