More than half of motorists (52%) say that they are now driving an older car than five years ago. June’s Startline Used Car Tracker shows 24% haven’t been able to afford to buy a newer car and 18% that it feels as though used cars have become more expensive. Paul Burgess, CEO at Startline Motor Finance, said, “The average age of a car on UK roads is now … [Read more...]
Finance News
13 years to end of the road for filling stations?
UK petrol and diesel stations are facing extinction by 2038, according to national EV charging network Be.EV. Data it has brought together shows that the typical forecourt has been in terminal decline with numbers decreasing from roughly 40,000 in 1967 to 8,353 in 2023, which is a decrease of 75%. The decline is expected to continue as major fuel retailers … [Read more...]
Lack of home charger is barrier to buying EVs
More than half of dealers (56%) say that having no charger at home is the biggest objection they hear from customers considering an electric car. June’s Startline Used Car Tracker also shows potential buyers believe electric cars are too expensive compared to petrol or diesel (42%), that the range is too low for their needs (42%) and the battery might … [Read more...]
Slow charging delays EV adoption by fleets
Speed of charging is the top factor for fleets when choosing electric vehicles, according to the new Arval Mobility Observatory Barometer. Research shows 69% name this consideration compared to efficiency measured in miles per kilowatt hour at 66% and range at 60%. John Peters, Head of Arval Mobility Observatory in the UK, said that the results reflected … [Read more...]
VRA announce speakers for AGM
The speaker line-up has been announced for the 3 July Annual General Meeting of the Vehicle Remarketing Association, at BCA Birmingham. An update on the state of the UK automotive retail sector, examining its resilience and new opportunities arising despite economic challenges, will be presented by Omar Mirza and Kevin Lamb of global automotive consultancy … [Read more...]
UK car makers may still face higher US tariffs
British luxury car makers may still be hit by higher tariffs on US sales. Last month, the UK car sector was breathing sighs of relief that it has escaped the highest American tariffs being proposed by US President Donald Trump but last week he announced that he may soon raise auto tariffs, aiming to encourage automakers to accelerate their investments in … [Read more...]
Majority of UK drivers considering Chinese cars
More than seven out of 10 motorists (72%) would “consider” buying a car made by one of the new Chinese manufacturers entering the UK market, according to new research. Startline’s June Used Car Tracker shows BYD is the brand with the highest level of recognition among these potential customers at 28%, followed by Maxus (19%) and Chery (14%). Aiways, Denza … [Read more...]
Weekend roadtest: Tesla Model Y AWD
It can be hard learning to drive, but relearning brings a whole new skill set into the driver’s seat of the latest Tesla Model Y dual motor. Tesla is a pioneer in the new age of electric cars and after their first Model X SUV hit the market in 2015 it then rolled out the Model 3 saloon two years later and completed its range with the larger SUV Model Y in … [Read more...]
Paying out for potholes – how to win damages
Tom’s daily trip to work turned into a 51-week-fight for his rights after hitting a pothole which had been known about for two years but ignored by the local council. The South Wales leisure business manager reached an out of court settlement with Stoke on Trent Council for damage caused to his car by a 70mm deep pothole which had not been repaired for … [Read more...]
FCA move in massive compensation claim
Some of the factors the Financial Conduct Authority will consider if it launches a UK-wide consumer redress scheme as part of its review into car loans commission have been set out. The regulator says it will confirm within six weeks of the outcome of the Supreme Court case, which is hoped to be announced in July, whether it does plan to introduce a redress … [Read more...]
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