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....50 per Mwh, about twice the wholesale price of electricity. The government’s pledge to ban new petrol and diesel car sales from 2040 was welcome because it would create extra demand for power, he said, but it would be a “bit odd” if vehicles were powered by a fossil fuel such as coal. ... [Read full article on Guardian ]
Sunday 13th of August 2017 04:39:07 PM
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....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 03:16:50 PM
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Latest Finance News related to Car Sale

UK car buyers turn to secondhand vehicles image
Source : Guardian [Read Article] Wednesday 16th of August 2017 03:16:50 PM
....There was an 8% drop in lending extended for new vehicles, in a move that could alleviate concerns over a credit bubble in motor finance. Booming car sales helped by financing deals have troubled the Bank of England, which sounded the alarm in July over consumers racking up debt they may find difficult to pay back in future. ...
Rise of electric car solves little if driven by fossil fuels, warns windfarm boss image
....50 per Mwh, about twice the wholesale price of electricity. The government’s pledge to ban new petrol and diesel car sales from 2040 was welcome because it would create extra demand for power, he said, but it would be a “bit odd” if vehicles were powered by a fossil fuel such as coal. ...
Brexit uncertainty blamed as UK car sales fall for fourth month image
Source : Guardian [Read Article] Friday 4th of August 2017 10:06:43 AM
. New car sales in the UK have fallen for the fourth month running, as Brexit uncertainty weighs on demand and buyers shun diesel cars in greater numbers. ...
Carmakers’ electric dreams depend on supplies of rare minerals image
Source : Guardian [Read Article] Saturday 29th of July 2017 03:00:00 PM
.... Transparency Market Research estimated the global lithium-ion battery market at $30bn in 2015, rising to more than $75bn by 2024. Morgan Stanley analysts expect global car sales to rise by 50% by 2050 to more than 130m units a year, and estimates that electric vehicles will account for at least 47% of that total. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
....The survey, for insurance firm Aviva, also showed that, after VW’s emission scandal and amid concerns over pollution, drivers are turning away from diesel: 68% said their next car would be petrol, with only 21% choosing diesel. New car sales are currently split roughly half and half between petrol and diesel. ...
The UK’s Brexit negotiators are powered by little more than hope image
Source : Guardian [Read Article] Saturday 22nd of July 2017 04:00:42 PM
.... The UK, already converged, can only lose. Rutter recognises that Fox and the other gamblers in government may prove to be right and, for the sake of a few car sales, the EU will roll over, but she warns “it would be foolish for the UK to base its economic future on that hope”. ...
Electric cars to account for all new vehicle sales in Europe by 2035 image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:33:41 AM
....The forecast is much more aggressive than most other projections, such as the UK’s National Grid which on Thursday said it expects 90% of new cars in Britain to be electric by 2050. France’s commitment last week to banning new petrol and diesel car sales by 2040 suggests it also thinks the roll-out of electric vehicles will be slower than ING’s report expects. ...
Electric cars will fuel huge demand for power, says National Grid image
Source : Guardian [Read Article] Thursday 13th of July 2017 04:30:44 AM
....The forecasts are contained in the grid’s Future Energy Scenarios report, published just days after Volvo said all its new cars would be electric or hybrid from 2019 and France pledged to ban sales of new petrol and diesel cars by 2040. “Electric vehicles are coming – how quickly is the question,” said Roisin Quinn, head of strategy at National Grid, adding that she expected battery-powered car sales to take off in the mid-2020s. ...
Spending falls at fastest rate for four years as consumers tighten belts image
....The Visa report is the latest sign that consumers are growing more reluctant to commit to big spending decisions. New car sales in the UK fell for a third month in June, according to the Society of Motor Manufacturers and Traders, ending five years of solid growth. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
....There are now 2m globally, out of more than 1bn cars in total, showing the mountain that still needs to be climbed. Bloomberg predicts 41m electric car sales a year in 2040, while BP this year revised its prediction upwards by 43m to a total of 100m on the roads by 2035. ...
