Automotive finance provider, JBR Capital, has launched into 2022 with a record-setting four-month period – the most successful since the company was founded in 2015. Based in London, JBR Capital has lent over £80 million from 1 January to 30 April 30, enabling an ever-growing number of clients to fund their passion for high-end vehicles. The new 536bhp Flying Spur Hybrid – the second … [Read more...]
Finance News
New car sales crumble, used-models in demand
New car sales are still crumbling under the weight of supply shortages, rising costs and concerned buyers facing higher costs of living. UK new car registrations fell by -15.8% to 119,167 units in April, according to the Society of Motor Manufacturers and Traders. Despite showrooms being open for the entire month, unlike the previous year which saw lockdown restrictions in place until 12 … [Read more...]
HGV drivers desperately needed
With the HGV driver shortage continuing to place pressure on UK supply chains, Logistics UK is urging HGV drivers who have left the workplace to consider re-joining. Hundreds of spaces are available on government-funded refresher training courses, called Skills Bootcamps. Managed by the Driver Academy Group, a consortium comprising of business organisation Logistics UK, HGV training specialist … [Read more...]
Leasing EVs is about to take off
Brits are more likely to lease a new electric car than buy one, according to one supplier. That's according to leading provider Select Car Leasing, which has revealed it has seen a 300 per cent upturn in interest for EV models over recent months. The buzz around electric cars and vans has rocketed over the past 12 months due to a combination of the government’s 2030 carbon emission … [Read more...]
Millions of motorists consider axing breakdown cover
One-in-five Welsh drivers is considering cancelling their breakdown cover, says IAMRoadSmart. As the cost-of-living crisis deepens, millions of motorists are now considering cancelling their breakdown insurance in a bid to cut back on everyday outgoings. The Welsh findings mirror the national picture after research commissioned by the UK’s leading road safety charity, IAM RoadSmart, revealed 21 … [Read more...]
Reducing MoT tests is dangerous & false economy
The Independent Garage Association warned the Government that reducing the frequency of MOT tests to cut costs for households is a dangerous plan that would increase costs for motorists long-term. This follows headlines that Transport Secretary Grant Shapps suggested relaxing the frequency of MOTs to every two years, rather than one, to ease the cost of living crisis. Stuart James, IGA Chief … [Read more...]
Bigger savings emerging with electric cars
The annual running cost of an electric vehicle is now £579 cheaper on average than a petrol-fuelled car, according to the latest research from comparethemarket.com. This saving in cost has increased from 2021 when EVs were just over £400 cheaper to run. The research, which analyses the price of insurance, fuel, and road taxes, shows that the average annual cost of running a petrol-fuelled car is … [Read more...]
Buyers now most likely to look at used models
Seven out of ten consumers (70%) say that used cars have become more appealing purchases than new in the last month, according to the very first monthly Startline Used Car Tracker. New car prices having risen (47% of consumers) is the number one factor mentioned behind this developing trend, followed by not being able to afford a new car (25%) and used cars offering better value than new … [Read more...]
Welsh Labour councils’ tolls by default warning
The Welsh Conservatives are calling on ministers in Cardiff Bay to rule out making regulations that would allow Labour councils to pursue plans to push forward with economically illiterate and anti-worker taxes. A Welsh Conservative motion recently put before Cardiff Council saw Labour refuse to vote against introducing a congestion charge in the capital city. It was prompted by a proposal from … [Read more...]
Welsh retailer among first Ineos Grenadier franchises
Day's of Neath is the first Welsh retailer for the upcoming Ineos Grenadier models. The first 24 dealers UK wide have been appointed but the disruptive newcomer is planning another 10 around the country with the first getting models within two months, ready for the September plate change and autumn/ winter selling period. Prices and specifications will be released very soon. The Grenadier was … [Read more...]