The growing popularity of SUVs in all sectors of the company car fleet market means that fleets could increasingly struggle to hit cost and emissions targets, says Chevin Fleet Solutions. The fleet management software specialist points out that even the most car-like of SUVs tend to have worse emissions and fuel economy than their equivalent hatchbacks or … [Read more...]
Finance News
Brexit boost to used car sales
The decision to leave the EU could provide a boost to the used car sector at the expense of new car sales, predicts Startline Motor Finance. The company believes that the economic conditions already resulting from Brexit – especially the weaker pound and higher cost of capital – will make it very difficult for motor manufacturers to continue offering the … [Read more...]
Britain is a nation of wheeler dealers
According to research, within three months of buying a used car half of Brits have found a fault that has had to be repaired. The online vehicle purchasing company, SellCar, has discovered that on average Brits are forced to spend £182.65 to fix their used car within the first three months of ownership. But is this the buyers or the sellers fault? … [Read more...]
Britain’s secret ‘grey fleet’ is keeping UK moving
The full extent of the UK’s “grey fleet” is revealed in the most comprehensive report into private vehicles used for business. The nation’s grey fleet comprises 14 million cars – 40 per cent of all vehicles on the road – and costs employers more than £5.5bn a year in mileage claims and car allowances. Many are used in the public sector instead of … [Read more...]
Welsh Government statement on Circuit of Wales
Revised investment plans for the proposed Circuit of Wales were yesterday rejected for a second time by the Welsh Government. Ken Skates AM, Cabinet Secretary for Economy and Infrastructure said in a statement to the Senedd and media yesterday afternoon, "I would like to update Members on progress with the Circuit of Wales project following a meeting I … [Read more...]
Audi sports cars are A-rated for low running costs
Audi sports cars come with an A-rating for low costs. The latest analysis from cap hpi looks at the total cost of ownership to reveal the 10 sports cars with the lowest motoring costs over the first 3 years. Once all the servicing, fuel and other motoring costs are taken into account, which cars perform the best? The Audi TT Coupe 1.8FSI sports 2DR … [Read more...]
Pump prices not fuelling EU exit row
A pump price rise has not fuelled the row over Britain voting to leave the EU, says the RAC. RAC fuel spokesman Simon Williams said, “Despite the dramatic fall in the strength of the pound in the aftermath of Britain’s referendum vote to leave the European Union there has not been as big an effect on wholesale fuel prices as might have been expected. This … [Read more...]
Motorists will face uncertainty of Brexit for years, says AA
The AA stresses there are many unanswered Brexit questions and that it will take months, possibly years, to negotiate a complete picture for motoring and the motor industry in the UK. The following is the AA's best understanding of the immediate implications. Fuel Prices In terms of the price of petrol at the pumps, there will be a period … [Read more...]
Outlander sparks fly with hefty cut
Mitsubishi has effectively slashed the price of its Outlander PHEV by £2,500. Calling it a finance deposit contribution with 0% APR, the offer is available on cars registered between before 28 September. The Mitsubishi Outlander PHEV is exempt from road tax and qualifies for the Government’s £2,500 plug-in car grant and company car drivers can reap the … [Read more...]
New car registrations hit 14 year high
New car registrations were the highest for 14 years in May. SMMT said 203,585 cars were registered in the month, the highest May figure since 2002. It was a steady 2.5% growth over the same month last year, and follows the trend of the previous two months, as fleet registrations drove the growth, with an 8.8% rise counterbalancing a -3.0% fall in … [Read more...]
