Diesel is likely to remain a crucial part of the motor trade’s fuel mix for the foreseeable future and the motor industry should “remain calm” over its future values, says the Vehicle Remarketing Association. The trade organisation – which represents companies that are involved in remarketing more than 1.5 million vehicles every year – says that there is every reason to expect that the values … [Read more...]
Finance News
Golf tops slowing new car sales market
The UK new car market has declined for a third consecutive month with 243,454 new units registered in June, said SMMT. Registrations fell at a slower pace than in the previous two months, by -4.8%, as demand continued to stabilise following a record first quarter and the subsequent market turbulence caused by the recent changes to Vehicle Excise Duty. The market is now more in line with … [Read more...]
Young are being priced off the road
With car insurance sky high and education and living costs increasing, research shows that over one in five under 25s (22%) cannot afford to learn to drive. Insurance is a further barrier. With the average cost of car insurance costing around £1400*, and rising to £3878 for a 17 to 20 year old driver, it’s no wonder that this demographic is struggling. An online petition recently achieved over … [Read more...]
Newslines 9 June
A new top of the range MG3 Style+ is now available until 30 June for an initial deposit of just £189, followed by 60 monthly payments of £189. The impressive finance offer launched by MG Motor UK is interest free, with no balloon payment at the end of the agreement and the MG3 Style+ features an upgraded interior that now comes with a leather trim as standard,16” ‘Diamond’ alloy wheels, cruise … [Read more...]
New Honda Civic Type R priced
Honda UK has announced pricing for the hotly-anticipated next generation Civic Type R. On forecourts in July, the entry level 2.0 320PS model will cost £30,995 and the GT version will cost an additional £2,000 at £32,995 on the road and will come with a host of extras. PCP pricing has also been confirmed for the new car, which is built at Honda’s UK manufacturing plant in Swindon; with … [Read more...]
Knock-on effect of diesel decline felt across market
The decline in diesel new car sales is forcing down used prices as well, but Volvo is enjoying a boom in second-hand prices. There is a knock-on effect on financing plans increasingly being used by car makers to bolster income, report analysts to Reuters. Pollution concerns and the likelihood of city centre charging is also affecting the business model used so successfully for a … [Read more...]
Volvo do the business deal on S60 and V60
Replicating the current Lux upgrade already available on Volvo's SE, R-Design and Cross Country variants, the Business Edition Lux provides some added luxury to the S60 and V60 models. Popular with company car and fleet drivers alike, the Business Edition variants currently account for 29% of total S60/V60 sales, while almost half of Volvo's end-user business sales for the S60 and V60 were for … [Read more...]
New car sales collapse in Wales
New car registrations in Wales plunged over 30% last month after a boom in March due to new taxes and charges beginning in April, writes Robin Roberts. It was the steepest fall in the UK, with Northern Ireland just a little behind while England and Scotland did not suffer anywhere like the same downturn. The fall was expected but the percentage was higher than many … [Read more...]
Clocking comes around again
Fraudsters have returned to “clocking” vehicles odometers to boost part exchange prices and escape mileage penalties under growing leasing schemes, says hpi. The number of cars on UK roads showing mileage discrepancies has risen to one in 16, a jump of 25 per cent according to new figures from hpi. The figure has leapt from one in 20 cars in 2014. The figures emerge as what is believed to … [Read more...]
British brands better at beating book-prices
OSV’s research has revealed that British-made cars, such as Vauxhall, Roll Royce, Jaguar and Landrover, retain the most value in the first 12 months after purchase, an impressive 65.5% of their original value. Compared to vehicles produced by the likes of France and Italy, which on average retain only 46.2% and 46.7% respectively, it shows that the British lion still has a significant … [Read more...]