The company operates two UK factories dedicated to the production of battery-electric vehicles. The post Stellantis evaluating UK operations amid EV policy concerns, says CEO appeared first on Motor Finance Online ..read more

CaaS offering includes design and installation to management and financing of EV charging infrastructure. The post Siemens unveils Charging-as-a-Service solution in the UK appeared first on Motor Finance Online ..read more

KINTO UK, a fleet management company owned by Toyota Motor Europe, has appointed vehicle auction expert Aston Barclay as an… The post KINTO UK partners with Aston Barclay for vehicle remarketing appeared first on Motor Finance Online ..read more

Study finds that too few hotels provide EV charging facilities, with significant variations across different cities. The post Only 6% of UK city hotels offer EV charging: Drax EVs appeared first on Motor Finance Online ..read more

GlobalData’s 2023 UK Insurance Consumer Survey found that 30.4% of UK consumers would be happy to purchase motor insurance from a car manufacturer. The post KwikFit’s motor insurance policy highlights the threat of embedded insurance appeared first on Motor Finance Online ..read more

More than 70% of the cars manufactured were intended for international markets. The post UK car production dips in H1 2024 as manufacturers pivot to electric models appeared first on Motor Finance Online ..read more

With President Joe Biden stepping down from the presidential race and endorsing Vice President Kamala Harris, the future of US climate policy — and its impact on the motor finance sector — could undergo significant transformation. Harris, known for her stance on climate issues and regulatory actions, could drive the US towards more stringent environmental standards and innovative financial mechanisms for the automotive industry. As vice president, Harris was instrumental in promoting the Inflation Reduction Act (IRA), the largest climate spending law in US history. The IRA aims to reduce green ..read more

The average price of a three-year-old used electric car has dropped by 43.8% over the past 18 months, according to INDICATA UK’s latest Market Watch report. In June alone, used EVs saw a price decline of 2%, pushing them closer to price parity with internal combustion engine (ICE) vehicles across various sectors. Overall, UK used car prices remained relatively stable in June, with a minor decline of 0.1%, indicating a levelling off after a 16.5% drop since January 2023. Falling prices have spurred increased demand for used EVs, which aligns more closely with supply. Market Days’ Supply (MDS ..read more

Renault Group’s financial results for the first half of 2024 underscore a record-breaking performance, driven notably by the robust contribution from Mobilize Financial Services. The sales financing arm of the Group contributed €593 million to the Group’s operating margin, marking an increase of €75 million from H1 2023. This boost was mainly due to strong customer financing growth and the absence of negative impacts from swaps valuation that affected the previous year’s results. Mobilize Financial Services is the finance company for four major UK brands: Renault, Dacia, Nissan, and Alpine. It ..read more

UK-based automotive logistics company Ecomotive Logistics has expanded its operations with the launch of a new pre-delivery inspection (PDI) centre under its division, Eco Fleet Solutions. Situated in Rugby, Warwickshire, the new facility aims to provide comprehensive pre-delivery support to manufacturers and dealer groups across the UK. The centre is said to be strategically located to leverage the proximity to central motorway networks, enabling Ecomotive to deliver a range of services nationwide. These services include PDI for new vehicles, health and safety checks for pre-owned vehicles, a ..read more