More than 6.5 million electric vehicles (EVs) have been sold worldwide, and that number is set to grow due to the phasing-out of the sale of new petrol and diesel cars from as soon as 2025 (Norway), with the UK targeting 2030 and the 27 EU member states EU aiming for 2035. In anticipation of this, personal finance guidance and comparison website Forbes … [Read more...]
Finance News
A fifth of drivers risking insurance fraud
Go.Compare insurance has found that one in five parents with children who have a car could be risking a significant fine and a criminal record for ‘fronting’ their child’s insurance policy. ‘Fronting’ is when an older or more experienced driver - usually a parent - claims that they’re the main user of the car but it’s mostly driven by a young person, or … [Read more...]
September registrations’ uplift for the fallen
Britain's new car market rose 1.2% in August, said the Society of Motor Manufacturers and Traders. The growth, albeit marginal, is the first seen since February with some 68,858 new vehicles joining the road during what is typically the second quietest month of the year as many buyers choose to wait for a ‘new’ numberplate in September. In Wales, new … [Read more...]
Drivers still short-changed on fuel, says RAC
Despite a further 12p (12.31p) coming off the price of the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs, new RAC Fuel Watch analysis shows. The average price of a litre of unleaded is now under 170p (169.8p) for the first time … [Read more...]
Manual cars are dying out among learners
Practical driving tests will soon be conducted almost exclusively in automatic electric cars, according to one electromobility expert. Emma Loveday (below), EV Consultant at Volkswagen Financial Services UK, explained that young people learning to drive in automatic vehicles will ‘soon be the norm’ as consumers become more environmentally conscious and cost … [Read more...]
Range Rover is top of flops
Land Rover Range Rover is the most unreliable used car, according to Warrantywise’s annual Reliability Index. Warrantywise, the country’s leading extended car warranty provider, reveals that Land Rovers, BMWs, and Porsches take up seven out of ten of the least reliable models from the Reliability Index data range. The data, only including cars that are … [Read more...]
Newslines 2 September
The unique West Country-made 155mph Ariel Hipercar is going into production in two or four-wheel-drive at close to £1 Million with a 28 months waiting list. The High Performance Carbon Reduction two-seater electric supercar weighs 1,500 kilos and hits 100mph in 4.4secs with 880kW or 1,180bhp in standard form using a Cosworth battery pack good for 150 … [Read more...]
Are EVs green or greenwash?
Thousands of drivers who collect the keys to a brand new ‘72’ plate electric car tomorrow will have a nagging doubt at the back of their minds as they glide silently off the forecourt – are battery-powered cars truly better for the environment, or is zero-emission motoring just ‘greenwash’ hype? Sales of electric cars are soaring, up 49.9% year-on-year … [Read more...]
Dealers and makers’ reputations bashed by delays
Car manufacturers and dealers are suffering reputational damage as a result of unavoidable supply chain disruption, according to research from Close Brothers Motor Finance. While two-thirds (66%) of consumers considering a new car say they understand the difficulties involved, nearly half (48%) say the delays negatively impact their perception of motor … [Read more...]
Auctions still doing well in recession
Despite the challenges currently facing the automobile industry, the auction market is in a positive state. Supply and demand have been stable for the last month, with summer soon to draw to an end. "We are expecting that September will see a steady surge as customers return from holidays, boosting the market”, commented Paul Hill, National Association of … [Read more...]
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