Roadwise Finance
News in Industry Updates.
Industry Updates April 4, 2025 The UK’s new car market experienced a significant boost in March 2025, with registrations rising by 12.4% compared to the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). This marks one of the strongest year-on-year growth figures since the COVID-19 pandemic and signals a continued recovery across the automotive and car finance sectors.
Industry Updates Buying Tips April 4, 2025 Significant changes to Vehicle Excise Duty (VED) have come into effect as of April 1, 2025, impacting electric vehicle (EV) owners across the UK. Previously exempt from VED, EVs registered on or after this date are now subject to a first-year rate of £10, followed by the standard annual rate of £195. Additionally, EVs with a list price exceeding £40,000 are liable for the Expensive Car Supplement, incurring an extra £425 annually from the second to the sixth year of registration.