New disposal routes to market are helping to maintain values as the number of used cars available continues to grow, reports epyx. The company says that online platforms such as its own 1link Disposal Network – which has seen a 65% year-on-year increase in the numbers of vehicles sold - are helping to take the pressure off traditional disposal channels such as motor auctions. David Goodyear, … [Read more...]
Finance News
Welsh-made FCV opens to crowd-funding
Motoring enthusiasts are being given a chance to buy into the future of mobility. Shares in the Mid-Wales made fuel-cell car, the Rasa, are being offered to potential backers and users. You can invest from £500 upwards in graduated amounts with the option to acquire one of the two-seaters for a £20,000 stake. You will never own the car but simply lease it. Rasa is being shown this week at … [Read more...]
PCP contracts and condition clauses surprise motorists
More may need to be done to educate the rapidly rising number of PCP customers about the condition in which their lease car should be returned, says Glass's. The vehicle data provider says that it is receiving notable anecdotal evidence from the trade that some customers are shocked to find that there are potential financial implications surrounding the vehicle's return. Rupert Pontin, … [Read more...]
September rush is underway for buying a new car
September is the second highest month for new car sales. Ahead of the forthcoming introduction of the “66” vehicle registration next month, Motor Codes, the leading provider of Codes of Practice and Alternative Dispute Resolution for the automotive industry, has the following advice for consumers during the purchase process. Protect your rights Buying a vehicle face-to-face or online … [Read more...]
Newslines 12 August
In time for the ‘66-plate’ September market, Peugeot announces that the popular Just Add Fuel® with Telematics is now extended to most of the Peugeot 308 and 308 SW models. Launched 12 months ago, initially on the 108 range and later on 208 and 2008 SUV, Just Add Fuel® with Telematics has proved extremely attractive to retail consumers. Construction of a third crossing over the … [Read more...]
Summer sales cooling in showrooms
Britain’s new car market is “cooling" this summer. Figures from the Society of Motor Manufacturers and Traders showed a 0.1% rise compared to a year ago and put down to business sales keeping it ahead. Sales in the first seven months of 2016 were 1,599,159 but the industry has been expecting a slow down and SMMT chief executive Mike Hawes said it was important for the Government to maintain … [Read more...]
Brokers expect leasing demand to grow
The first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation that supports leasing brokers across the … [Read more...]
Fleets suffer with SUV orders
The growing popularity of SUVs in all sectors of the company car fleet market means that fleets could increasingly struggle to hit cost and emissions targets, says Chevin Fleet Solutions. The fleet management software specialist points out that even the most car-like of SUVs tend to have worse emissions and fuel economy than their equivalent hatchbacks or saloons by a margin of around 10-20% - … [Read more...]
Brexit boost to used car sales
The decision to leave the EU could provide a boost to the used car sector at the expense of new car sales, predicts Startline Motor Finance. The company believes that the economic conditions already resulting from Brexit – especially the weaker pound and higher cost of capital – will make it very difficult for motor manufacturers to continue offering the levels of support that has kept the new … [Read more...]
Britain is a nation of wheeler dealers
According to research, within three months of buying a used car half of Brits have found a fault that has had to be repaired. The online vehicle purchasing company, SellCar, has discovered that on average Brits are forced to spend £182.65 to fix their used car within the first three months of ownership. But is this the buyers or the sellers fault? With over a quarter of us (28%) having … [Read more...]