Page 40 - Ian Plummer News Today

Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes has said the economic outlook, cost-of-living crisis and anxiety over new technology mean the new car market remains ‘fragile’, despite 14.7% January growth.

Former Inchcape chief executive James Brearley has told the AM News Show podcast that he was “quite flattered” to be linked with the Marshall Motor Group CEO role formerly held by Daksh Gupta.

The Bank of England has raised interest rates by 5ppts to 4% – their highest level since October 2008.

Global shortage of semiconductors continues to strangle production

Of the 36,752 public charging points available in the UK, 11,515 were in Greater London compared to 1,106 in the North East, latest figures show.

Of the 36,752 public charging points available in the UK, 11,515 were in Greater London compared to 1,106 in the North East, latest figures show.

Demand for electric vehicles (EVs) in the United Kingdom has dropped for the first time since 2020 as soaring electricity costs make the vehicles far too costly to operate. British automobile [...]

Auto Trader has raised concerns that the electric vehicle (EV) market is "on thin ice" after the cost-of-living crisis sparked the first post-pandemic decline in demand for zero-emission transport.

Stock shortages are expected to trigger a 3% decline in used car sales during 2023, despite a 19% uplift in new car registrations, according to Auto Trader.

Adviser for The Car Expert warned high interest rates on mortgages and soaring utility bills could force drivers to abandon their loans