UK car sales fall in June for third month in a row image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:54:18 AM
. New car sales in the UK went into reverse for a third month in June in the latest sign that consumers are becoming increasingly reluctant to commit to major spending decisions. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
.... In Norway, the International Council on Clean Transportation found, pure electric models accounted for 15. 7% of new car sales in 2016. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....British households are cutting back as the Brexit effect on the pound continues to raise living costs, according to a clutch of reports that show shops, car dealerships and other consumer-facing businesses coming under pressure last month. Uncertainty about the outcome of Thursday’s election was also cited as a factor as the reports showed a drop in retail sales, a slowdown for the vast services sector and a fall in new car sales last month. ...
UK car production fall blamed on late Easter image
Source : BBC [Read Article] Thursday 25th of May 2017 07:27:24 AM
....5%, which has helped to offset a 7% drop in demand from the UK. Figures released earlier this month from the SMMT also showed a sharp fall in car sales in April. ...
UK car production falls at fastest rate in more than two​-​and​-​a​-​half years image
....“Car production fell significantly in April due to the later Easter bank holiday weekend, which reduced the number of active production days that month, and also due to unplanned production adjustments,” said Mike Hawes, chief executive of the SMMT. The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. ...
Aston Martin roars back into profit as DB11 revs up sales image
Source : Guardian [Read Article] Wednesday 24th of May 2017 05:41:58 PM
....The DB11, the first model Aston Martin has launched under a technology partnership with Daimler, accounted for the majority of 1,203 vehicles sold during the period. Its popularity boosted car sales by 75%, doubled revenues to £188m and turned the £30m loss suffered in the first quarter of last year into a £5. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
.... The Society for Motor Manufacturers and Traders warned in November car manufacturing was at risk of “death by a thousand cuts” if companies choose to invest in other countries. New car sales fell 20% to 152,076 in April compared with a year earlier. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
.... And loans have turned in recent years into leases that have customers renewing contracts every three years, keeping them in effect permanently hooked. The main consumer regulator for the financial services industry, the Financial Conduct Authority, is reviewing the market for car leasing, which now accounts for more than 90% of car sales, to check for mis-selling to poorer households who will be vulnerable to default. ...
Car finance deals soar to new record image
Source : BBC [Read Article] Friday 12th of May 2017 10:21:27 AM
....5bn on car finance deals in the year to March, the FLA said. March was a record month for car sales as a whole, as it came ahead of changes to Vehicle Excise Duty in April. ...
UK high street sales weak as shoppers focus on buying essentials image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
.... Retail sales were 1. 8% lower in March than in February, the Society of Motor Manufacturers and Traders said new car sales were almost 20% lower in April than a year earlier, while the Halifax said house prices in April – the start of the spring housebuying season – fell 0. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
.... Cash purchases for the legion of souped-up shiny 4x4s, SUVs and estate cars that populate Britain’s streets are almost unknown. The boom in debt-financed car sales stems from the convergence of ultra-low interest rates and falling oil prices, which almost halved in 2014. ...
New car registrations dive 20% after tax increase image
Source : BBC [Read Article] Thursday 4th of May 2017 10:44:38 AM
....4%) came from private buyers, who are seeing prices rise faster than their wages. That could be an indication of more subdued car sales ahead. ...
UK unprepared for surge in electric car use, thinktank warns image
Source : Guardian [Read Article] Wednesday 19th of April 2017 11:01:11 PM
....Distribution network operators, who connect the national grid at a local level to homes and businesses, fear clustering of electric cars, but say such hotspots have not yet become a serious problem for their infrastructure. However, the Green Alliance noted that electric car sales were up 56% last year on 2015 figures, and said falling costs would drive a rapid uptake. ...
UK new car sales speed to record high image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:14:46 AM
. New car sales in the UK hit an all-time high last month, with more than half a million vehicles registered, including a record number of diesel models. ...
Record UK car registrations in March image
Source : BBC [Read Article] Wednesday 5th of April 2017 08:17:31 AM
.... Meanwhile, imported cars are likely to become more expensive because of the fall in value of the pound, he points out. "There may have been an element of a last hurrah in March's record car sales performance," he said. ...
