Electric cars are in demand on the Leasing.com comparison site, and outperforming the general market for EVs
Reports in the media and the high cost of rapid charging points to EVs becoming too expensive. Is this really the case?
The Tesla Model Y was the leading model searched for as businesses looked for EVs to lease during Q3 said Leasing.com
Latest SMMT registration figures for August show structural changes in the market
SOGO Mobility says fleets should look at flexible leasing during a period of economic uncertainty
DMN Logistics is expanding its fleet of transporters to meet the growing demand for the movement of electric vehicles
Martin McTague, national chair of the Federation of Small Businesses, responds to ONS figures showing drop in GDP
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.