EV campaign group FairCharge and the want the Government to underline its support for the switch to electric vehicles by decoupling the wholesale price of electricity from gas, something which would immediately reduce the cost of charging EVs. The current high wholesale electricity price continues to be set by the unprecedented global wholesale price of … [Read more...]
Finance News
20mph limits accelerate Welsh Government spending
The amount of taxpayer money spent on 20mph roads in Wales has exploded by over 500% in just one year, according to the Welsh Conservatives. In response to a written question by the Party, £9.8m was given this year to councils to implement 20mph zones, more than five times the £1.8m spent in 2021/22. The most money this year was awarded to Neath Port … [Read more...]
Falling value of new cars put off younger buyers
The depreciation value of 2022's most popular cars has been revealed According to a new report by Go.Compare Car Insurance, a high depreciation value would stop 70% of drivers from buying a particular make or model of car. Most young drivers have future finances in mind, with 73% of those aged 18 to 24 being put off a car if it depreciates … [Read more...]
Dealers sparking complaints over EVs
Customer service and purchase issues drove EV complaints to The Motor Ombudsman in 2022. The Motor Ombudsman, the Ombudsman dedicated to the automotive sector, has revealed that issues relating to the purchase process or the service received from a business after buying a car, sparked the majority (41%) of consumer complaints about an electric vehicle … [Read more...]
Welsh buyers boost January registrations
New car registrations rose the most in Wales last month, better than any other part of the UK. Dealers in Wales declared 4,890 new cars registered compared to 4,166 a year earlier, a rise of 17.4%. In the UK as a whole, 131,714 new cars were registered in January, 14% improvement so the Welsh sales outpaced the rest of the country. Volkswagen, Ford and … [Read more...]
Ten things you need to know about personal leasing
Navigating personal leasing can be overwhelming, especially with many online quotations and deals available. To ensure you get the best deal, it's essential to understand the basics of leasing and tailoring the various elements to fit your needs. With over 30 years of experience helping leasing customers source the right new cars in the UK, LeasePlan UK’s … [Read more...]
Jaguar lead decline in EV values, says Auto Trader
Some premium pure electric cars have slumped in value, according to Auto Trader. The Jaguar I-Pace crashed by 15.6 per cent year on year (YoY) and dropped by 4.1 per cent between December 2022 and January 2023. The average asking price of the Austrian-made Jaguar was £48,613 last month. Other premium second-hand EVs also slipped further in January, … [Read more...]
EU Automotive trails rest of the world, warns boss
Ahead of the unveiling of the Green Deal Industry Plan, Luca de Meo, President of the European Automobile Manufacturers’ Association and Renault Group CEO, is urged EU leaders to put in place an ambitious and structured automotive industrial policy, to rival those of other world regions. Concerned about the EU industry’s eroding competitiveness on the … [Read more...]
Banking on a better buy
As motorists grapple with rising costs we look at the pros and cons of acquiring a car in today's market-place and the possible best way for you. If you pay for your car with a loan, it means you own the car outright from the point of purchase and can be much more cost effective. With a car on finance, you don’t own the vehicle while you are making … [Read more...]
Bureaucracy adding to car theft misery
New Home Office figures have revealed car thefts are higher than the reported figures but it’s also getting harder for owners to get settlements from their insurers as a new layer of bureaucracy has been added. Analysis by Claims Management & Adjusting indicates car theft victims are frequently waiting more than seven days longer for insurance payouts … [Read more...]
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