New research has revealed the most common electric vehicles that have historically depreciated the fastest in the UK. The research carried out by GAP insurance provider, ALA Insurance, found the Nissan Leaf, Renault Zoe, BMW i13, Jaguar I-PACE, Audi e-tron and the Mercedes-Benz EQC lose their value the quickest after being driven off the … [Read more...]
Finance News
Fuel costs forcing motorists off roads
More than half of motorists (54%) are using their car less as a result of the recent jump in petrol and diesel prices, according to new research. June’s Startline Used Car Tracker further shows 27% are opting to leave their car at home more often and turning to public transport as an alternative. Pump prices have also impacted on household budgets with 45% … [Read more...]
Strategic importance of roads endangered by Government
The suggestion, widely reported in the media, that transport capital spending could be cut to increase the UK defence budget fails to recognise the strategic role infrastructure fulfils in times of conflict. According to Ben Fletcher Chief Executive of business group Logistics UK, “Both defence and transport infrastructure are fundamental to the UK’s … [Read more...]
Private parking tickets soaring, says RAC
The RAC expects the number of private parking tickets issued to drivers in the year to the end of March will hit a new record of 17m when government figures are published next month. So far, car park management companies have sent out more than 13m parking charging notices in just three months, an average of 4.3m tickets a quarter. This would mean the … [Read more...]
DVLA fraud sees three jailed
A dishonest DVLA employee altered vehicle documents in collaboration with two corrupt car dealers to inflate values and get more money for them. Dodgy dealers Joshua Sawyer and Ashley Harris paid the DVLA’s Matthew Holloway £23,000 to change the records of high-end vehicles that had been written-off or stolen as well as motor cycles and quadbikes. Holloway … [Read more...]
Used Tesla models dragging down EV prices
Eight out of 10 dealers (83%) say Tesla Model 3s dipping under £10,000 for the first time is a key moment in the used electric car sector, research shows. June’s Startline Used Car Tracker shows 38% say this price point is an important psychological barrier for those potentially buying their first electric car. Also, 31% say consumers view the Model 3 as a … [Read more...]
First drive: Kia PV5 Passenger Plus
They upset the car market, then the EV sector, and now it looks like Kia will disrupt the lucrative MPV and business categories. Kia predicted their electric PV5 Passenger model and van would reach 2,500 sales in Britain, but it has doubled that and is still climbing with just a five-seat model and very big luggage capacity. The addition of a CV derivative … [Read more...]
May registrations hit seven year high
The UK’s new car market delivered its strongest May performance since before the pandemic, with registrations rising 7.1% to 160,662 units, reported the Society of Motor Manufacturers and Traders. The performance was the best recorded for the month since 2019, although still -12.6% behind pre-pandemic levels. Registrations in Wales last month rose 6.95% to … [Read more...]
Newslines 5 June
A new railway bridge will be installed at Cathays railway station starting on 13 June. The ‘Access for All’ footbridge will provide better accessibility and help modernise the station to a safer transport hub while additional features of the infrastructure upgrade include step-free lift access for wheelchair users, improved walkways, and direct access to … [Read more...]
Rural drivers in Wales face big EV tolls
Data for the 32 Welsh constituencies shows what ev drivers in Wales can expect to pay when the new Government toll charges come in next year. A few headline figures for Wales: Combined projected annual eVED bill across all 32 Welsh constituencies: £29.1m Average per-driver annual cost across Wales: £228 (vs £79 in Cities of London and … [Read more...]
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