Motoring Podcast - News Show

NEW CAR REGISTRATIONS FEBRUARY 2025The Society of Motor Manufacturers and Traders (SMMT) has published the latest new car registration figures. Once again it is not great news overall, with a 1.0% decrease. However, BEVs are up 42% year-on-year but this is just 6253 extra electric cars. For the first time since October 2023 Private rose, but only marginally as Fleet decreased but is still doing all the heavy lifting. Interestingly Tesla registrations rose 21%. To read more, click this link to SMMT’s post. MOTABILITY POSTS BIG LOSSES FOR 2024Motability, the UK’s biggest fleet operator, that supplies cars to those who qualify for disability payments, posted a loss of more than £565 million for 2024. This is a huge drop from 2023, when they had profits of £748 million as well as a rise in revenue of 24%. Blame is being put on insurance, servicing and new car costs rising dramatically, with the additional penalty of depreciation being more than expected. If you want to find out more, click this Autocar article he