The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as 84% of motorists have spent more on fuel … [Read more...]
Finance News
Price cuts not being passed onto motorists
Fractional falls of under a penny a litre in the average price of both petrol and diesel over the course of a week when wholesale prices have plummeted are an irremovable stain on major retailers' reputations, said RAC fuel spokesman Simon Williams. "It's frightening to think this is going on under the nose of the Competition and Markets Authority. Whatever the situation is with the issue it has … [Read more...]
EV anxieties overblown and benefits overlooked – NFU
Research by electric vehicle insurer NFU Mutual suggests that concerns about electric vehicle range and charging are overblown when compared to the reality of owning an EV, and that non-EV owners are overlooking some key benefits of the technology. NFU Mutual, which offers insurance tailored to plug-in and hybrid EV owners, recently conducted a UK-wide survey of 1,107 people to find out attitudes … [Read more...]
Rising fuel costs slash accidents
Soaring fuel costs have left a hole in the pocket of motorists across the country, but it could be having an unexpected positive impact on the safety of Britain’s roads. That’s according to latest research commissioned by the UK’s largest independent road safety charity, IAM RoadSmart, which has revealed that potentially millions of motorists have changed their driving habits for the better amid … [Read more...]
Caring for and saving with an electric car
The cost of charging an electric car using a public charger has increased once again, as drivers will now need to fork out over £220 more per year on average. Just like looking after your smartphone, your electric vehicle’s battery also needs to be properly cared for if you’re going to get the best out of it in terms of range and longevity. And your charging and driving habits … [Read more...]
Tradelines 6 July
Following the overwhelming success of its award-winning all-electric urban EV, Honda has unveiled a new Honda e Limited Edition, offering unique exterior styling for enhanced stand-out individuality. On sale from £38,120.00 OTR, the Honda e Limited Edition is based on the Advance Grade and is available for the first time in Premium Crystal Red paint with a host of contrasting black accents while … [Read more...]
EV savings partly offset rising living costs
The take home salary boost available to employees who are able to switch from a petrol or diesel to an electric company car could help counteract cost of living pressures for them, Arval UK is reporting. Joel Lund, who was appointed as Commercial Director in March, said that for a 20% tax payer with access to an electric vehicle (EV) via a company car scheme, the saving in benefit in kind tax … [Read more...]
Lexus sail in with a raft of updates
This year marks the arrival of two new landmark Lexus models: the all-new RX large luxury SUV and the RZ 450e, a new all-electric SUV. The RX is a core global model for Lexus and the new generation line-up will include a first plug-in hybrid version and a performance-focused model that uses a new parallel hybrid electric powertrain (below). The RZ 450e is the first Lexus to be built on a new … [Read more...]
Fleets battered by wind of change
The new car supply situation for some fleets is worsening and remains extremely patchy for almost all, the Association of Fleet Professionals is reporting. Paul Hollick, chair, explained said that feedback from across its membership showed that serious problems were persisting and causing increasing operational disruption. “This is, of course, a worldwide problem caused by worldwide issues, … [Read more...]
New car sales slowing quicker than expected
The brakes have gone on hard for sales in Britain's car showrooms. UK new car registrations fell -24.3% in June, according to the latest figures released today by the Society of Motor Manufacturers and Traders with 140,958 new vehicles registered, the weakest June performance in 26 years. Volkswagen emerged top last month with 8.27% of share, Vauxhall reached 7.07% and just behind was Ford … [Read more...]