The cost of car insurance has risen by 18% year on year, according to new Premium Drivers research from Compare the Market but older drivers are being priced off the roads. The typical premium stood at £850 in May 2024 after rising by £132 over the previous 12 months. The increase in the cost of car insurance in the past year may in part be due to a rise … [Read more...]
Finance News
Motorists failing basic checks face big bills
Owning a car comes with the responsibility of upkeep, but many drivers don’t know how to properly maintain their car. Uswitch car insurance recently conducted research to investigate what car maintenance checks drivers lack knowledge on the importance of, possibly neglecting essential upkeep. The survey also digs into where drivers seek advice on looking … [Read more...]
Sales of pure electric cars falling across Europe
The love affair with electric cars is dimming. Figures released by Europe's car makers show sales of pure electric cars went down in May and buyers were inclined towards petrol hybrid models. This is leading to a scramble among car makers to move BEVs with discounts and other incentives while also ramping up sales of hybrids to keep money flowing into … [Read more...]
Newslines 21 June
The final Jaguar F-Type has rolled off the Castle Bromwich production line, ahead of the brand's move into low-volume electric luxury cars. The last F-Type was assembled exactly 50 years after the final E-Type, with its specification referencing its ancestor and on-line retailer Cinch has already reported a spike in searches for the model, which is likely … [Read more...]
Tradelines 19 June
Honda has updated the retail offer for the e:Ny1 electric vehicle. e:Ny1 can now be purchased from £349.00 per month, with 0% APR Representative and a £3,500 Honda Deposit Contribution and the offer is available from now until the 30 September 2024. Fleets should consider making it a disciplinary offence for drivers to override the new intelligent speed … [Read more...]
Measuring degradation and demand for used EVs
Battery health checks and their impact on the used electric vehicle market will be the main discussion at the July member meeting of the Vehicle Remarketing Association. Being held at Cox Automotive in Bruntingthorpe, Leicestershire on Thursday 25 July, it will include contributions from battery health experts Aviloo, Altellium and Clearwatt, as well as the … [Read more...]
Motorists getting very poor pump deals
Drivers across the UK – with the exception of those in Northern Ireland – are continuing to get an extremely poor deal every time they fill up, new data from the RAC reveals. The RAC believes the average prices of both petrol and diesel are far higher than they should be in comparison to wholesale costs which have been falling since the end of April, and … [Read more...]
Newslines 18 June
Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank … [Read more...]
EU car makers holding breath over China duties
Car makers are closely watching developments after the EC decided to impose provisional duties on imports of electric cars manufactured in China, based on initial findings of an anti-subsidy investigation initiated last year. ACEA has consistently affirmed that free and fair trade is essential in creating a globally competitive European automotive … [Read more...]
Drivers pay £915 million in parking fines
Drivers are expected to fork out £2.15 billion in parking and traffic fines this year, with over 30 million requests being made to the DVLA for the name and address of vehicle owners so far. These requests allow private and public authorities to hand out fines and have resulted in drivers receiving a massive 62% increase in fines since 2020. Parking fines … [Read more...]
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