Used EV sales soar as drivers look to curb fuel costs Tech Second-hand electric car sales have hit record highs in the first three months of the year, as improving consumer confidence and rising fuel prices pushed more buyers toward used EVs. According to new figures from the Society of Motor Manuacturers and Traders (SMMT), just shy of 87,000 used battery EVs changed hands during that period [...]
Auto Trader: Brits turn to older cars amid ‘economic uncertainty’ Transport and infrastructure Brits are turning their backs on new cars choosing to buy more older models amid “ongoing economic uncertainty”, according to FTSE 100 giant Auto Trader. The Manchester-headquartered company said a “standout trend” of 2025 so far is the “growing appetite for affordable used cars”, particularly those aged between five and 10 years old. Auto Trader has [...]
Arnold Clark counts the cost of Rachel Reeves’ tax hikes Transport and infrastructure Car dealership giant Arnold Clark has revealed the tax hikes announced by Rachel Reeves in her first Budget as Chancellor will cost it an extra £30m a year. The Glasgow-headquartered group said the increase in employer’s National Insurance contributions and the rise in the National Minimum Wage will mainly be responsible for the rise. Arnold [...]
Toyota braced for motor finance pay out as ruling nears June 18, 2025 Toyota has set aside millions in case the Supreme Court rules the company and the wider industry should pay customers compensation when it delivers its verdict on the motor finance saga in the coming weeks. The UK-based financial services arm of the car giant has earmarked the funds to shore itself up in the eventually [...]
