The new car finance sector saw new business by value drop by 6% year on year to £1.545m, with the number of cars financed down 12% at 55,097 in June, according to the Finance and Leasing Association. The used car finance sector didn’t fare any better, with new business value down by 13% on June 2023 at £1.67m and the number of cars financed down 10% at … [Read more...]
Finance News
Winners and losers over a decade of change
Some brands have seen phenomenal growth in registrations over the last decade and others have plunged into oblivion, according to Scrap Car Comparison. The top 10 Car Brands With The Biggest Growth In The UK were: Tesla - 339,717% change over last decade Dacia - 1,434% change over last decade McLaren - 640% change over last decade Infiniti - … [Read more...]
Lexus fine-tune their award winning SUVs
Lexus has fine-tuned its line-up of hybrid and plug-in hybrid luxury SUVs. The updates add a touch of extra lustre to the model that has won Auto Express’s mid-size premium SUV of the year title for the past three years. The self-charging hybrid NX 350h has a renamed entry-level grade: Urban specification introduces wireless smartphone integration for … [Read more...]
400 mile trip to face a driving test
Learner drivers could travel a staggering 25 miles for a driving test by 2030, according to new data, as test centre locality and available test slots dwindle. That’s according to a new report by learner driver insurance broker Marmalade, which has revealed the scale of how far learners are travelling for a driving test. One learner from Surrey, Kayla Van … [Read more...]
Price & range remain barriers to EV choice
In today's car market, drivers have a lot of choice when it comes to engine types, each with its own pros and cons. But with fuel prices on the rise, electric and hybrid vehicles are becoming more popular than ever and a study by CarMats.co.uk shows over 1 in 6 (17%) of Brits will choose an electric car when they next upgrade because it’s cheaper to run. A … [Read more...]
Tradelines 7 August
Fatigue is being added by FleetCheck to the employee fit-to-drive declaration included in the company’s daily vehicle walkaround safety app. The fleet software specialist says that there is increasing concern among employers about the dangers of tired drivers and a desire to include it in risk management policies. Responding to the news that the Labour … [Read more...]
Romania and Bulgaria centres of car theft
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...]
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...]
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