Finance News

Tradelines 26 May

26 May 2021

The next bank holiday weekend will see an estimated 10.8m leisure trips taken by car, suggests new RAC research, but if the sun shines there’s likely to be even more trips which will inevitably cause jams. While the figures indicate drivers have firm plans to take around 7.2m trips to see friends and family between Friday and bank holiday Monday – with … [Read more...]

Seeing is believing say car buyers

25 May 2021

While the pandemic has accelerated online buying across multiple sectors, most drivers are not quite ready to take the leap and buy a new car online without seeing it first. According to Close Brothers Motor Finance’s Britain Under the Bonnet Report, a new car tops the list of things that people would research online but need to see in real life before … [Read more...]

Vehicle numbers fall in UK – but vans increase

24 May 2021

Vehicle numbers on UK roads fell to 40,350,714 in 2020, according to Motorparc figures from the Society of Motor Manufacturers and Traders, the first time the total number has fallen since the global financial crisis of 2009. As the pandemic stifled new vehicle uptake, the average age of cars on UK roads is now the highest on record at 8.4 years. Van … [Read more...]

Greens see red on slow clean-up of vans

18 May 2021

The European Union needs to dramatically toughen weak CO2 targets for commercial vans to spur a shift to electric models and phase out fossil-fuel sales entirely by 2035, said European campaign group Transport and Environment. T&E said an analysis of van sales in 2020 showed no change in CO2 emissions from 2017 and found the EU's CO2 targets are so weak … [Read more...]

Welsh drivers praise their reliable cars

18 May 2021

Motorists in Wales are among the luckiest in Britain for car reliability. Despite the increasing reliability of vehicles, new research reveals that over a third of drivers (36%) have broken down in their current car. A further 34% have experienced a breakdown in a previous car, meaning that only 30% of drivers have never suffered a vehicle failure. The … [Read more...]

Fleets focus on EVs for future models

13 May 2021

Rapid uptake of battery electric vehicles is planned by around four in 10 fleets in the near future, according to research in the Arval Mobility Observatory 2021 Barometer. When asked, “What percentage of your car or van fleet will be 100% BEV in the next three years?”, overall, car operators answered with 42% while their van counterparts said 37%. The … [Read more...]

More buyers looking for new cars after lockdowns

13 May 2021

Some 2.7 million more drivers are planning to opt for a new car this year than previous years, according to Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. For 45% of drivers, a new car is the preferred option – significantly up from 38% last year. The lockdown has fuelled fresh demand for a private vehicle and working … [Read more...]

Tradelines 12 May

12 May 2021

Car leasing comparison website Moneyshake’s latest research highlights a significant shift in consumer behaviour with 82% of customers stating that they would now be happy for their new car journey to be completely online, reducing the importance of the traditional test drive. The emergence of online car marketplaces, car finance comparison websites and the … [Read more...]

Gordon Murray & £300M plan for automotive sector

11 May 2021

The entrepreneurial Gordon Murray Group plans to significantly expand operations and a commitment to invest £300M over the next five years in the automotive sector. An exciting roadmap for future expansion of the Gordon Murray Group, has been announced today and masterminded by company Founder and Chairman legendary F1 designer … [Read more...]

Used car sales dented by disease controls