#Benchmark auto credit cars driver
#Benchmark auto credit cars registration

In particular, the amendment strengthens the emission targets applying from 2030 and sets a 100% reduction target for both cars and vans from 2035 onwards. Bennettsvilles success was also a precursor to Hendrick Automotive Group, a company that. On 19 April 2023, the European Parliament and the Council adopted Regulation (EU) 2023/851 amending Regulation (EU) 2019/631 to strengthen the CO 2 emission performance standards for new passenger cars and new light commercial vehicles in line with the European Union’s increased climate ambition. dealership on the east coast and a future facility benchmark.

#Benchmark auto credit cars driver

The main driver of the decrease in emissions is a surge in zero-emission passenger car registrations, which reached 10% of the EU fleet in 2021. The average CO 2 emissions from all new passenger cars registered in Europe already fell by 12% between 20, and further by 12.5% between 20. Stricter CO 2 emission targets have been in force since 2020. It replaced and repealed the former Regulations (EC) 443/2009 (cars) and (EU) 510/2011 (vans).

On 1 January 2020, Regulation (EU) 2019/631 entered into force, setting CO 2 emission performance standards for new passenger cars and vans. “As always, customers who are worried about meeting payments should speak to their lender as soon as possible to find a solution.Passenger cars and vans ('light commercial vehicles') are respectively responsible for around 12% and 2.5% of total EU emissions of carbon dioxide (CO 2), which is the main greenhouse gas. Nevertheless, respondents to the FLA’s Q3 2023 Industry Outlook Survey remained optimistic about growth opportunities from supporting businesses and consumers transition to net zero. “The economic outlook has weakened following a sustained period of high inflation and higher interest rates. The used car finance market continued to report lower levels of new business, with the consumer sector reporting a single-digit fall in volumes in line with trends seen so far in 2023.

#Benchmark auto credit cars registration

“The issue of a new registration plate in September gave a boost to the new car finance market with both the business and consumer sectors reporting new business growth by value and volume. In the nine months to September 2023, new business volumes in this market were 6% lower than in the same period in 2022.Ĭommenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:

The consumer used car finance market reported a fall in new business in September of 9% by value and 7% by volume compared with the same month in 2022. In the nine months to September 2023, new business volumes in this market were 5% lower than in the same period in 2022. The consumer new car finance market reported new business up 9% by value and 3% by volume in September compared with the same month in 2022. And, simple eligibility requirements do help ease the enrollment process. In the nine months to September 2023, new business volumes were 6% lower than in the same period in 2022. Benchmark’s Debt Protection Program is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. The corresponding value of new business held steady over the same period.

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in September 2023 compared with the same month in 2022.