The National Vehicle Crime Intelligence Service has prevented the theft of or returned 320 stolen finance vehicles across Europe since 2021 with the support of HPI Check data. The NaVCIS is funded by the Finance and Leasing Association (FLA) to recover stolen finance vehicles. The dedicated team has recovered cars from across Europe, with Romania and … [Read more...]
Finance News
Newcomers 6 August
Kia UK has announced pricing and specifications for the Kia EV3, the brand’s most affordable electric vehicle yet due in showrooms later this year. Following the example of the EV6 and EV9, Kia will offer three grades to EV3 buyers in the UK: ‘Air’, ‘GT-Line’ and ‘GT-Line S’, each with a generously equipped specification as standard, with a choice of 58.3kW … [Read more...]
Car makers facing penalties as EV sales fall
Private buyers are turning their backs on new pure electric cars but hybrids are selling well and there's industry concern that the Labour Government's "green" targets will be missed and manufacturers will pay big penalties. July signals a twenty-fourth month of consecutive growth for the new car market, reaching an impressive milestone of two full years … [Read more...]
Majority of cars suffering body damage
Eight in ten British motorists have experienced damage to their vehicle’s body at some point, whether now or in the past. Analysing those who have experienced car damage in their lifetime, 81% of these stated that they’d experienced paint scratches/scuffs on their car, making this the most common damage type, they told pollsters for JTape automotive repair … [Read more...]
Tackle depreciation even before you buy a new car
Whenever you buy a car, it’s inevitable that its value will decrease. In fact, within the first 3 years of car ownership, the value can drop by as much as 60%. Some models do better than others, and the arrival of more electric cars is altering the market as well. With the new plate coming in next month, here's advice for readers hoping to understand how … [Read more...]
Britain & EU losing components business
The European Union’s automotive trade balance is at a critical juncture, with the potential to become a net importer of automotive components for the first time ever in 2024. Despite significant investments in research and development (R&D), the EU’s manufacturing of innovative automotive technologies is increasingly moving abroad. In 2023, … [Read more...]
Wrexham rolling out public ev points
Wrexham County Borough Council has signed a partnership with Costelloes EV Group to oversee the operation, maintenance, and installation of electric vehicle charge points (EVCPs) on council-owned land. This long-term, fully funded partnership aims to expand the network of chargers across the county at a lower cost and enhance service quality. Costelloes, … [Read more...]
New expanding brands now supplying service data
Data company epyx is reporting a large influx of new motor manufacturers to its core service, maintenance and repair platform. Their 1link Service Network is used by fleets totalling more than four million cars, vans and trucks to manage their SMR processes, working with thousands of franchise dealers, independent garages and fast fits. Greg Tucker, head … [Read more...]
Spending cutbacks will hurt GB recovery
Government spending cuts will limit logistics’ ability to kick-start economic growth, says logistics uk. The announcement of government cuts in infrastructure spending will limit the ability of the logistics sector to kickstart economic growth, says business group Logistics UK. Policy Director Kevin Green said that the lack of focus on infrastructure … [Read more...]
Younger drivers turning towards subscription services
New data from Wagonex revealed that younger drivers are most likely to acquire a car on subscription. Drivers aged 26-35 are six times more likely to get a car on subscription than those aged 56-65, and eleven times more likely than those aged 65+. With the latest sector statistics revealing that the UK’s car subscription market is the biggest in Europe … [Read more...]
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