One-in-five drivers (20%) under the age of 44 have driven illegally by not putting their car through the MOT or replacing tyres when needed to save money in the cost-of-living crisis, says the RAC. Among drivers of all ages, one-in-10 (10%) admit they’ve failed to replace worn-out tyres or skipped the MOT, which is a legal requirement that guarantees the … [Read more...]
Finance News
Dealerships in chaos after commission ruling
Car and van buyers have been blocked from collecting new models this week for 1 November as UK finance firms hold back monies due to dealers. It follows a Court of Appeal decision last week which outlawed undisclosed commission payments. Dealers were unable to allow collections or deliver cars as finance companies paused paying out on business already … [Read more...]
EV vans rising registrations
The latest data from the Department for Transport shows a 111% surge in the number of company-owned electric vans over the past two years. However, despite this significant growth, Vansdirect warns that there is still a long way for British businesses to go when it comes to embracing electric, as EVs only accounted for 7% of all newly registered fleet vans … [Read more...]
Premium prices slipping back, say Compare the Market
The cost of car insurance has fallen by £72 (-8%) year-on-year, according to new Premium Drivers research from Compare the Market. The average premium declined to £776 in September 2024, compared to £848 in September 2023. August 2024 and September 2024 were the first months where car insurance premiums have been cheaper than the same period in the previous … [Read more...]
Escalating costs of essential cars
New research by LeaseCar UK revealed drivers could have to pay up to £30,000 in their first year of owning a vehicle. It’s no secret that owning and running a car is one of the biggest outgoings, but one deemed as necessary by 69% of the UK. More than 11 million Brits have less than £1,000 in savings - making buying a car outright impossible for many … [Read more...]
Weekend roadtest: Lexus RZ450e
Lexus has just raised the game in the fierce fight for buyers looking at zero-emission pure battery premium cars. Enter the Lexus RZ450e series of nine models from £55,595 to £66,695 in Urban, Premium, Premium Plus and Takumi with choice of 18 or 20 inch wheels and single or bi-tone paint finishes. The 450e has the latest electronic axles effectively … [Read more...]
Remove tax barriers to safety and save lives, says IAM RoadSmart
The UK’s leading road safety charity, IAM RoadSmart, is calling on the Chancellor to take steps to both saves lives and reduce the impact of road traffic collisions in her Autumn Budget. By incentivising the take-up of additional road safety courses through the tax system, it will also help save motorists money as the UK emerges from a cost-of-living … [Read more...]
Used EVs myth busted
A new white paper from the Vehicle Remarketing Association is designed to “bust” 10 of the most common myths surrounding used electric vehicles. Called “EV Misconceptions”, it has been authored by battery electrochemist Dr Euan McTurk, creator of Plug Life Television, a YouTube channel about EVs. It covers topics including range, battery degradation, … [Read more...]
Charging inequity review by Government
A week before the Autumn Statement, fleets have been encouraged by an anticipated change in electric vehicle recharging costs. New government comments on tackling charging “inequity” are good news for fleets when it comes to future electric vehicle adoption, says FleetCheck. It hopes to see a massive drive to install more charge points, build up the … [Read more...]
Newslines 22 October
Cardiff and Vale College has secured planning consent for a £65m new advanced technology centre at Cardiff Airport. The 130,000 sq ft project has been approved by Vale of Glamorgan Council as one of two new campuses in a £100m investment located alongside the college's existing International Centre for Aerospace Training and accommodate around 2,000 … [Read more...]
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