OSV’s research has revealed that British-made cars, such as Vauxhall, Roll Royce, Jaguar and Landrover, retain the most value in the first 12 months after purchase, an impressive 65.5% of their original value. Compared to vehicles produced by the likes of France and Italy, which on average retain only 46.2% and 46.7% respectively, it shows that the … [Read more...]
Finance News
£6.5 Billion bill for new car buyers after Brexit
Brexit uncertainty and the prospect of increasing car prices could cost the new car market an estimated £6.5 billion. An estimated 377,000 motorists ‘strongly agree’ that Brexit is making them think twice about buying a new car, according to research by AA Cars, the used car website. Around a quarter of motorists predict leaving the EU will push up the … [Read more...]
Newslines 14 April
An estimated 15 Million cars will hit UK roads tomorrow for an Easter trip. Confused.com polled drivers on their plans and it seems most are planning an average 78miles trip at some time over the holidays. An investigation by Auto Express revealed that over a million owners are ignoring official recall notices issued by car manufacturers to fix safety … [Read more...]
£110 Million EV investment sparked by UK
Britain awarded £110 million to help boost manufacturing of electric vehicle batteries, including a project to build the country's second purpose-built electric battery plant and another to make the technology more powerful. The funding for 38 projects, including £62 million for low-emission cars and £31 million for self-driving vehicles, will help … [Read more...]
Tradelines 12 April
McLaren Automotive is celebrating the beginning of full production of the new 720S supercar, with the completion of the ‘Job#1’ car. The move to full production marks the beginning of a new chapter in the McLaren Automotive story, as the second generation of the Super Series – codenamed ‘P14’ – replaces the first generation, ‘P11’ model family … [Read more...]
Tradelines 29 March
Imminent changes to Vehicle Excise Duty mean consumers have just days to secure a deal on a new car before tax rates soar by up to 2475%.Analysis by What Car? indicates the cost of taxing a car purchased after 1 April 2017 could be up to 25 times more, with even some of the most environmentally friendly plug-in hybrids commanding sharp tax increases and … [Read more...]
Newslines 21 March
Analysis of Porsche trading figures revealed by Automotive News Europe show the company made almost £14,000 profit on each model sold around the world last year. By contrast, Daimler and BMW made about a third of that return. French investigators have cleared Opel of any diesel emissions cheating in its testing operations. But the watchdog has sent … [Read more...]
Budget 2017 – what it means to you
Chancellor of the Exchequer Philip Hammond delivered his first Budget speech today. It was also the final spring Budget as Mr Hammond announced in last November’s Autumn Statement a rescheduling of the two major fiscal-related announcements of the Parliamentary year. Starting in the autumn, Britain will have an Autumn Budget announcing tax changes … [Read more...]
Car tax changes confuse drivers
Two-thirds of Welsh drivers are unaware of the new car tax laws coming into force from 1 April. The research by Confused.com also revealed only one in 10 UK drivers understand the new car tax laws and two out of five UK drivers say the new charges would discourage them from buying a 2017 plate. Amanda Stretton, Confused.com’s motoring editor, said, … [Read more...]
Tax changes confusing companies
Fleets are increasingly seeking external advice to work through the implications of new tax regulations that will take effect from April this year, reports Arval. The vehicle leasing and fleet management company says that the headline changes – affecting Benefit in Kind for drivers entitled to a cash option or a company car, salary exchange schemes and … [Read more...]
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