Ownership of Aston Martin, Rolls Royce, Maserati, Bentley and Porsche cars has increased 9.2 per cent in the UK in the past year, up from 221,124 in 2020 to 241,391 in 2021. Data from national accountancy group UHY Hacker Young shows that Porsche remains the most popular luxury brand with 173,523 vehicles on the road and the brand experiencing a 10 per cent increase on the total of 157,916 in 2020. Ownership of Maseratis is growing the quickest, with 10.3 per cent more on UK roads, from 10,078 in 2020, to 11,113 in 2021.
On 1 September 2022, the global crypto currency market was valued at a trillion dollars, but that figure actually peaked at $2.8 trillion in November 2021. And therefore, whichever way you look at it, cryptocurrency is now a huge economic entity in its own right. With roughly 38 and 18 per cent market share respectively, Bitcoin and Ethereum are the two largest out there. Digital currencies bring with them two main features that suggest they are the future: Firstly, because they work on highly encrypted blockchain networks outside the established financial system, they offer the potential for greater efficiency and securing; and secondly, the operate as decentralised entities, taking governments and state banks out of the equation and empowering businesses and individuals with the margins that were only previously available to banks.
Tyres have always been a highly technological product, but the influence of technology in the distribution and retail parts of the business hasn’t always moved at the same pace. Recent years, however, have seen the role of Internet and e-commerce take-off. That progress was compounded during the last couple of years of pandemic-related lockdowns. Now, as workers at one of the UK’s leading tyre retail chains recently told us, online orders and bookings account for the lion’s share of business. Indeed, those particular staff members reported that online orders make up as much as 90 per cent of the business they deal with each working day. With that in mind, in October’s magazine, Tyres & Accessories takes a closer look at the Digital Tyre Business, which for the purposes of that feature includes the e-commerce, e-tail and stock management parts of the tyre business.
For more relating to the online tyre business, look out for the Digital Tyre Business feature in the October 2022 edition Tyres & Accessories magazine. Not a subscriber? No problem, click here to become one.
BitcoinRacing was formed with the stated aim speeding up the adoption of Bitcoin as an everyday currency. Writing at the start of the year, company representatives explained that the plan is to achieve that end “by travelling 5000 miles across the UK in 2022 with an HGV transporter decorated in Bitcoin decals and entering four race cars into the Nankang City Car Cup…” That, they continued, will make the team a “mobile advertisement for Bitcoin”.
Probably a world first for Vaculug – the laregest independent retreader in Europe will now accept Bitcoin and Ethereum for all payments for tyres and related services. Vaculug will also sign its PPK and PPV fixed price contracts in CPK (Crypto per Kilometre) and CPV (Crypto per Vehicle) formats if customers want to fix or link their contracts to the price of Bitcoin or Ethereum.