A new platform called CarWizz enables automotive retailers to take back control of online vehicle sales and significantly reduce ageing new car stock. By only advertising list price figures for stock vehicles, CarWizz returns full control of negotiations and deal quality to retailers while also facilitating lower operating costs and informing future … [Read more...]
Finance News
Winter car sales need booster injection
The UK new car market declined again in October, with 153,599 vehicles registered, according to the Society of Motor Manufacturers and Traders. Deliveries fell by -2.9% in the month, as model changes and backlogs at test houses conducting tough new WLTP emissions certification continued to cause shortages across some brands. Wales bucked the trend with a … [Read more...]
Green motoring gets red card from drivers
Almost three quarters (71%) of UK motorists say affordability is a main consideration when purchasing a new vehicle, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further 56% care about how economical a vehicle is to run, showing additional interest in cost. Other key attributes include fuel type (55%), engine size … [Read more...]
Tradelines 31 October
An additional £7.5m to help Welsh businesses including the automotive sector build resilience in order to cope with the challenges of Brexit was announced by Economy Secretary, Ken Skates. The £7.5m, which is part of the Welsh Government’s £50m EU Transition Fund, will be used over the next three years to help companies develop the new expertise and … [Read more...]
Trick and treat claims over Budget review
There have been very mixed reactions to yesterday's Government spending review. The BVRLA has welcomed the Government’s decision to conduct an urgent review into the impact of WLTP on Vehicle Excise Duty and company car tax. In today’s Budget it was announced that the review would report back in time for the Chancellor’s 2019 Spring Statement. … [Read more...]
On line auction group opens three prep-centres
Online-only sales operation CD Auction Group has opened three new return sites for processing cars and vans before they go into a web-sale. Located in Bolton, Gloucester and Thurleigh, the new sites offer rental, leasing and corporate sector clients access to localised defleet services including, vehicle inspections, on-site bodyshop and valeting … [Read more...]
BIK burden soars for company cars
Data experts cap hpi revealed the tax burden on company car drivers has soared over the last decade. The study looked at the popular fleet vehicle the BMW 320d SE and found that while the list price of the vehicle had risen by 23%, the BIK had risen 105% since 2009. In the same period, real wages have only risen 20%. The company is calling for the … [Read more...]
Newslines 22 October
Abolition of the Severn Tolls in mid-December is expected to raise the number of vehicles using the two crossings by six million in four years. It will then approach 24M annually and put additional strain on roads west of Newport and the result of a public enquiry into a southern relief road around the city is shortly expected. London taxi firm Addison … [Read more...]
Sacrifices for a super-car or shopping car explained
The savings you would make to own a supercar have been probed. Compare the Market reveals that over 40% of car enthusiasts would consider cutting back on monthly spending to afford a luxury or supercar in the UK but how far would we really be willing to go to afford our ideal motor? The study revealed that 23% of female car enthusiasts would move back … [Read more...]
VW camper holds strong residuals for “staycations”
Owners of Volkswagen California camper vans are sitting pretty after data from automotive experts reveals that the vehicles are experiencing very little depreciation, making them a much sought after investment for motorists who love life on the road. Based on the 2.0 California TDI BlueMotion Tech Beach 150 5dr DSG model (1767 plat), the depreciation is … [Read more...]
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