VW and Tata agree partnership to boost sales in India image
Source : BBC [Read Article] Friday 10th of March 2017 12:27:03 PM
. VW and Tata have agreed to form a strategic partnership to help both companies boost economy car sales in India and emerging markets. ...
Rethink rates now or face retail disaster, shops tell chancellor image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:01:35 AM
....A report from the British Retail Consortium and KPMG found that the spurt in consumer spending seen in the run-up to Christmas had come to an abrupt halt, with the result that non-food sales are falling for the first time since the economy was flirting with a double-dip recession in November 2011. Further evidence that consumers are becoming more cautious was provided by the the Society of Motor Manufacturers and Traders, which released figures on Monday showing a drop of more than 4% in private car sales last month. ...
Sadiq Khan: government must pay drivers £3,500 to scrap diesel cars image
Source : Guardian [Read Article] Sunday 12th of February 2017 07:05:00 AM
.... “The toxic state of our air leaves us with no choice but to rid our city of the most polluting diesel vehicles. It is shocking that nearly half of new car sales in the UK are still diesel vehicles and the national system of vehicle excise duty still incentivises motorists to buy these polluting cars,” Khan said. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
....Under these cheap leasing deals, buyers pay a small deposit and then commit to making a monthly payment for the next three years with the option to buy or hand back the car at the end. The rise of PCPs helps to explain rocketing car sales in Britain despite flat or falling household incomes. ...
Energy companies have 'abusive relationship' with customers, says MP image
Source : Guardian [Read Article] Tuesday 31st of January 2017 04:21:30 PM
.... That doesn’t mean there isn’t still work to do,” he said. However, Dan Hopcroft, residential sales director at EDF Energy, said branding the major energy providers “dismal” and on a par with used car salesmen was unfair. ...
UK car sales at record high in 2016 image
Source : BBC [Read Article] Thursday 5th of January 2017 07:45:28 AM
....Sales to consumers suggest a very different story. After a strong start, private car sales fell throughout most of the year. ...
Next shares slump after gloomy 2017 forecast and unfestive figures image
Source : Guardian [Read Article] Wednesday 4th of January 2017 08:23:01 AM
....Its chief executive, Simon Wolfson – a prominent Vote Leave campaigner, said consumers were buying less clothes and instead spending their money on leisure activities: “Clothing has had a good run. It had a soft landing during the credit crunch when things like car sales were hit harder but now there is a shift away from clothing to more experiential based spending like eating out, holidays and visitor attractions. ...
Ford cancels plans for Mexico plant as Donald Trump threatens to tax GM image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 02:49:16 PM
.... Instead the company will add 700 jobs at a cost of $700m to a US plant in Michigan, the company announced, as part of its planned expansion of electrified and automated vehicles. Ford warned shareholders in September that prospects for 2017 were grim and car sales were likely to decline. ...
Sweden's best-selling car not a Volvo image
Source : BBC [Read Article] Tuesday 3rd of January 2017 01:14:56 AM
....Sweden is Volvo's second-biggest market behind China. The Swedish carmakers' association said 2016 saw record car sales with 372,000 new registrations, up by 8% on the 2015 figure, helped by a strong economy, while truck sales were up by more than 15%. ...
Investors ready for the festive stock market ‘Santa rally’ image
Source : Daily Express [Read Article] Tuesday 6th of December 2016 06:45:00 PM
....The weaker pound has helped to boost exports, business investment is growing faster than expected, and UK retail sales grew once again in November, boosted by Black Friday. New car sales are set to hit a record high by the end of this year, according to the Society of Motor Manufacturers and Traders, beating last year’s figure of 2. ...
Growing business fleet demand fuels rise in new car sales image
Source : Guardian [Read Article] Monday 5th of December 2016 10:48:04 AM
. New car sales in the UK continued to rise last month as growing demand from businesses made up for falling demand from private buyers. ...
Cars could cost £1,500 more after single market exit image
Source : Guardian [Read Article] Tuesday 29th of November 2016 09:00:00 PM
....Britain’s car industry has enjoyed a period of strength over recent years, as cheap finance deals and more efficient models attract consumers. New car sales are on course for a fifth consecutive year of growth in 2016, and 2015 marked a 10-year high for car manufacturing. ...
