Young motorists aged under 25 could save up to £281 on their car insurance by adding an experienced named driver to their policy, said Compare the Market. It reveals the typical premium for a young driver is £1,859 with an additional named motorist on the policy. Without any other named drivers on the policy, the average premium for a young person is … [Read more...]
Finance News
Newslines 8 July
BYD Auto plans to build a US$1bn electric vehicle assembly plant in Turkey to target the domestic and European markets and circumvent EU proposed tariffs which would have pushed up prices by nearly half. The Chinese car maker has already announced a factory it will build in Hungary as it pushes expansion outside its home country and both investments will … [Read more...]
Wish list to put the wheels under UK economy
Following last week's General Election, the automotive sector has written its wish-list for the new Labour Government and what it sees as priorities to boost sales and the economy on wheels. The RAC is calling for the new Labour Government to urgently tackle the most pressing concerns of the UK’s 40m motorists in its new transport policy. The poor state … [Read more...]
Weekend roadtest: Honda e:Ny1 Elegance
Honda has just raised its game in the burgeoning Battery Electric Vehicle battle in Britain. Earlier this year it rolled out its family focussed e:Ny1 in two trim levels. The Elegance opens the range from just under £40,000 and comes with heated front seats and 15.1-inch infotainment screen while for just over £2,000 more the Advance version gains a heated … [Read more...]
Newslines 5 July
Ferrari is introducing two new extended warranty services dedicated to owners of the SF90 Stradale, SF90 Spider, SF90 XX Stradale, SF90 XX Spider, 296 GTB and 296 GTS, as a first for the company's plug-in hybrid cars. The two programmes, named Warranty Extension Hybrid and Power Hybrid, aim to satisfy those who wish to preserve the performance and … [Read more...]
Kia charge in with EV incentives and low finance
With sales soaring, Kia has launched big incentives to switch to its expanding range of electric models. Offers begin this week and end Monday,30 September, with 2.9 per cent APR on finance options for EV6 (above), Niro EV and Soul EV; 4.9 per cent APR available on the fully electric Kia EV9; upgrade to EV with a £500 saving for existing finance customers … [Read more...]
New car registrations pushed over a million
The UK new car market has hit the million motors mark for the first time in five years, after new car registrations rose in June by a modest 1.1% to reach 179,263 units, according to the Society of Motor Manufacturers and Traders. As a result, so far in 2024, 1,006,763 new cars have been registered, up 6.0% on the previous year but still down -20.7% on … [Read more...]
British breakthrough in EV battery design
Nyobolt is taking its high-power density, fast-charging battery technology from the lab into the real world by revealing the first running Nyobolt EV prototype. Designed and engineered with CALLUM, the Nyobolt EV will be used to both validate the company’s battery performance in a high-performance environment, as well as allow car makers to witness an … [Read more...]
Financiers must support EV sales
Almost all dealers (97%) surveyed in June’s Startline Used Car Tracker say that more support is needed from motor finance providers for electric vehicle (EV) funding. In the research, 52% say their lenders are less keen to finance EVs, 45% charge higher finance rates and 21% want higher deposits. Also, 14% say their lenders won’t finance EVs at … [Read more...]
Go.Compare reports falling premiums
Go.Compare car insurance says car insurance costs are beginning to fall, with the average insurance premium now at £447. The comparison website’s latest price index has revealed that even though the average cost of car insurance fell by £18 in the last quarter - from £465 to £447 - prices are still up on 2023 figures, with the average policy costing £343 … [Read more...]
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