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Bit like snow - 7 July 2026

Bit like snow - 7 July 2026

Episode 694 Published 1 week, 2 days ago
Description

FOLLOW UP: MOTOR FINANCE COMPENSATION SCHEME PAUSED

In what should be a surprise to no one following the story, thanks to the legal challenges of the Financial Conduct Authority’s proposed compensation scheme for customers who were impacted by illegal practices by those who arranged their finance, that this has now been partially paused. Companies are to proceed with claims as far as they can before hitting the areas under review, as well as tell those where their claim has failed. If you wish to learn more, click this Motor Trader article link here.

JUNE 2026 NEW CAR REGISTRATION FIGURES

June 2026 recorded the most registrations since the pandemic hit. Battery electric vehicles (BEVs) rose to a market share of 30% for the month, but still only 25% year to date. There was also a jump in private registrations. The Top 10 most registered models has some surprising cars, especially with the claimed number of Tesla’s. The SMMT took the opportunity to highlight the difference between the mandate level and what the market is currently sitting at, for zero emission vehicles. For more on this, click the SMMT article link here.

SKYWELL IMPORTER SHUTS DOORS

The UK importer for the Chinese brand Skywell, has suddenly closed their doors Innovation Automotive told all staff they were redundant on 30 June. This leaves a lot of unanswered questions regarding warranties, the future of the brand in the UK and repairs. Click this Autocar article link here, for more.

Additionally, this also hits vans from DFSK as Innovation Automotive have failed to find a company to take over the warranty cover, parts ordering and repairs. To learn more about that, click this article link from Professional Van.

BMW UK & IRELAND FIND A NEW BOSS

BMW UK and Ireland has announced their new CEO, Neil Fiorentinos. He will take over the position 1 September 2026, following David George’s departure in January. To read more on this, click this Motor Trader article link here.

TESLA BATTERY TRAILERS KEEP GETTING STOLEN

There has been 11 recorded incidents where trailers filled with Tesla batteries have been stolen from their Nevada battery factory. Some of the stolen Powerwalls have been recovered and all disabled by the company, remotely. More can be found out about this, by clicking this InsideEVs article link here.

INSTAVOLT BUYS GENIEPOINT

In buying GeniePoint, Instavolt is the first public EV charging network to have over 1,000 UK sites. The company intends to upgrade the acquired locations and hardware. You can read more, by clicking this article link from Instavolt here.

VW AND BOSCH AUTOMATED DRIVING DEVELOPMENT ENDS

Volkswagen, CARIAD and Bosch have reached the end of their project that was to develop SAE Level 2 and Level 3 automated driving systems. VW had to issue a

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