Go.Compare car insurance says the number of policies that now charge admin fees has risen since this time last year. The comparison site has reviewed the 332 comprehensive car insurance products in the market in 2023 and compared the admin fees charged today, compared with the same fees charged in the same period in 2022. It found that the number of car … [Read more...]
Finance
No agency plan for Toyota & Lexus
Toyota and Lexus have confirmed they ‘currently have no plans’ to change their franchise agreements with dealers and move to agency sales. Pressed on the matter, a spokesperson for Toyota and Lexus stressed that agency sales – where the manufacturer would take on the sale of cars directly to consumers itself – was ‘not in the plan at all’. In an exclusive … [Read more...]
Britain risks running out of EV innovation – car makers
Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders warns in a new blueprint. The call comes as other countries significantly power up political and economic backing for their own automotive … [Read more...]
Used fleet-evs are slowly shifting
Ex-fleet electric vehicles are taking more than twice as long to sell as internal combustion engine models, according to new data from epyx, but the situation could change relatively quickly, the company added. Figures drawn from its 1link Disposal Network platform show that petrol cars and vans are taking an average of 10 days to sell, and diesel 11 but … [Read more...]
Hertz backs Greenfleet EV event from Wales
Hertz has joined forces with Greenfleet, as the Official Vehicle Partner for its 2023 EV Rally 3-7 July. Hertz will provide electric vehicles for the five-day event that goes across the five capital cities in the UK and Ireland to highlight the real-world capabilities of electric vehicles and track the progress being made with charging infrastructure in … [Read more...]
Tradelines 22 March
Independent used car dealers are being put off stocking EVs as a result of plummeting prices, Car Dealer has been told. Speaking at last week’s Car Dealer Live conference in Gaydon, a panel of used car dealers said they had been forced to rethink their strategies as a result of the recent slide after a drastic cut in new Tesla prices sparked a downward … [Read more...]
Testing time runs out for MoT change view
A split is developing over the Government’s proposal to extend the first MoT Test from three to four years. Consultation on the proposal ends tomorrow night. The Independent Garage Association (IGA) has responded to the Department for Transport’s (DfT) consultation proposing changes to the MOT frequency and other MOT enhancements. Stuart James, IGA Chief … [Read more...]
Newslines 20 March
Bentley Motors revealed record financial results for 2022, with operating profits up nearly €1 billion compared to 2018. The latest annual figures show a profit of €708 million, representing an 82 per cent growth in profit from a four per cent growth in volume while turnover reached €3.38 billion, up 19 per cent over the same period and the announcement … [Read more...]
Filling stations taking diesel drivers for a ride, says RAC
Diesel car and van drivers are being taken for a ride by filling stations, said the RAC. They are continuing to suffer from inflated prices at fuel pumps up and down the country and are seeing no benefit from plummeting lower wholesale costs, despite the Chancellor continuing the fuel duty freeze in Wednesday’s Budget, the RAC is warning. Despite both … [Read more...]
Learners facing bills over £11,000 to get motoring
New drivers are the latest to face the brunt of the cost of living crisis. Research from CarMats.co.uk reveals £11,375 is the average price tag for those learning to drive and purchase a car in 2023. New drivers are expected to pay over £11,000 before even getting on the road. According to the RAC, it will take the average learner 45 hours of … [Read more...]
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