Car Market has grown for 3 Consecutive Years

Growth

During February the new car market grew by 12% and fleet and business managers accounted for just under 60% of these new registrations, in fact, the accounted for 45,519 units. This means that February was the 36th month in a row that the new car market continued to grow which shows very positive signs for the economy. According to the Society of Motor Manufacturers and Traders this is the first three consecutive years of growth for the UK. The last record that was set was back in the 1980s where there were 26 consecutive months with continued growth.

Since the beginning of 2015 there have been 143,287 vehicle registrations for fleet and businesses which is great news in terms of growth for the industry. According to Fleet News Mike Hawes, who is the chief executive at the Society of Motor Manufacturers and Traders has said, “Three years of continuous growth in the new car market is remarkable and reflects the strong upturn in the confidence of UK car buyers since the recession. (more…)

The Geneva Motor Show 2015

Image of Ferrari BadgeThis year marks the 85th anniversary of the Geneva Motor Show and it is expected to be as spectacular as ever. All of the major brands including Aston Martin, Audi, Mercedes and many more will be appearing at the show with their new and improved vehicles. At the press preview event on Monday some of the main vehicles in this year’s show were debuted including the Bentley EXP, Audi R8 and Vauxhall Viva. We have previously written about The Most Expensive Celebrity Cars however even some of those don’t compare to the new cars seen at The Geneva Motor Show! (more…)

Are Black Cabs being squeezed out of the Market?

Image of London TaxiWith the introduction and advancement of any form of new technology there comes a change, a change which usually leads to those who use the old system losing out. This is what we are currently experiencing in the UK taxi trade as the introduction of taxi Apps such as Uber have led to traditional taxi drivers being squeezed out of the market. (more…)

The Best Executive Cars of 2015

Image of Mercedes E ClassEvery fleet owner, especially a business fleet owner wants their selection of cars to be smart and professional. It can be very difficult to find attractive looking cars that are also fuel efficient and cheap. However, Auto Express have put together some of the best executive cars of 2015. (more…)

Used-Car PCPs positive news for Dealers and Customers

Image of financeA Personal Contract Purchase (PCP) is a type of car financing where you don’t pay for the entire cost of the car just for the depreciation, meaning you are essentially borrowing the car but only repaying a portion of the cost. However, PCP agreements still have a balloon payment at the end and there are several different ways of dealing with this. Fortunately for both motor traders and customers, a new type of dealer PCP finance for used cars will soon be brought in, helping them compete better in the market. We previously spoke about bargain deals for motor traders in 2015 so hopefully the used-car PCP scheme will be of help too. (more…)

Uber continues to expand across Europe

 

Image of Uber Logo

In a move that may displease some taxi drivers, the controversial taxi App Uber has announced that not only are they planning on offering their services in Scotland but that they are also launching a new service delivering takeaways. Even though numerous countries across the world have criticised Uber drivers for their lack of skills and safety it seems as though this has done little to stop the company expanding at a rapid pace.

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