Cash strapped young drivers are most likely to delay necessary repairs or tyre replacements on financial grounds. A poll for the RAC found 25% of those under 25 and 21% of drivers in the 25-44 age group say they have done so, compared to just 5% of drivers aged 65 and older. Among drivers of all ages, 3% have deliberately avoided their MOT, a legal … [Read more...]
Finance News
Fuel prices rising every day
There has been another rise in fuel prices today. RAC head of policy Simon Williams said, “Average pump prices have jumped by yet another penny in just a day. Petrol has now broken through the £1.70-a-litre barrier and stands at 170.54p – its highest since 23 August 2022 – and diesel has risen to 192.86p – its highest since 29 July 2022. "Unfortunately … [Read more...]
Failed infrastructure threatens European green-truck drive
In an extraordinary appearance on one stage together, the CEOs of Europe’s seven leading truck and bus manufacturers warned yesterday, at the IAA Transportation in Hanover, that Europe’s shift to zero-emission heavy-duty vehicles is still being held back by an alarming delay in the conditions that are needed to drive market uptake. They called on European … [Read more...]
Momentum mounts with EV registrations
With EV registrations rising and the used market surging, NFDA Electric Vehicle Approved highlighted growing momentum in the UK’s switch to electric, while calling for continued action on affordability, charging and consumer confidence. Developed by National Franchised Dealers Association (NFDA) and endorsed by the Government’s Office for Zero Emission … [Read more...]
Weekend roadtest: Honda Super-N Advance
Those of a certain age who loved and longed for the original Mini will ooz happiness behind the wheel of the new Honda Super-N. And it will also delight drivers who want a modern city car for commuting and a weekend fun run skateboard to getaway - up to a point. Inspired by the Honda N-One petrol city car of the second decade in the millennium, the Honda … [Read more...]
Used EVs rising in price
Britain's used electric vehicle market is showing clear signs of picking up. After years of prices falling, consumer demand for used EVs has grown this summer, with used prices having posted three consecutive months of annual growth in Autotrader’s records. However, industry leaders warn that there is more to do before the used market can support the next … [Read more...]
Still higher diesel prices coming down the pipeline
Campaign group FairFuelUK warned that UK diesel prices will sharply rise as global refining capacity falls short of demand. Despite crude oil stabilising, diesel remains around 190p/litre, driven by record‑high refining margins and a tightening global supply chain. With UK reserve cover at just 23–26 days, any further disruption — from Russian refinery … [Read more...]
Used EVs adding to challenges and hitting new prices
The used EV sector is challenging even before the new-plate trade-ins arrive this month, say car makers and dealers. SMMT’s latest used car market data is a welcome indicator that Britain’s EV transition is moving in the right direction – even if not as rapidly as hoped. All-electric models accounted for more than one in 18 transactions between April and … [Read more...]
Agency sales have worked for some retailers – Car Dealer
Three years after Mercedes-Benz and Volvo became two of the first major brands to switch to agency sales for franchise holders, Car Dealer examined the most recent filed accounts of companies across their dealer networks, along with newer additions Mini and Honda. Early accounts were dominated by wariness about commission levels, volumes and whether … [Read more...]
Fuel margins growing faster than raw costs
FairFuelUK says official UK Government data indicates diesel and petrol drivers have been consistently overcharged over the past 12 months. Using DESNZ monthly retail fuel prices and ONS refined‑petroleum wholesale indices converted into pence per litre, FairFuelUK found that the retail–wholesale margins for both fuels have widened dramatically — in many … [Read more...]
