Fleets face having to spend an extra £2.8 billion on EVs over the next five years, with 'no deal' set to increase plug-in vehicle costs by thousands of pounds.
There were 166,678 new company cars registered with fleets and business in September, according to new figures published by the SMMT.
The latest figures released by the Society of Motor Manufacturers and Traders (SMMT) showed that registrations in August declined by 5.8%, suggesting another very disappointing month for the industry.
Plans to help protect jobs announced by the Chancellor, Rishi Sunak, have been welcomed by the fleet and leasing industry.
Automotive companies from across the UK and EU are calling for an ambitious free trade deal, warning ‘no deal’ will have a catastrophic impact on the industry.
New car registrations declined by 5.8% in August, leaving the market almost 40% down year-to-date.
Concerns about Level 3 technology and automated lane-keeping systems
The used car market halved in quarter two, but year-to-date decline and recent used car sales show the sector is recovering.
Fleet and business new car registrations showed little sign of recovery in July, but pent-up demand from private motorists provided some good news for carmakers.
Clock ticking on negotiations with Europe as UK bids to avoid car and van price increases.
The Chancellor's summer economic plan introduced a range of measures to help the UK economy recover from the impact of the coronavirus.
Fleet and business new car registrations show signs of recovery, but private demand is far greater, new figures from SMMT show.
A third of employees working in the auto industry are still on furlough and up to one in six jobs are at risk as a result of Covid-19.
New car registrations took another blow in May, as the Coronavirus pandemic continues to cripple the car industry.
UK car production fell to its lowest level since the Second World War in April, down -99.7%, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
A Freedom of Information (FOI) request submitted by MoneySuperMarket has revealed that more than 3m (3,025,345) cars and vans had their MOT extended since March 30.
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
The Government has confirmed that car dealerships will be allowed to reopen on June 1, as part of Coronavirus lockdown easing.
The Society of Motor Manufacturers and Traders (SMMT) and the National Franchised Dealers Association (NFDA) have issued guidance for the safe reopening of car retail sites.
The used car market has suffered a decline of 8.3% amid the Coronavirus pandemic, according to new data from the Society of Motor Manufacturers (SMMT).
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