The UK new car market declined by -4.6% in May with 183,724 units registered, according to the Society of Motor Manufacturers and Traders. The fall reflects continued uncertainty over diesel and clean air zones as well as the removal of incentives for plug-in hybrid vehicles and the underlying economic and political instability continues to affect … [Read more...]
Finance News
Shortage of good stock emphasises preparation
An increasing shortage of good quality stock in the used car sector means that there is a growing emphasis being placed on vehicle preparation for sale, says the Vehicle Remarketing Association. The organisation, which represents businesses that between them handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, … [Read more...]
Insurance is covering criminality
Valid motor insurance is proving to be as valuable a disguise for today’s criminals as stockings over the head or a mask was years ago. Using a stolen identity to take out cover, their vehicle details are added to the Motor Insurance Database, allowing them to drive around without attracting police attention. Stealing an individual’s ID and taking out … [Read more...]
Recharging car and your bank account
Cenex launched a detailed analysis of the costs and opportunities of Vehicle to Grid (V2G) charging of electric vehicles (EVs). The report from the technology group found that bidirectional V2G charging, which sees vehicles provide energy from their batteries to the grid when plugged in, delivers greater value and revenues than unidirectional Smart … [Read more...]
Rich & poor divide appears in EV sales
A rich and poor divide is splitting sales of electric cars. The European Automobile Manufacturers’ Association (ACEA) has published new data highlighting the correlation between the affordability of electric cars and their market uptake. This ACEA analysis compares national data on the sales of electrically-chargeable vehicles (ECVs) with GDP per … [Read more...]
New car sales’ steep fall in Wales
New car sales have fallen the steepest in Wales during April, says the SMMT. They dipped over 10% compared to the same month last year to 5,379 new models registered and in Britain as a whole sales slipped just under 4% with 160,606 registrations, and Wales's best sellers in April were: Fiesta, Focus, Kuga, Qashqai, Ecosport, Polo, A-Class, Duster, … [Read more...]
UK car production plunges
Car production in the UK fell by an annual 14.4% to 126,195 cars in March, according to the Society of Motor Manufacturers and Traders. Exports were down by 13.4 % and these account for 80% of production. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming there’s a … [Read more...]
Van low-down guide from the experts
The Low Carbon Vehicle Partnership and Cenex have published a new Low Emission Van Guide. It coincides with this week’s CV Show in Birmingham and the revised licensing for drivers of alternatively fuelled vans announced by the Dept for Transport. The number of vans licensed to operate in the UK has grown by a quarter in ten years to 4.1 million … [Read more...]
New Peugeot 208 deposits accepted
Customers can reserve the all-new Peugeot 208 GT Line with a £500 deposit. Reservations have also opened on the GT Line PureTech petrol, BlueHDi diesel and 100% electric e-208, which comes with a 50kWh battery and 100kW motor, capable of a zero-emissions range of up to 211 miles from a full charge. … [Read more...]
Tradelines 10 April
The SsangYong Rexton is available with a highly competitive 5.9% APR Representative PCP with a £2,500 SsangYong deposit contribution for just £349 over 36 months, plus deposit and optional final payment on the EX manual. SsangYong has announced new 0% APR finance offers over five years and with a 20% minimum deposit on its petrol and diesel Tivoli and … [Read more...]
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