Chinese car maker GWM ORA is partnering with International Motors for distribution in the UK
Lancashire leasing broker KeyFleet has won a deal to manage Craggs Energy’s fleet electrification process
Martin McTague, national chair of the Federation of Small Businesses, responds to ONS figures showing drop in GDP
Carparison leasing broker is bucking the trend for long lead times with next day delivery offer on the Tesla Model Y
Congratulations to Ryan Spencer who has been appointed head of salary sacrifice at CBVC Vehicle Management
The FCA has published new rules for Appointed Representatives who will require greater supervision by principal firms
GRIDSERVE has secured a £200m investment from Infracapital – the infrastructure equity investment arm of M&G Plc – to support its mission to deliver sustainable energy on the scale needed to move the needle on climate change.
FLEET and business sales have taken the brunt of the decline in new car registrations during 2022 as car manufacturers favour more profitable retail channels.
July saw new car registrations fall for the fifth consecutive month: a 9.0% drop and a total of 112,162 cars.
Year-to-date the total is 914,241, down 11.5% on 2021.
According to the SMMT, the fall was down to supply issues, particularly the ongoing shortages of semiconductors. The industry organisation has now downgraded its forecast for 2022 to a fall of 2.8% over 2021 which would mean a market total around 1.6 million new cars. However, to achieve that figure the market would have to stage a significant recovery from its current run rate.