The UK could be using its tax system to discourage the growth of large new SUV sales, which recent T&E analysis found had grown by 23% between 2022 and 2023. With the Budget due next week, the environmental group said that the UK has shown some leadership with its tax system, however as company car drivers in the UK are benefiting from a progressive … [Read more...]
Finance News
Newslines 1 March
The Cupra Born BEV range has been reduced and prices slashed to shift stock and widen ownership appeal. CUPRA has increased the accessibility of its first fully electric model, CUPRA Born, by reducing prices by £2,350 across the range coupled with a suite of electric vehicle (EV) purchasing incentives. Volkswagen Group United Kingdom has signed an … [Read more...]
£4 Billion ev battery plant confirmed for West Country
Tata has finally confirmed its Agratas subsidiary will build a six-million sq foot car battery plant at a cost of £4 Billion near Bridgewater. The parent company of JLR aims to get it into production inside two years and to eventually build power packs for about 500,000 vehicles annually and provide 4,000 jobs on the lines. It will take up about half the … [Read more...]
Reselling rates for EVs close to petrol and diesel models
Disposal conversion rates for electric vehicles were very close to their petrol and diesel equivalents over the course of 2023 and beat plug-in hybrids, reports epyx. In total, 91% of EVs found buyers when made available through trade sales to dealers, compared to 94% for petrol and diesel, and 87% for PHEVs. However, EVs did sell more slowly - at an … [Read more...]
Makers are building the ‘wrong’ cars for ev buyers, says executive
Cheaper electric cars are urgently needed for motorists to accelerate their switch away from petrol and diesel models, says an industry financial expert. Fleets need to be able to buy electric vehicles now that used car buyers will want in four years’ time – but are being hampered by a lack of choice, FleetCheck is warning. Peter Golding, managing director … [Read more...]
Bring back small cars, dealers tell makers
Britain's car dealers are calling on manufactuers to supply them with a new series of small cars. Dealers overwhelmingly back calls for a new class of small cars to be introduced across Europe that attract lower taxes, insurance and parking costs, new research shows. Paris this year moved towards making SUV drivers pay more to park in the French Capital as … [Read more...]
Buyers beware but enjoy your new car
If you're thinking of looking about this weekend and buying a new 24-plate car from 1 March, you need to carefully consider what you are doing and realise you may loose a deposit, says The Motor Ombudsman. It has prepared a handy checklist to take you through the steps to satisfaction and avoid annoying mistakes. … [Read more...]
The cars colour of money
New data reveals that yellow cars hold their value, at almost double the rate of the UK’s top car colour of 2024, black. ATS Euromaster revealed a shocking 70% of car buyers care more about the colour of their new vehicle than the mileage. While the physical appearance of a car may seem the most appealing when purchasing, it is more important to look at … [Read more...]
Driving up depreciation mile by mile
A new study by on-line marketplace Carwow has found how mileage severely impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k mileage milestone, typically when a new car's … [Read more...]
Buyers and traders clash over interest charges
Dealers need to “very urgently assess” the implications of recent moves from the Financial Conduct Authority on historical motor finance commissions, says the Vehicle Remarketing Association. While the subject has been gathering prominence in recent weeks following two recent rulings by the Financial Ombudsman, a new programme hosted by personal finances … [Read more...]
- « Previous Page
- 1
- …
- 68
- 69
- 70
- 71
- 72
- …
- 219
- Next Page »
