Finance News

Diesel costs more than you may think, says analysis

23 March 2018

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

21 March 2018

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

16 March 2018

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

14 March 2018

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

13 March 2018

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

7 March 2018

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...]

Write-off changes surprise for some

5 March 2018

As we enter the peak period for second hand car sales a survey of 100 consumers by vehicle history checker mycarcheck.com found that 89% were unaware of the recent write-off category changes. In October 2017, the old A, B, C and D categories were replaced with new codes, which focus on safety rather than the cost of repair: A (scrap), B (break), S … [Read more...]

MB C Class hits top spot, with thieves

28 February 2018

The 2017 league table from Tracker of Top Ten Most Stolen and Recovered Vehicles places the Mercedes-Benz C Class in poll position for the first time, rising from 4th place in 2016. The BMW X5 drops to second place as it leaves the top spot for only the second time since 2011. The 2016 Top Ten, like many previous years, was entirely dominated by … [Read more...]

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