US retail sales see strong growth image
Source : BBC [Read Article] Tuesday 15th of November 2016 03:21:50 PM
. Retail sales in the US rose faster than expected in October, helped by strong car sales, figures have shown. ...
In interesting times, we’re stuck with a dull and cautious chancellor image
Source : Guardian [Read Article] Sunday 6th of November 2016 07:00:09 AM
.... Consumer confidence has started to fall again after a brief recovery in August and September. Sales of private car sales, for so long the engine of the economy, have fallen in every month since April. ...
UK new car sales rose by 1.4% in October image
Source : Guardian [Read Article] Friday 4th of November 2016 11:29:53 AM
. New car sales in the UK continued to rise last month as strong growth in businesses buying company vehicles outweighed falling demand from private buyers for a seventh month. ...
'Pre-reg' cars now widespread in UK image
Source : BBC [Read Article] Thursday 27th of October 2016 11:58:28 PM
....". There is also concern that the pre-registration market could skew new car sales figures, as they are not actually on the road. ...
VW sales lifted by strong deliveries in China image
Source : BBC [Read Article] Friday 14th of October 2016 11:10:35 AM
.... Brazil is in the throws of a large-scale corruption scandal, which has seen its president, Dilma Rouseff, impeached and removed from office. A separate report from the European carmakers' association, ACEA, said that European car sales grew by 7% last month to 1. ...
UK new car sales hit record high for September image
Source : Guardian [Read Article] Wednesday 5th of October 2016 12:45:42 PM
....Britain’s car industry enjoyed a record September for new vehicle sales, but said Brexit uncertainty could weigh on future demand. The new 66 plate helped to lift new car sales by a modest 1. ...
UK new car sales rise in September image
Source : BBC [Read Article] Wednesday 5th of October 2016 09:44:39 AM
. UK new car sales rose in September, helped by strong purchases from fleet buyers and the new 66 number plate. ...
Second-hand car sales hit record level in first half image
Source : BBC [Read Article] Monday 22nd of August 2016 11:13:44 PM
....It was also higher than the 3% rise in first-half sales of new cars. The trade body's figures show that in the first five years following the 2008 financial crisis, and the subsequent economic recession, second-hand car sales fell sharply, and then stood still. ...

Lookers to sell parts business for £120m as it focuses on car sales
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 05:50:13 PM
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Growth in new UK car sales slows in July image
Source : Guardian [Read Article] Thursday 4th of August 2016 10:03:57 AM
. Further signs that the Brexit vote is depressing consumer confidence have arrived with a brake applied to previously booming car sales. ...

Brexit puts brakes on auto industry as new car sales slow
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Source : Telegraph [Read Article] Thursday 4th of August 2016 09:40:35 AM
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Injured pensioner seeking help calls wrong number - and stranger comes to her rescue
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. A car sales manager from Blyth in Northumberland has been praised for his kindness after coming to the aid of an elderly woman who’d been injured in a household accident. ...

European car sales race past pre-crash high, but motorists shun VW
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Source : Telegraph [Read Article] Tuesday 26th of July 2016 02:09:56 PM
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US regulators investigate Fiat Chrysler sales reports image
Source : BBC [Read Article] Monday 18th of July 2016 07:31:04 PM
.... . The dealer, Napleton Automotive Group, said the firm encouraged dealers to lie about monthly car sales and offered the boss of Napleton $20,000 (£15,000) in exchange for falsely reporting the sales of 40 new vehicles. ...
UK car sales fell ahead of EU vote image
Source : Guardian [Read Article] Wednesday 6th of July 2016 09:51:09 AM
....For the month of June, it was the first fall in five years. Mike Hawes, the SMMT’s chief executive, said it was too early to tell what impact the vote to leave the EU would have on car sales, but said the government must do all it could to shore up confidence. ...
