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NEWS
See below for our most recent news, articles and reports
How many cars didn’t sell in 2020 and 2021?
1.5 million cars. You could argue that’s how many DIDN’T sell in the UK in 2020 and 2021. This is comparing the average of 2.4m for the three preceding years to the 1.6m registered in both 2020 and 2021. If we assume the cars we didn’t buy cost an average of £30,000...
Cars Registered in December
26% of all new cars registered in December were fully electric. I've read a lot about this on this forum, with a lot of commentators hailing it as the new normal. And it is good news. But is it the new normal? in my post on the subject, I started with the line...
A look into the cars registered in 2021
Clearly we need to be careful reading too much into 2021 UK new car registrations given the crazy year we’ve just had. A combination of COVID and chip shortages meant that overall only 1.65m cars were registered, slightly up on 2020 but well short of “normal”. In...
Government cut the plug-in grant
Staggered to report that the Government has cut the plug In grant to £1,500 (from £2,500) for cars costing £32,000 (down from £35,000) or less with immediate effect. We’ve posted three times in recent weeks about the need to keep the pressure up to get people to...
Our projected growth in BEVs
Approx 1% of the 31.7m cars on the road in the UK are now EV. 15% of cars registered in October were EV. At this rate of change, it got us speculating at HRUX how quickly we’d see the average car on UK roads being electric? We've produced the forecast below which...
Fuel duty has dropped
HMRC have published the fuel duty receipts to April 2021. Not surprisingly, given the pandemic, it's down year on year, but the amounts involved are eye watering. If you look at just the fuel duty the country lost £6.64bn in 2020/21. Add in the related VAT and the...
EV Cars Outsell Diesel
EV cars outsells Diesel (inc. MHEV) in October 2021 at 15% versus 11%. The graph below analyses SMMT new car registration data in each October for the last 6 years by fuel type. Interesting to note how petrol (again inc. MHEV) is hanging on it there. Increasingly we...
A conversation with the BVRLA on the Autumn budget
HRUX directors Chris Sewell and Harvey Perkins recently appeared on BVRLA’s "In Conversation With" Podcast speaking about Autumn Budget announcement with Thomas McLennan. We spoke about how the Budget will impact the industry and thoughts on what is to come in the...
SMMT registrations show a rise in EVs
Analysis of the SMMT registrations stats to the end of October shows the ongoing rise of the electric car, with sales nearly double that of the same period in 2020. Registrations of PHEVs are up 90% and BEV 86%. Diesel, including MHEV, is down a colossal 24%, with the...
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Copyright © 2019 HRUX. All Rights Reserved. Privacy Policy | Cookie Policy