A “triple whammy” means that fleets are in their biggest ever state of policy flux, says fleet software specialist FleetCheck. The WLTP fuel and emissions measurement changeover, the “demonisation” of diesel and the lack of information about company car taxation after 2020 are creating a high degree of confusion and frustration, says Peter Golding, managing director at FleetCheck. He said, … [Read more...]
Finance News
Mileage fraud is bigger than believed
Mileage fraud may be more prevalent in UK than previously thought, with the practice risking driver safety as well as costing millions of pounds every year. Carly - Connected Car, the world market leader in mobile car electronics, has found the top four UK hot spots where 18 per cent of vehicles are displaying the incorrect mileage, three per cent higher than the national average of 15 per … [Read more...]
Resilience threatened by uncertainties over future say FTA
After a year of resilient trading in 2017, the UK's logistics industry expects continued success in 2018 despite the uncertainties posed by Brexit and continued economic instability, according to a new report from the Freight Transport Association. The FTA Logistics Report 2018, in association with Santander, polled the opinions of around 500 freight and logistics businesses operating in the … [Read more...]
Electric vehicle used-values rocket 41%
The first quarter of 2018 has seen the value of used cars rise by an average of 5.3%, according to the latest analysis of vehicles sold on Autorola UK’s online portal. Autorola saw prices rise to £10,008 during Q1 from £9,504 in the last quarter of 2017. Highlights of the first quarter trading in 2018 include a 41% increase in the average selling price for electric vehicles - up to … [Read more...]
Diesel decline accelerated last month
Diesel’s decline continued on new car forecourts last month. It was the 12 consecutive month of falling sales but an inflated registration spike in March 2017 to beat tougher emissions requirements and tax rates has distorted the tables for March 2018 although the underlying trend is bad for diesel. Figures from the Society of Motor Manufacturers and Traders today show a 37.2% drop over … [Read more...]
Extortionate GAP insurance from dealers – claim
Car dealers are ripping off buyers with GAP insurance products, claims one specialist insurer. Dealerships are selling Guaranteed Asset Protection insurance to car buyers for up to ten times more than an equivalent policy from a specialist GAP insurance company. One car buyer bought a Mercedes-Benz A180 CDI Sport for £20,000 and was quoted £1,000 for GAP insurance from the dealership, … [Read more...]
Diesel costs more than you may think, says analysis
The fall in oil prices will be a welcome relief for UK motorists as data shows drivers could be burning through as much as 75 per cent more fuel than stated by manufacturers. Carly Connected Car, the worldwide number one in car apps, has released data collected from over one million vehicles, including 150,000 from the UK. The data shows year-on-year growth of discrepancies in fuel … [Read more...]
Lots to sort in BREXIT talks, says FTA
The announcement of a Brexit transitional period ending in December 2020 will be a welcome relief for manufacturing and retail businesses exporting and importing from the EU, according to the Freight Transport Association. However, FTA has warned that there is still much to agree on the detail of the UK's departure from the European Union, and the EU's "nothing is agreed until all is agreed" … [Read more...]
Best cars for retaining value, from the expert
The minute you drive your new car out of the dealership, its value dramatically drops - but there are some models that will hold their worth far better than others. If you're thinking of buying a new car for the April 18-plate, you should consider that Automotive data experts cap hpi has compiled this list of depreciation busting cars – vehicles that represent a great new purchase for … [Read more...]
Tradelines 14 March
Ford sales grew 8% in Europe's 20 markets in February, marking its best February in 10 years and after a 21% jump to 12,000 in the UK. The growth was powered by strong demand for SUVs up nearly 37% in February, driven by record EcoSport sales up 68 %, record Kuga sales up 28% and “Ford of Europe built momentum in February, continuing our best start to the year since 2008,” said Roelant de … [Read more...]