Car dealers are likely to be facing questions and fines from HMRC if they fail to research big spending buyers. Failure to properly investigate the purchase of luxury cars can land them in serious trouble under money laundering and profits of crime laws, says analytics specialist Fortytwo Data. HMRC is concerned that not all dealers are carrying out … [Read more...]
Finance News
Improvements before investment, firms tell pollsters
SME manufacturers are looking for productivity gains from their workforce and existing equipment ahead of investment in automation, according to The Engineer. The quarterly survey asked over 280 manufacturers how they plan to increase their business’ productivity, with 43 per cent saying they will invest in new equipment and only 40 per cent planning to … [Read more...]
Brakes still going on used-car sales, reports SMMT
The UK’s used car market declined for a second consecutive quarter in Q3, according to the Society of Motor Manufacturers and Traders. But overall, 2017 remains level with 2,102,078 second hand cars changing hands from July to September, representing a fall of -2.1%. Year-to-date, the market remained at record levels after a bumper first quarter, with … [Read more...]
Stick with diesel and save £380 annually
Motorists could save a minimum of £380 per year by sticking with diesel vehicles according to vehicle data experts cap hpi. The company is warning that motorists could find themselves out of pocket potentially by hundreds of pounds each year if they choose to switch to a petrol model from the diesel equivalent. Expert analysts from cap hpi have … [Read more...]
Tradelines 8 November
BMW is considering whether it needs to recall models in the UK after a million were found with potential fire risks in the US. There are two issues being investigated, one on 3 Series models and the other more widespread and affected models are being examined. Mitsubishi Motors in the UK has answered the changing requirements of today’s car buyers with … [Read more...]
Don’t catch a cold with a winter 4×4, says hpi
As the weather takes a turn for the worse, many motorists may consider buying a 4x4 for the winter months. hpi say that recent models to launch that have seen low to zero depreciation and they are Seat Ateca, Skoda Kodiak and Ford Kuga. hpi recently launched a vehicle valuations service to give consumers the ability to buy and sell … [Read more...]
Tradelines 27 September
Economy Secretary Ken Skates announced the red route as the preferred option for the £250m Deeside corridor scheme. The scheme, which aims to modernise and relieve pressure on the stretch, will see increased capacity on the existing A548, with a new road linking the A55 and A548 just after the Flintshire Bridge. A 44-year-old female driver from London … [Read more...]
Clocking cars increases under PCP limits
The number of cars on UK roads showing mileage discrepancies is costing motorists over £800 million every year according to hpi, one of the UK’s leading authorities on vehicle checking services. The automotive data experts say the number of cars affected has also risen to one in 16. The figure has worsened from one in 20 cars less than three years … [Read more...]
BIK is too baffling for many who miss savings
A company car is widely considered to be one of the biggest perks that a job can offer, but leading independent car specialists, OSV, have discovered that around half of all company car drivers don’t really understand what their vehicle means for their tax status. While 27% of company car drivers did not realise that there had been changes made to the way … [Read more...]
Budget buying best for younger people
One in five drivers prefer to budget and pay for their car on a monthly basis, says InsuretheGap. This is better than worrying about its total cost knowing they will upgrade once their finance contact runs out, according to the Opinium survey of 2000 UK drivers commissioned by InsuretheGap.com. The provider of Guaranteed Asset Protection insurance is … [Read more...]
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