Nearly three-quarters (74%) of car owners over 55 bought their car outright without using finance, compared to half (54%) of 34 – 54 years and a third (33%) of under 34s, according to a survey of over 2,000 UK drivers. On average, three-fifths (62%) of cars were bought outright via cash or debit card, 8% using personal contract purchase (PCP), 7% were … [Read more...]
Finance
Learners are getting older, survey suggests
As driving lessons and tests return, new figures from a car insurance comparison website show almost a third of all learner drivers are over 30 years of age. Quotezone.co.uk data also reveals that many motorists spend longer as learner drivers than might be expected, with almost a third (32.2%) holding a provisional licence for more than a decade. While … [Read more...]
Sparks of realism needed for electric and hybrid vehicles
Electric and hybrid vehicles must become more affordable for consumers and more profitable for producers, according to GKN. For that to happen, suppliers must find new and better ways to make electric propulsion more economically viable. GKN Automotive’s technology roadmap focuses on reducing the premium for e-mobility, while maximising the benefits. Lower … [Read more...]
Wales’s car sales sky-rocket after lockdown
Car sales in Wales last month rocketed over 6,750%, the biggest jump in mainland Britain, said the Society of Motor Manufacturers and Traders. Only Northern Ireland exceeded this leap in 12 months when showrooms recorded 13,629% rise. Scotland saw a 5,686 jump but English dealers trailed with just under 3,000%. Last month, total UK new registrations … [Read more...]
Fleet providers see growth coming, says Arval
Company car and van fleets are markedly more optimistic about growth than before the pandemic, according to new research in the 2021 Arval Mobility Observatory Barometer. When asked whether they expected the number of vehicles they operate to increase or decrease in the next three years, the response was eight percentage points higher than 2020’s … [Read more...]
Volkswagen sales of EVs soar & Porsche power on
Figures being released today will show the steady advance of electric car sales. April saw further evidence that more manufacturers are racing to secure a share of the market for new EVs. New AutoMotive’s monthly data release tracks new car registrations in Great Britain and shows that the market for new EVs is distributed between an increasing number of … [Read more...]
Genesis brand launches in UK
Hyundai’s premium Genesis brand goes on UK sale this summer. There will not be a dealer network but the manufacturer will have a Genesis Studio in Westfield shopping centre, London and also provide sales on-line. Prices are likely to begin about £35,000 for the saloon and £50,000 for the suv, and will be fixed and non-negotiable. It was … [Read more...]
Buyers looking for more used evs, says AA Cars
Interest in used electric vehicles rose by almost 20% in 2020, despite the pandemic and the closure of car dealerships during lockdown periods, new analysis by AA Cars, the AA’s used car website, has revealed. Searches for EVs on the AA Cars platform have been growing steadily year after year, increasing 47 times (4,623%) since 2015. Interest in … [Read more...]
Newslines 30 April
The Volkswagen Golf GTI Clubsport 45 limited edition opens to UK marking 45 years of one of the world’s most iconic and best-loved badges. This sixth generation of the famous model costs from £39,980 with unrestricted performance, sports exhaust, uprated handling, special paint and emblems. Suzuki has introduced an optional six speed automatic … [Read more...]
Salary sacrifice is saving emissions, reports Arval
Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and … [Read more...]
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