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...]
Finance News
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...]
Diesel decline accelerated last month
Diesel’s decline continued on new car forecourts last month. It was the 12 consecutive month of falling sales but an inflated registration spike in March 2017 to beat tougher emissions requirements and tax rates has distorted the tables for March 2018 although the underlying trend is bad for diesel. Figures from the Society of Motor Manufacturers … [Read more...]
Extortionate GAP insurance from dealers – claim
Car dealers are ripping off buyers with GAP insurance products, claims one specialist insurer. Dealerships are selling Guaranteed Asset Protection insurance to car buyers for up to ten times more than an equivalent policy from a specialist GAP insurance company. One car buyer bought a Mercedes-Benz A180 CDI Sport for £20,000 and was quoted £1,000 for … [Read more...]
Diesel costs more than you may think, says analysis
The fall in oil prices will be a welcome relief for UK motorists as data shows drivers could be burning through as much as 75 per cent more fuel than stated by manufacturers. Carly Connected Car, the worldwide number one in car apps, has released data collected from over one million vehicles, including 150,000 from the UK. The data shows … [Read more...]
Lots to sort in BREXIT talks, says FTA
The announcement of a Brexit transitional period ending in December 2020 will be a welcome relief for manufacturing and retail businesses exporting and importing from the EU, according to the Freight Transport Association. However, FTA has warned that there is still much to agree on the detail of the UK's departure from the European Union, and the EU's … [Read more...]
Best cars for retaining value, from the expert
The minute you drive your new car out of the dealership, its value dramatically drops - but there are some models that will hold their worth far better than others. If you're thinking of buying a new car for the April 18-plate, you should consider that Automotive data experts cap hpi has compiled this list of depreciation busting cars – vehicles that … [Read more...]
Tradelines 14 March
Ford sales grew 8% in Europe's 20 markets in February, marking its best February in 10 years and after a 21% jump to 12,000 in the UK. The growth was powered by strong demand for SUVs up nearly 37% in February, driven by record EcoSport sales up 68 %, record Kuga sales up 28% and “Ford of Europe built momentum in February, continuing our best start to the … [Read more...]
Drivers’ disappointment over Spring Statement
The Chancellor’s Spring Statement is disappointing for drivers, says the RAC. RAC head of roads policy Nicholas Lyes said, “The announcement that the Chancellor will look at the possibility of reducing VED for businesses that buy cleaner vans is very welcome and we look forward to seeing more detail on this. “But motorists will be very disappointed … [Read more...]
Elephant on car forecourts needs moving
There is an elephant on car forecourts, says one industry observer. The Government must stimulate the switch to hybrids and electric cars with the collapsing sale of diesel and a general slowdown in new car sales, said Alex Buttle, director of car buying comparison website Motorway.co.uk. "Again flagging diesel sales are the recurring and seemingly … [Read more...]
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