Orders for the new MG ZS EV have exceeded 1,000 models in a fortnight. Customers have been snapping them up from just £21,495 with Government and MG discounts, and its success has meant this price will be held for the next 1,000 orders as well. The first 1,000 customers also received a complimentary home charging unit – an offer which will not be … [Read more...]
Finance News
UK Automotive is struggling
British car manufacturing output fell by more than a fifth in the first half of 2019, with a 15.2% decline in June marking the 13th consecutive month of negative growth, according to the Society of Motor Manufacturers and Traders. Some 666,521 cars rolled off production lines in the first six months, a year-on-year loss of 168,052 units due largely to … [Read more...]
Cost of electric charging is fuel for thought when buying
Laws banning petrol and diesel cars are beginning to be introduced around the globe and forcing car makers to turn their attention to hybrid and fully electric vehicles. Fully electric vehicles may well be the future of low-emission transportation but, for now, hybrid cars are proving an increasingly popular compromise. Dual-energy cars are continuing to … [Read more...]
Pre-reg bargains to be had by canny motorists
Pre-registrations are returning to the new car market in a noticeable manner, members of the Vehicle Remarketing Association were told at the organisation’s latest meeting. Speakers Mike Jones, chair of ASE Global and Rupert Pontin, insight director at Cazana, both indicated in their presentations that late-month registration activity was increasing. Mike … [Read more...]
VW Polo is fastest selling used model
SUVs and smaller family hatchbacks dominate a ranking of Britain’s fastest selling second hand cars, according to research by AA Cars,. The data reveals that Volkswagen’s Polo is the fastest selling car of the year so far, being advertised for the shortest length of time before being snapped up by eager buyers. Motorists have also been quick to purchase … [Read more...]
Charging, range and costs are keys to starting ev drive
Ease of charging, distance travelled on one charge and saving money are the top considerations for drivers when it comes to buying an electric car. In a national Opinium survey of 2,000 UK drivers, commissioned by InsuretheGap, a leading supplier of Guaranteed Asset Protection insurance for new and second-hand cars, four-fifths of drivers answered what … [Read more...]
Recalls about to haunt traders
Outstanding manufacturer recalls could be the next issue of interest for Trading Standards in the used car sector, says the Vehicle Remarketing Association. The organisation, which represents businesses that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that it has received reports of dealers being asked … [Read more...]
New car market collapse concerning, say experts
UK new car registrations declined for a fourth consecutive month in June, with year-on-year demand falling by -4.9% to 223,421 units, according to the Society of Motor Manufacturers and Traders. Some 1,269,245 new cars joined British roads in the first half of the year, down -3.4% as ongoing confusion over low emission zones and diesel, the removal … [Read more...]
Younger buyers moving away from traditional purchase
Paying upfront for a car is increasingly falling out of favour with UK drivers according to the new Britain Under the Bonnet report from Close Brothers Motor Finance. In the past year, the proportion of drivers saying they will opt for finance, leasing or renting for their next car has increased by 15% (from 37% in 2018 to 43% now). While paying for a car … [Read more...]
Tradelines 19 June
A recall has been ordered for Adam and Corsa models in Germany. Authorities believe 210,000 models may exceed NO2 levels in real world conditions across Europe and that’s likely to include thousands sold in the UK. There are hopes that FCA will be able to revive its bid for a deal with Renault, subject to Nissan support. The French Government would … [Read more...]
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