New car sales fall 0.8% in June image
Source : BBC [Read Article] Wednesday 6th of July 2016 09:43:47 AM
....It added it was too early to tell if the result of the referendum had affected sales. The fall in new car sales was the first since October 2015 and only the second monthly fall since February 2012. ...
Five threats to American prosperity tie the hands of its banker-in-chief image
....Yellen would be unwise to dismiss concerns over an impending crash in China when President Xi Jinping himself has highlighted the risks of a growing debt mountain. For now in China, with car sales accelerating and imports showing signs of improvement, domestic demand appears to be picking up and supporting growth. ...
Suppliers cash in on car boom image
Source : Daily Express [Read Article] Tuesday 7th of June 2016 08:17:00 AM
....9 per cent on the previous year. New car sales in Britain continued to grow last month, up 2. ...
UK new car sales continue to rise but at slower pace image
Source : Guardian [Read Article] Monday 6th of June 2016 11:39:15 AM
. New car sales in the UK have continued to grow but at a slower pace than previous months amid signs of falling demand from some business and private customers. ...
VW profits down 20% after diesel emissions scandal image
Source : Guardian [Read Article] Tuesday 31st of May 2016 10:56:13 AM
. Volkswagen’s profit tumbled nearly 20% at the start of this year as car sales continued to fall in the wake of the diesel emissions scandal. ...
Merlin could exit FTSE in reshuffle image
Source : Daily Express [Read Article] Monday 30th of May 2016 08:58:00 AM
Companies ‘missing a trick’ on stock market flotations image
Source : Daily Express [Read Article] Sunday 15th of May 2016 04:59:00 PM
.... . Recent flotations that sidelined retail investors include the AA, car sales website Autotrader, online takeaway business Just Eat, challenger bank Virgin Money and property website Zoopla. ...
Motorpoint speeds ahead after netting £100million windfall image
Source : Daily Express [Read Article] Saturday 14th of May 2016 11:21:00 AM
....1 per cent growth and 4 per cent at Ford. New car sales across Europe enjoyed their highest growth since April 2008, with registrations up 9. ...
Belt-tightening dents private vehicles sales image
Source : Daily Express [Read Article] Saturday 7th of May 2016 12:13:00 PM
. Concerns that consumer belt-tightening is spreading beyond retail spending increased as private car sales dipped 2. ...
UK car registrations hit highest April level for 13 years image
Source : Guardian [Read Article] Friday 6th of May 2016 10:14:55 AM
....Some 189,505 cars were registered during the month, up 2% on the same month last year and the highest number recorded for April since 2003, said the Society of Motor Manufacturers and Traders (SMMT). Related: UK records highest monthly car sales in almost 20 years. ...
New car sales in Europe rise to near pre-crisis levels image
Source : Guardian [Read Article] Friday 15th of April 2016 11:42:51 AM
. New car sales rose again in Europe last month, close to levels last seen in March 2007, before the financial and economic crisis hit the car industry. ...
European car sales rise in March image
Source : BBC [Read Article] Friday 15th of April 2016 07:04:21 AM
. European new car sales last month rose by 5. ...
'Car makers know they have a problem': the startup giving power to buyers image
Source : Guardian [Read Article] Wednesday 13th of April 2016 09:59:40 AM
....To date, the new car market has been a huge success. In three years, CarWow has powered 25,000 car sales worth £600m – on which the site makes an undisclosed commission – through 1,500 dealers. ...
Home production economy worth £1tn a year image
Source : Guardian [Read Article] Thursday 7th of April 2016 02:24:15 PM
....Another significant change is the value put on “transport services” provided by households. This week record car sales were reported, jumping to more than 500,000 in March alone, yet the number of miles driven by households – to go to work or the shops, collecting children from school, etc – remains significantly below the levels recorded a decade ago. ...
New car sales hit record high: Top 10 most popular models revealed image
Source : Daily Express [Read Article] Wednesday 6th of April 2016 12:03:00 PM
....Top of the best sellers was the Ford Fiesta, which has also been the most popular model of the last year, showed the SMMT data. Volkswagen car sales also last month turned around a five month decline that had set in after the diesel emissions scandal broke last year. ...

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