Welsh drivers buck the trend and value a reliable car above an environmentally “green” car, according to a poll for AA Financial Services. Nationally, drivers are more concerned about green credentials (24%), than cost-efficiency (18%) when buying a new car, according to new research from AA Financial Services, but they view it very differently in … [Read more...]
Finance News
Wales bucks UK trend and buys more cars
New car buyers in Wales have bucked the national trend and registered more models than 12 months ago. Registrations in Wales went up 8.93% in February to 2,610 new cars – 2,396 same time last year – as part of the 79,234 UK total, which was down 2.96% overall. Scotland suffered the steepest droop of 14.75%, Northern Ireland dipped 8.46% and England slipped … [Read more...]
Dealers more confident than before Brexit
Research from Close Brothers Motor Finance reveals that nearly all UK car dealers (98%) are confident about the business outlook for their dealership, whilst almost two thirds (63%) are ‘very confident’. Despite a difficult 2019 for the motor industry, the findings paint a picture of business optimism. In the aftermath of Britain’s exit from the EU, a third … [Read more...]
2020 deserves to be balanced for business
With 2019 a fast receding memory, the automotive industry is looking forward to a more balanced year, said Rupert Pontin, Director of Insight with Cazana business intelligence. Despite a decline in new car registrations, many consider the 2.4% drop to have been a fairly good result given the backdrop of political, social and economic factors that challenged … [Read more...]
Road Safety Designs moves up a gear
Wales-based road safety innovation company, Road Safety Designs, has appointed experienced business leader and investor, Simon Bailey, as a Management Consultant. The former Director of Motorcare Motor Factors will be joining the firm, chaired by Sir Stanley Thomas OBE, the Welsh businessman and property developer best known for founding Peter’s Food … [Read more...]
Opposition AMs call for Welsh Government investment probe
Welsh Government’s investment strategy has come into question after Aston Martin Lagonda revealed widening losses and slipping sales. The luxury carmaker was enticed to St Athan in the Vale of Glamorgan by the Labour Welsh Government with nearly £20m worth of taxpayer grants in the hope of boosting the South Wales economy. However, today’s financial … [Read more...]
Tax break to push company car drivers into evs
Eight out of ten business employees who currently opt out of a company car scheme are ‘likely’ or ‘very likely’ to move back to company cars and these will be electric, according to a survey by DriveElectric, one of the UK’s leading EV leasing companies. The return to company cars rather than employees taking car allowances is being driven by a number of … [Read more...]
Innovation will influence exhibits at CV show
With a strong move towards electrification alongside the full range of road transport, distribution and logistics supply businesses attending the Commercial Vehicle Show, a host of innovative powertrain options will be unveiled to the public at the NEC Birmingham, 28-30 April 2020. The UK-based manufacturer LEVC will display its new all-electric van for the … [Read more...]
Tradelines 26 February
The new DBX SUV has been given the Q-treatment of bespoke luxuries and features by Aston Martin. The Welsh-made luxury car will be shown in its latest Q-code design at next week’s Geneva motor show. Volkswagen's adding a range-topping premium model to its flagship Touareg line – the Touareg R. The versatile model’s 340 kW (462 PS) plug-in hybrid drive … [Read more...]
Newslines 24 February
Compare the Market analysed the monthly fluctuations in the cost of motor insurance over the last seven years and found that prices are lowest at the start of the year before steadily rising and spiking in December. The data found that the average premium for car insurance was the cheapest in February at £629, compared to £666 for the rest of the … [Read more...]
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