Finance News

Motorists reconsidering ev options for new cars

16 March 2022

The latest survey of 300 UK motorists by Venson Automotive Solutions revealed that the anticipated 54% rise in electricity and gas bills next month is impacting car buyers’ decisions on switching to electric vehicles. Although electrified vehicles accounted for more than a third of all new cars leaving dealerships in February, Venson’s survey showed that a … [Read more...]

Plea to cut diesel fuel duty to save economy

16 March 2022

Sky high fuel prices are placing an unstainable burden on UK businesses and the government must introduce a temporary reduction in diesel fuel duty to protect the economy, according to one of the UK’s biggest business groups, Logistics UK. Writing to Rishi Sunak MP, Chancellor of the Exchequer, ahead of the Budget 2022, Elizabeth de Jong, the business … [Read more...]

JustPark rental boosts households incomes

15 March 2022

With the legislated transition to clean-air powertrains looming many businesses are looking to swap their commercial fleets to electric, but there's a looming problem. There’s a barrier currently, which is that most drivers take these vehicles home at night and finding safe and reliable charging is difficult. Broker JustPark finds a homeowner with a … [Read more...]

Mortgage costs lower than some SUV refuelling bills

15 March 2022

Some SUVs cost more to refuel each month than paying a typical property mortgage. Millions of SUV owners face paying well over £150, and as much as £200, to fill up at the pumps over the coming weeks, if the price of fuel hits £2 a litre. Car leasing comparison website LeaseLoco has looked at the fuel tank capacities of some of the UK’s most popular large … [Read more...]

Home charging solution brick-through

14 March 2022

An innovative electric car charge point will revolutionise the house building industry, saving time and money for developers. With the UK Government making it mandatory to have charge points in new homes and commercial buildings in England, the BriXcell is a simple, compact solution which can be easily installed during the construction phase of any new … [Read more...]

Policy of Welsh Government is ‘potholed’, say Tories.

11 March 2022

Welsh Conservatives have accused Labour’s policy on road investment of being inconsistent and political cherry picking as the £1.4 billon dualling of the A465 between Dowlais and Hirwaun will continue despite two smaller schemes being rejected. The Road Review Panel's report concluded that, under the low traffic growth estimates, the A55 junction 14 and 15 … [Read more...]

Alpina becomes part of BMW

11 March 2022

The service, parts and accessories business of Alpina, Munich will become part of BMW. For half a century, the Alpina brand has been operating independently of the luxury car maker and is highly respected and is seen as a natural fit with BMW, who had entered into a supply relationship until the end of 2025, but this will naturally now evolve as the … [Read more...]

Lexus, Kia and Toyota are UK’s best brands

9 March 2022

Lexus is Britain's best brand to be selling, according to the latest poll for the National Franchised Dealers Association. It is encouraging that despite the challenges affecting our industry, franchised dealers show high levels of satisfaction around a number of key business areas, particularly current profit, margins on used cars and manufacturers’ … [Read more...]

Soaring fuel prices need Government action

7 March 2022

The average price of petrol across the UK has jumped by more than 4p in a week topping £1.55 for the first time ever. It means a gallon costs over £7 – something which many older drivers will be struggling to comprehend. Diesel, however, has increased by 6.5p a litre to £1.61 or £7.30 a gallon. RAC fuel spokesman Simon Williams said,“These hikes are … [Read more...]

Electric Genesis GV60 price announced