Volkswagen UK has reduced the price of the e-Golf to £31,075 RRP OTR, which equates to £27,575 after the Government’s Plug-In Car Grant. An OTR price reduction of £2,765 makes the e-Golf an even more value-friendly offering. This pure-electric family car combines the familiarity of the Golf and the assurance of Volkswagen quality with zero-emission … [Read more...]
Finance News
Shocking battery costs revealed
Dealers are charging as much as £1,248 just to supply and fit a new battery on an ordinary family car, a new investigation by Auto Express has revealed. Massive variations in the prices different dealers demand for the same work were also revealed in the mystery shopping exercise comparing the cost of new batteries for Britain’s 20 best-selling … [Read more...]
BEV sales are boosting business
Battery electric vehicle demand doubled in July across Europe. Despite continuing economic uncertainty and diminishing consumer confidence, the European car market registered growth in July 2019, as registrations were up by 1.2% to 1,325,600 units. Although the growth was marginal, it marks a significant improvement on the drop seen in June, when … [Read more...]
Survey shows evs with worst depreciation
A new study shows striking differences in the depreciation of ten popular electric and hybrid cars from their purchase price three years ago to their current value. InsuretheGap.com found that the pure electric Renault Zoe lost the most value, depreciating by 61% in three years from its purchase price of £19,988 to only £7,830 value in … [Read more...]
Steep rise in compulsory excess on motor policies
Research from GoCompare reveals that since 2012, the average cost of compulsory car insurance excesses has risen well above the rate of inflation. Depending on their policy, drivers can now face compulsory excesses for a fire, theft or accidental damage claim of up to £3,000, compared with a maximum of £475 in 2012. Average excesses for accidental damage … [Read more...]
Motorists pay hefty price for auto-renewal insurance policies
Ahead of one of the busiest months for car insurance renewals, GoCompare Car Insurance revealed millions of motorists are overpaying to the tune of £982m a year for their car cover by allowing their insurer to automatically renew their policy. At their last renewal, 4.1 million drivers rolled-over their insurance without checking to see if they could get … [Read more...]
Tradelines 28 August
The Petrol Retailers Association has welcomed hints carried by national media that the Treasury may be considering fuel duty cuts in the upcoming Autumn Budget, said Brian Madderson, Chairman of the PRA. Senior sources have confirmed that the Government would announce the 2ppl fuel duty cut later this year - the first reduction of the motoring tax in … [Read more...]
New car discounts are rising
New car discounts have steadily increased since the beginning of the year as the motor trade struggles to shift stock. Citroën retailers have offered the biggest discounts on new models, with nearly 12% savings since the start of the year, according to exclusive What Car? research. Premium brands, including BMW, Mercedes-Benz and Volvo among those offering … [Read more...]
Insurers are raising motor costs by stealth
Analysis of car insurance policies reveals that since 2012 admin fees have become more commonplace with charges increasing by twice the rate of inflation, but you'd hardly know about it. Cancellation fees have risen by 49% since 2012; Charges for mid-term policy alterations have increased by 38%; GoCompare Car Insurance urges drivers to … [Read more...]
Newslines 16 November
The sky’s the limit with the next Volkswagen T-Roc Cabriolet. The powered soft-top SUV will be shown at Frankfurt Motor Show next month and it follows the Beetle, Golf and Eos convertibles and will on sale early next year. The UK’s used car market declined by a moderate -2.8% in the second quarter of the year, according to Society of Motor … [Read more...]
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