“A second consecutive month of growth in new car sales is encouraging for the UK automotive sector, despite signs of uncertainty among business and fleet owners.
“While rising interest in alternative fueled vehicles has not yet offset declines in diesel sales, a 36.1% percent rise in motorists buying hybrid or electric cars marks continued traction for the sector and suggests that consumer awareness of alternative fueled vehicles is gaining pace. This is particularly pertinent, given May’s record rises in petrol prices at the pump.
“Our own research found that 73% of fleet owners think the Government can do more to support the move to AFVs. With today’s data showing that overall market confidence among business and fleet buyers is lagging, providing greater infrastructure for AFVs could go a long way towards restoring confidence.”
Hitachi Capital UK
Hitachi Capital (UK) PLC is a leading financial services company with over 30 years’ experience providing innovative finance solutions to enable consumers, SMEs, fleet owners, motor dealers and retailers to grow and prosper. Hitachi Capital (UK) PLC has over 1,200 employees, nearly £5bn of assets and over 1 million customers across its five business units; Consumer Finance, Vehicle Solutions, Business Finance, Invoice Finance and European Vendor Solutions.
Hitachi Capital (UK) PLC is a wholly owned subsidiary of Hitachi Capital Corporation, one of Japan’s largest non-bank financial institutions. Hitachi Capital Corporation is an associated company of Hitachi, Ltd. the global manufacturing and technology firm. Manufacturing continues to be a key part of Hitachi Capital (UK) PLC’s DNA, delivering complex products to high levels of customer satisfaction. Its corporate clients include some of the UK’s leading companies such as British Gas, Royal Bank of Scotland, B&Q and John Lewis.