Drivers will be relieved to know that the fuel price rises of recent weeks appear to be slowing down and should hopefully top out now, said RAC head of policy Simon Williams. Since 6 July the average price of petrol has gone up 11p a litre adding £6 to the cost of a full tank (£89). Diesel has been even harder hit, going up 17p a litre since 9 July which … [Read more...]
Finance News
Electric cars are turning the corner
Second-hand car buyers are increasingly looking at electric models, and surprising traders. Just one in three dealers (33%) are currently worried about the impact of electrification on the used car sector – the lowest figure recorded in the Startline Used Car Tracker since October 2022. The monthly research asks dealers to name the biggest challenges … [Read more...]
Toyota Deeside passes six-million milestone with engines
Toyota Motor Manufacturing UK has reached the milestone achievement of six million engines produced by its Deeside plant in North Wales. First Minister for Wales, Rhun ap Iorwerth paid tribute to its achievements and its workforce and said, “As a new government, we want a Welsh economy that is fit for the future. Companies like Toyota, who have been part … [Read more...]
New car registrations continue slow growth
Britain’s new car market grew 11.7% in July with 156,571 units registered, according to the Society of Motor Manufacturers and Traders. Although compared with a relatively weak July last year, the performance marks an eighth consecutive month of growth as the market continues its longer-term recovery towards pre-Covid levels. Registrations in Wales rose … [Read more...]
Motorcycle thefts drop, but don’t be complacent, say Anglo Scottish
New data obtained via Freedom of Information requests has revealed Britain’s most-stolen motorbike models, as well as the regions that are most at risk of motorbike theft. Long story short: if you’re thinking of investing in improved security, don’t wait around. How many bikes were reported stolen across the UK over the last 12 months? Requests … [Read more...]
Society will be hit by a ‘driveway divide’, says New AutoMotive
New AutoMotive analysis quantifies the unfair tax burden on drivers without off-street parking - and why DESNZ and Ofgem must not leave this problem to the Treasury. Following Prime Minister Andy Burnham’s first major policy announcement to slash VAT on domestic electricity from 5% to zero, New AutoMotive has published a new briefing detailing exactly what … [Read more...]
Diesel fuel topping 180ppl is worrying says the RAC
There is a worrying outlook for diesel users and that will hit delivery drivers in their pockets and affect the bottom line for logistics firms. RAC head of policy Simon Williams said, "Fuel prices continued to rise over the weekend with petrol climbing to a new Iran War high of 160.85p and diesel going back over 180p, something drivers haven't seen since 9 … [Read more...]
Cross-pavement charging is step forward
More than 40% of UK households don't have access to off-street parking, meaning millions of drivers can't simply charge an electric vehicle on their driveway and while the UK's public charging network continues to expand, access to convenient and affordable charging still depends heavily on where you live. In fact, Vertu have identified that searches for … [Read more...]
Higher demand for high mileage cars
There is a growing market for cars with 100,000 miles or more on the clock, according to a third of dealers polled for the latest Startline Used Car Tracker. July’s Startline Used Car Tracker shows 40% believe the quality of modern cars means they often have a lot of life left at 100,000 miles-plus. Also, 32% of dealers say buyers of cars with over 100,000 … [Read more...]
Sinclair Group business battered
South Wales based Sinclair Motor Group reported a tough year in 2025 but expressed the hope business will improve this year. In its annual accounts published on Companies House website Sinclair Motor Group said 2025 was its toughest year since before Covid with profits down 38% despite turnover reaching more than £700m across the 12 brands it represents … [Read more...]
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