New-plate car sales in Wales last month slipped 3.41% to 15,783. That was the average for the UK as a whole but in Scotland it fell almost 10% and the total UK registrations in March reached 457,220. In Wales, the top ten was dominated by Ford with Fiesta, Kuga and Focus taking the first three places, followed by Yaris, Corsa, Qashqai, Polo, Golf, … [Read more...]
Finance News
Newslines 5 April
Hyundai Motor UK has announced the introduction of the PLAY special edition models to the multi award winning i10 and i20 ranges. The PLAY special editions present an opportunity for customers to have the combination of both higher equipment levels and a low entry price from just £11,195 from the 8 April. Less than half the nation own cars … [Read more...]
Recognition for car services at Business Motoring Awards
In an increasingly complex business car marketplace, the Business Motoring Awards 2019 has recognised best practice in the sector from the likes of Northgate and Volkswagen Commercial Services. The winners’ list of the Business Motoring Awards, supported by Fleet Alliance, a leading lease car supplier to the SME business sector is: Best Car … [Read more...]
More owners turning to used models instead of new
Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion … [Read more...]
Welsh drivers spent almost £4,000 on first cars
New drivers in Wales are forking out just over £3,900 for their first car. In the North West and London they splash out more than £5,000 on their first wheels. The average amount of money spent on buying a new driver’s first car is now £4,276, an increase of 42% on the 2017 figure of £3,005. According to GoCompare Car Insurance new drivers in the … [Read more...]
New car tax changes and how they affect you
The Government’s Spring Statement 2019 has outlined how April 2019 changes to vehicle-related taxes will hit fleets and drivers. Chancellor of the Exchequer Philip Hammond’s second Spring Statement was an update on the health of the UK economy and the state of the Government’s finances, rather than laying out any major new tax or spending … [Read more...]
New car buyers are sensible, sometimes
Britons buying new cars are a sensible bunch, according to a new Opinium survey of 2,000 drivers. Most diligently research cars before picking one; however, it also found plenty of people swayed by emotional factors from how good a car looks to whether it had that new car ‘look and feel’. Overall, an impressive 81.2%, of the Welsh drivers surveyed, … [Read more...]
European car prices face rise but Japanese go down
Some european cars will rise in price under the Government’s proposed post-Brexit tariffs structures. The new tariff regime would mark a shift in favour of products from non-EU countries. Even so, they mean 82% of imports from the EU would be tariff-free, down from 100% now, while 92% percent from the rest of the world would pay no border duty, up from … [Read more...]
BREAKING NEWS; Infiniti close Sunderlnd, pull out of Europe
Nissan’s luxury Infiniti brand is ending production in Sunderland and pulling out of Western Europe. Production of the Q30 and QX30 will cease within months at the plant which was told just last month that it will not get the next Nissan X Trail SUV. The decision is likely to wipe thousands of pounds off the value of any UK Infiniti models and … [Read more...]
Tradelines 6 March
A proposed ban on commercial vehicles using tyres over ten years old has attracted qualified support from the Freight Tansport Association. It says many member fleets would need tyres replacing inside a decade but some very low mileage vehicles should be exempt from the ban. About 79M cars were sold worldwide in 2018, say the manufacturers. There … [Read more...]
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