Growing popularity of electric or hybrid vehicles
While there are more electric vehicles on the market than ever – there were 450 models available in 2021, twice the number available in 2018 – the report highlights the
While there are more electric vehicles on the market than ever – there were 450 models available in 2021, twice the number available in 2018 – the report highlights the
Hybrid sales accounted for 20.6% of used car sales storming ahead of diesel which fell to third place for the very first time with 18.5%. Used petrol cars remained the
Likely spawned by management consultants during the dark days of Covid-19, the agency model has now been implemented in the real world by major OEMs. Mercedes launched theirs in January
Flexible ownership models include traditional and short-term rentals, Personal Contract Purchase (PCP), Personal Contract Hire (PCH), employee salary sacrifice schemes and car subscriptions, compared to traditional methods like outright ownership
Recent studies have shown that travel disruption and train strikes have led to higher preferences towards car usage and ownership. As people revaluate their travel options, Alphabet’s own research has found
While e-fuels are not available or affordable for general use today, there is a potential that it could be a viable longer-term option – even by 2035 when we have
Flexible methods being explored include traditional rentals (9%), carshare or short-term rentals (8%), employee salary sacrifice schemes (8%), or subscriptions (6%). This compares to only 7% of UK motorists in
April 30 is the deadline date when providers of finance products would issue reviews of their existing products, giving just a few weeks before the regulations take effect. Businesses will
Personal Leasing/PCH continues to gain traction, particularly in the new and nearly new markets. For suppliers, the appeal of optimising the lifetime value of people by promoting leasing is clear.
Closer matching of customer and finance should mean that fewer car buyers reach the point where they are making an application likely to be rejected. The detailed process of finding
Hybrid electric vehicles (HEVs) recorded the most significant growth of all fuel types, up 40.0%, followed by petrol, up 35.8% with a 56.9% market share, while diesel registrations fell by
Competitive offerings from Chinese OEMs have already made it more difficult for some western incumbent OEMs to compete in the Chinese automotive market. This was evidenced by the GAC-Stellantis Jeep
Microsoft has licensed ChatGPT technology to be incorporated into its search and browser products and, while no-one is talking seriously about Google’s grasp on this part of the market being
January registrations are a positive start to 2023, and a sixth consecutive month of growth shouldn’t be sniffed at, but the car industry should be under no illusions that the
Key is to have a fair and transparent panel of lender products to offer to customers, showing compliant processes and value to the end consumer. This will largely be reliant
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