Volvo Cars reported the strongest second-half sales numbers in the company’s history in 2020, fuelled by fast-growing demand for its electrified cars. The share of electric models more than doubled in 2020 compared with 2019, while in Europe EV sales accounted for 29% per cent of all its sales. Lex Kerssemakers, head of global commercial [...]

Consumer behaviour changed radically during 2020, with a huge shift online and between brands. New research carried out by BuyaCar also found that buyers were prepared to pay more for used cars, with prices fluctuating greatly but consistently trending upwards, and the online market is maturing as older drivers have opted for remote purchasing solutions. [...]

Assurant is partnering with The London Electric Vehicle Company (LEVC) to provide extended warranty solutions for its electric commercial vehicles. The new warranty proposition, LEVC One, will provide cover for more than 4,000 LEVC electric TX black cabs and VN5 electric van models on UK roads today, and will closely resemble the Original Equipment Manufacturer [...]

LEVC (London Electric Vehicle Company) has appointed its first dealer in Hungary. Gablini Automotive Group is located in the capital city of Budapest and will provide full sales and aftersales support for LEVC’s TX taxi and TX Shuttle and, from spring 2021, the brand’s new electric van, VN5. Joerg Hofmann, CEO of LEVC, said: “Hungary has [...]

The global automotive aftermarket market is expected to reach more than $519bn by 2026 with a CAGR of four per cent. This is according to a new study released by Polaris Market Research, which provides an extensive analysis of present market dynamics and predicted future trends. The key factors driving growth include the rising average age of vehicles, [...]