Britain's car dealers are calling on manufactuers to supply them with a new series of small cars. Dealers overwhelmingly back calls for a new class of small cars to be introduced across Europe that attract lower taxes, insurance and parking costs, new research shows. Paris this year moved towards making SUV drivers pay more to park in the French Capital as they take up more space and other cities … [Read more...]
Finance News
Buyers beware but enjoy your new car
If you're thinking of looking about this weekend and buying a new 24-plate car from 1 March, you need to carefully consider what you are doing and realise you may loose a deposit, says The Motor Ombudsman. It has prepared a handy checklist to take you through the steps to satisfaction and avoid annoying mistakes. … [Read more...]
The cars colour of money
New data reveals that yellow cars hold their value, at almost double the rate of the UK’s top car colour of 2024, black. ATS Euromaster revealed a shocking 70% of car buyers care more about the colour of their new vehicle than the mileage. While the physical appearance of a car may seem the most appealing when purchasing, it is more important to look at the general condition of the car, … [Read more...]
Driving up depreciation mile by mile
A new study by on-line marketplace Carwow has found how mileage severely impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k mileage milestone, typically when a new car's warranty expires and the first MoT is … [Read more...]
Buyers and traders clash over interest charges
Dealers need to “very urgently assess” the implications of recent moves from the Financial Conduct Authority on historical motor finance commissions, says the Vehicle Remarketing Association. While the subject has been gathering prominence in recent weeks following two recent rulings by the Financial Ombudsman, a new programme hosted by personal finances guru Martin Lewis has substantially raised … [Read more...]
Tradelines 21 February
According to the latest data from Auto Trader, the Kia XCeed is currently the UK’s fastest-selling used car, taking on average just two weeks to leave retailers’ forecourts. Slightly behind the crossover SUV from the Korean manufacturer in joint second position, was the all-electric Tesla Model 3 and the Mercedes-Benz EQC, which both took a similarly impressive 14.5 days to sell while the dogs on … [Read more...]
Fuel prices again rising even before Budget, says RAC
The price of petrol has gone up more than 3p a litre in the last three weeks while diesel has increased by 4p, the RAC has revealed. Worryingly for drivers, unleaded has risen by 3.2p from 140p on 29 January to 143.4p on 18 February and diesel has shot up from 148p to 152p in the same period, adding around £2 to filling up a family car. RAC Fuel Watch data shows petrol had been on a welcome … [Read more...]
Newslines 20 February
A feasibility study will be carried out into reopening a railway station at St Athan, Vale of Glamorgan. It would serve the expanding industrial businesses at the former airbase and housing developments but its only a short distance between Rhoose and Llantwit Major halts. Volvo Cars is streamlining and standardising its model names for fully electric cars, in line with ongoing transformation … [Read more...]
Aston Martin Wales jobs boost coming down the line
Aston Martin is creating hundreds of new jobs in South Wales to build its DBX SUV and in the Midlands to assemble Vantage and DB12 high performance sports cars. The automaker cited the launch of the new Vantage and DB12, coupled with the introduction of further new models in 2024 and continued demand for the DBX707, for the need to increase its workforce. Simon Smith, Chief People Officer of … [Read more...]
Essential to build NCDs, says broker
Car insurance premiums decrease by £745, a drop of almost a third (32%), after one year of no claims discount, according to Compare the Market. When drivers come to renew their policy, those who have not made a claim on their car insurance can typically receive a no claims discount, or no claims bonus, from a number of insurance providers, with the discount rising the longer that you drive … [Read more...]