Finance News

Car ownership lifetime cost is over £206,000

23 February 2018

Owning a car will set the average motorist back more than £206,625 during their lifetime on the road. A study of 2,000 drivers revealed just how much they can expect to spend on repairs, petrol and parking, as well as insurance and car tax. It revealed car maintenance sets the average owner back £439 per year as they fork out for essential upkeep and … [Read more...]

Electric vans now matching diesels’ cost, say analysts

23 February 2018

The costs of emissions-free, electric vans are now as low as their diesel competitors. That’s according to a new study by consultancy CE Delft that focuses on the small van segment largely used in cities and which accounts for 40% of total van sales in the EU. The study takes into account purchase price, taxes, fuel bills and maintenance costs over … [Read more...]

Ignis, Kuga and 3008 are top SUVs, say analysts

12 February 2018

As Rolls-Royce and Ferrari announce plans for an SUV, the used car experts at data company hpi have crunched the numbers to pick some more affordable ways to put one on your drive. While the Ford Fiesta was the biggest seller of 2017, the SUV segment was the only one to grow overall. The hugely popular vehicles blend practicality with an appealing on the … [Read more...]

Supercars still selling well – on used forecourts

7 February 2018

Supercars are selling strongly on the used market in Britain. BCA reports strong demand for the luxury and supercar sectors in the UK as sales of high value vehicles in 2017 often substantially outperformed guide price expectations. BCA sold a range of vehicles from the luxury and supercar sectors for over £100,000 last year, including Audi R8 Spyder, … [Read more...]

Sales slide indicating worse to come, warn analysts

5 February 2018

New car sales in Wales slipped 5.5% in January. Dealers reported 5,333 new cars registered in Wales last month compared to 5,641 12 months ago, the SMMT reported. That was a slightly better performance than the UK combined figure which saw a 6.3% decline with 163,113 new cars leaving showrooms. Bad weather in Scotland seriously impacted on sales north … [Read more...]

Falling car sales hit trade and Government revenues

31 January 2018

An estimated £2.6 billion loss of revenue has resulted from the 5.7% fall in new car sales last year given by figures from the Society of Motor Manufacturers & Traders, according to AA Cars. AA Cars explored the key reasons underpinning this decline in new car sales and surveyed almost 20,000 drivers. It found that 31% of motorists blamed this … [Read more...]

Newcomers & incentives lining up

5 January 2018

New Citroën C4 Cactus hatchback is now available to order in the UK from £17,265. Benefitting from the Citroën Advanced Comfort programme, this new model represents a European premiere for the brand’s new suspension system with Progressive Hydraulic Cushions™ and a world first for its Advanced Comfort seats. Renault has announced a range of offers on … [Read more...]

Buyers’ back-seat thinking on EVs is changing

1 January 2018

Environmental factors have become the second most important consideration to prospective car buyers, behind only price, according to new figures from comparethemarket.com in its latest Premium Drivers report. The new figures show that 25% of people consider environmental impacts, such as fuel, carbon efficiency and alternative fuel, as the most important … [Read more...]

Car dealers warned over money laundering

6 December 2017

Car dealers are likely to be facing questions and fines from HMRC if they fail to research big spending buyers. Failure to properly investigate the purchase of luxury cars can land them in serious trouble under money laundering and profits of crime laws, says analytics specialist Fortytwo Data. HMRC is concerned that not all dealers are carrying out … [Read more...]

Improvements before investment, firms tell pollsters