Car insurance has taken a sudden but welcome crash into reverse from an accelerating trend, falling nearly £35 or 4.9% over the past three months, according to the AA’s latest Premium Index.
The average Shoparound quote for a typical comprehensive car insurance premium now stands at £679.93, having fallen from £714.85 which, last quarter, was the highest recorded since the Index started in 1994, but premiums are 9.7% higher than this time last year.
European car sales fell by 2.2% in September to 1.46 M, report Jato Dynamics.
Analysts say it’s the result of declining demand around uncertainty over Brexit negotiations, but concern over interest rates is also a factor, particularly in the UK which dipped nearly 4%.
Car production in Britain fell 4.1% in September compared with a year ago.
It’s the fifth decline in six months and steepest was production for the UK market down 14.2%, but exports were barely affected.
Toyota has called the UK government to make progress in talks on with the EU over Brexit.
“We cannot stay in this kind of fog when we don’t know what will be the output of the negotiations,” Toyota Executive Vice President Didier Leroy said at the Tokyo Motor Show, hinting at uncertainty about future investment in its Welsh engine plant and Derby vehicle assembly operation.
Renault will pull out of the Formula E Series after four years next July to concentrate on F1.
The French car maker was one of the first to enter the series in 2014 and it has prompted other manufacturers to take part to build on their experience and raise their image as they launch electric or hybrid road cars.
About 120,000 breakdowns will happen on UK roads over the autumn half-term, according to Green Flag.
That’s about ten breakdowns every minute and the rescue company is urging motorists to thoroughly check their cars before setting off, paying attention to water and oil levels, tyres and make sure your mobile phone is charged.
With six million people expected to fly away during October, airport drop-off charges have drawn criticism from the RAC.
It surveyed the UK’s 20 busiest airports and found the drop off price at Stanstead a staggering £3.50 for ten minutes, while praising Cardiff for being free but criticised for its £1 for ten minutes pick up charge.
Half-term parent “taxis” are worth £61.50, says Confused.com .
It polled parents on their unofficial duties and found they will spend two hours next week giving children lifts, and mostly its by mums.