New car registrations are booming but there are doubts over who is actually making sales. The SMMT said yesterday that 2,685,724 new cars were registered last year, a 2.3% increase on the year beforehand and fifth year of growth. But the registrations in Wales, the only part of the country to see a fall, dipped 1.4% to 91,940. That could be … [Read more...]
Finance News
Isuzu pull in some seasonal offers
Isuzu has special offers on D-Max Yukon and Utah models. D-Max Yukon comes well equipped with 17” alloys, leather steering wheel with audio controls, cruise control and chrome trim to the grille and rear bumper. Utah takes this a step further, with boasts automatic climate control, leather upholstery, and heated front seats which come in handy on cold … [Read more...]
Analysts expect 2017 car sales to fall
The UK new car market will fall by around 3.5% next year to around 2.6 million cars, predicts Glass’s. However, while the figure looks disappointing in isolation, the vehicle data provider points out that this will still be higher than any year in the last decade except 2016. Rupert Pontin, director of valuations, said: “We have become used to the new … [Read more...]
Fifth of motorists pay more than car’s worth
A fifth of UK motorists have paid more for a vehicle than its true value, says HPI. It found paying over the odds for a car was highest amongst 18-24 year olds (30%) and nearly a fifth (17%) admitted rushing the purchase of their first car, as they were eager to get on the road and start driving. Three quarters (74%) of drivers also confirmed they … [Read more...]
Wales leads as car sales pass historic record
New cars are pouring onto UK roads at a faster rate than ever, led by Wales. SMMT figures show 184,101 new cars were registered in the UK this November, with the market increasing by a steady 2.9%. The growth has helped deliver more than 2.5 million new cars on to British roads so far this year – the first time the milestone has been reached in … [Read more...]
PCP schemes expected to cost more
The falling value of the pound is likely to see monthly PCP new car payments rise in 2017, predicts Glass’s. The vehicle data specialist says that manufacturers importing their vehicles into the UK will need to recoup margins somewhere and that PCP payments are the least unpalatable choice. Rupert Pontin, director of valuations, explained, “The pound … [Read more...]
Rail industry: Wales must not be left in the sidings
The Railway Development Group that represents train-operating companies has shone a searchlight on the impending boom in supplying rolling stock to meet demand, says transport economist Prof Garel Rhys. This is in addition to the redesign of antiquated stations and other infrastructure. Apart from interest in attracting facilities to make … [Read more...]
Silverstone sale is back on the grid
Silverstone is back on the market. JLR has pulled out of the proposed purchase of the F1 venue to use it as an engineering base and another bid by millionaire Ginetta owner Lawrence Tomlinson has also lapsed. Reports say that Porsche, which has base at the track, holds a covenant which would stop another car maker using the facility for more than 45 … [Read more...]
Finance checks need overhaul, says provider
Motor finance companies need to adopt technology that allows them to credit check a potential customer without leaving a footprint on their file, says Startline Motor Finance. CEO Paul Burgess explained that multiple footprints on customer files held by credit checking agencies tended to lead to a reduced credit rating – but that in 2016, with more and … [Read more...]
End of the road for fleet managers
Once hailed as the guardian of the company car, the traditional fleet manager is now an endangered species, especially in the small business sector, as the resource intensive role becomes difficult to justify from a cost efficiency point of view. According to a new report - Modern fleet management and the drive to reduce costs - from CBVC Vehicle … [Read more...]
