A mystery shop of car dealerships has revealed there is nation-wide consumer confusion about car finance, stemming from a lack of transparency and inconsistent sales practices. The research by Confused.com comes ahead of the results of a review by the Financial Conduct Authority into the growing motor finance sector, which will review potential for … [Read more...]
Finance News
Welsh car sales rise against the tide
Wales bucked the trend as summer burned new car dealers with sales down 3.5% in June, according to figures from the SMMT. The news came on the day that JLR said it would have to reconsider planned UK investment if there is a “bad” Brexit deal, possibly close some British factories and make thousands redundant. Six months ago, JLR announced cuts at … [Read more...]
New-car delivery delays boost nearly-new values
Demand from dealers for nearly new stock is increasing thanks to long waiting times for many new cars, reports Meridian Vehicle Solutions. Phil Jerome, managing director, explained that his company’s medium term rental model meant that it almost exclusively defleeted 6-12-month old prestige and semi-prestige cars, and so had a strong insight into this … [Read more...]
White van man is becoming a myth
IAM RoadSmart has discovered that the myth of ‘white van man’ recklessly tearing his way up and down the country may be just an urban myth after all. In spite of vans being the fastest growing type of vehicle on UK roads in terms of miles travelled, serious and fatal crashes involving them are falling. Vans and light good vehicles now travel 49 billion … [Read more...]
EVs’ Smart idea for growing numbers
More than 8 million people in Britain are considering buying or leasing an electric vehicle in the next 5 years, according to a new survey. The findings by Populus on behalf of Smart Energy GB highlight the importance of smart meters to the uptake of electric vehicles. It found: More than one third of drivers (34%) would be more interested in … [Read more...]
Tradelines 30 May
Mercedes-Benz North Wales Apprentice Charlie Mason was chosen as ‘Passenger Car Technician Apprentice of the Year’ thanks to his hard work. The awards recognise young people who have gone above and beyond in their workplace, at the Academy and for their customers and Georgia Parslow, from Mercedes-Benz of Epsom, was awarded ‘Passenger Car Parts Specialist … [Read more...]
Triple whammy hitting fleets
A “triple whammy” means that fleets are in their biggest ever state of policy flux, says fleet software specialist FleetCheck. The WLTP fuel and emissions measurement changeover, the “demonisation” of diesel and the lack of information about company car taxation after 2020 are creating a high degree of confusion and frustration, says Peter Golding, … [Read more...]
Mileage fraud is bigger than believed
Mileage fraud may be more prevalent in UK than previously thought, with the practice risking driver safety as well as costing millions of pounds every year. Carly - Connected Car, the world market leader in mobile car electronics, has found the top four UK hot spots where 18 per cent of vehicles are displaying the incorrect mileage, three per cent higher … [Read more...]
Resilience threatened by uncertainties over future say FTA
After a year of resilient trading in 2017, the UK's logistics industry expects continued success in 2018 despite the uncertainties posed by Brexit and continued economic instability, according to a new report from the Freight Transport Association. The FTA Logistics Report 2018, in association with Santander, polled the opinions of around 500 freight and … [Read more...]
Electric vehicle used-values rocket 41%
The first quarter of 2018 has seen the value of used cars rise by an average of 5.3%, according to the latest analysis of vehicles sold on Autorola UK’s online portal. Autorola saw prices rise to £10,008 during Q1 from £9,504 in the last quarter of 2017. Highlights of the first quarter trading in 2018 include a 41% increase in the average selling … [Read more...]
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