A 280% growth has been seen by Arval UK in the number of vehicles it operates under its Ignition salary sacrifice product during the last 12 months, with the top 15 cars chosen now all electric vehicles. Richard Cox, consultant at the fleet and mobility specialist, explained that the growth showed both the burgeoning popularity of “sal-sac” and how quickly … [Read more...]
Finance News
Is the pricing bubble about to burst? ask BuyaCar
Used car prices may have reached a ceiling, signalled by a shrinking cost gap between newer and older cars. According to the online car supermarket BuyaCar.co.uk, the average price paid for a 2021-registered car is just 4.6% higher than for cars registered in 2020. BuyaCar research shows that the gap was 24.1% in 2019, before the coronavirus pandemic and … [Read more...]
Car stock shortages looming, warn finance lender
Stock shortages emerge as the biggest worry for dealers in the year ahead, according to new research from Close Brothers Motor Finance. The Dealer Satisfaction Survey found that almost a third (31%) of motor dealers see the lack of stock availability as the biggest threat to their business, with the global semiconductor shortage having a significant ripple … [Read more...]
Newslines 26 August
Sarn Park Services are the best on the M4, according to accumulated views of users analysed by the Brindley motoring group. It studied over 100 motorway services on 29 routes and Tebay on the M6 came out best, Telford M54 was the worst while the M5 generally raised most complaints. UK car manufacturing fell 37.6% in July, the first fall since February, … [Read more...]
Vauxhall and VW looking to dominate EV sales this year
Audi, BMW and Mercedes-Benz have all spotted the risk Tesla and other EV-based manufacturers have on the dominance in the sector and will all end 2021 with upwards of four models. But according to motor dealer Peter Vardy, it’s Vauxhall and Volkswagen that are currently the most eager for dominance in the EV market in 2021. Volkswagen is set to rival Tesla … [Read more...]
What Car? reliability reports throw up surprises
The UK’s most and least reliable new and used cars have been revealed in the 2021 What Car? Reliability Survey from Britain’s leading new car buying platform and consumer champion. Feedback from more than 16,000 car owners was analysed to find the country’s most dependable 178 models and 30 brands aged up to five years old. A record six models achieved … [Read more...]
Electric vehicle incentives woo Chinese & Brits
China has halved EV prices in a decade but they’re still rising in Britain, Europe and the US. JATO Dynamics shares its latest report on the evolution of the electric vehicle (EV) markets in China, the US and Europe. ‘EVs – A pricing challenge’’ includes JATO’s industry-leading data and insights, exploring EV pricing over the past 10 years, alongside the … [Read more...]
Newslines 23 August
The British Government is giving £12.5 M to Israel based Ree Automotive as part of a £41.2 M project to bring advanced electric vehicles to market from UK plants. Ree has a UK technical centre and has developed its radical flat platform in the Midlands where it plans to assemble a range of commercial vehicles. Volta Trucks, a leading and disruptive full … [Read more...]
Repair bills dent delight of driving
Costly garage bills can be one of the major downsides of owning a vehicle, even if you’ve been taking good care of it. From annual servicing to standard procedures such as oil changes and brake disc replacements, there are plenty of things that can go wrong. But spare a thought for these poor motorists, who have had to shell out thousands for … [Read more...]
Insecure men admit to car-badge envy
One in five men admit to being a car brand snob who would always stretch their budget to get a more prestigious car brand, says a new survey of 2,000 UK drivers. This 22% compared to 14% of women while 17% of men also said having a flash car impresses their friends, compared to 9% of women. The Opinium survey, commissioned by InsuretheGap.com, for new and … [Read more...]
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