Grey fleet operations could see an explosion in vehicles over the next year as research shows an increasing number of people will shun public transport in favour of buying a car, FleetCheck is warning. Peter Golding (right), managing director at the fleet software specialist, pointed to a new Capgemini report that showed just 8% of people now see buses, … [Read more...]
Finance
EVs premiums cause for concerns
In a poll of 1,000 drivers almost one in 10 said they think electric car premiums would be more expensive, with one in eight of those aged 17-24 admitting this would potentially stop them buying. While it’s previously been difficult for young drivers to secure low-cost car insurance, as electric cars sales are rising, premiums are starting to … [Read more...]
Warranties surge as sales stagger
Warrantywise is one of Britain's largest car warranty companies and had a record year in sales growth. They are celebrating an outstanding 55% growth in sales year on year. Lawrence Whittaker, CEO of Warrantywise, attributes this to a number of reasons, "We've had a fantastic year for sales, and worked really hard on setting goals to … [Read more...]
Lockdown plans need checking
Drivers should ensure they are covered for the lockdown. Lee Griffin, CEO and one of the founders of GoCompare, said, "The pandemic is continuing to have a major impact on our day-to-day lives, including our driving habits. “To stay safe and avoid penalties, it’s important that drivers keep abreast of lockdown rules regarding car use and driving according … [Read more...]
UK car making lowest in generation
UK car making slumped last year to the lowest since 1984, hit by Covid-19 interruptions and a collapse in demand for most of the year. The car makers' body, the Society of Motor Manufacturers and Traders chief Mike Hawes said it was a "dreadful year" but added that a comprehensive vaccination programme might restore buying and … [Read more...]
Company cars’ confusing charts
As another lockdown leaves company car activity stalled in suspended animation, a new BVRLA report analyses the market and the long-term trends that will drive its destiny. With all but essential journeys banned and new car registrations slumping to a thirty-year low, the company car sector has entered 2021 as it spent much of 2020, in an artificial … [Read more...]
Newslines 26 January
Our buying habits are changing with hybrids now up over 304% in ten years through insurance searches says comparethemarket, followed by city cars and then electric models, which are just ahead of seven-seaters and SUVs. Steepest decline in buyers have been sports cars, mpvs, coupes, convertibles and pure 4WD models. Burgeoning demand for the fully electric … [Read more...]
£100M new model and plan for Lotus
Road and racing marque Lotus is investing £100M in a new model and production facility. A new series of sports cars is confirmed with prototype production of the Lotus Type 131 to commence this year in Hethel, Norfolk. It is likely to be the last powered by a conventional petrol engine before an ev-powertrain is developed. The new … [Read more...]
Learners and commuters boosting car sales
In what has been a turbulent time for the industry, car dealerships across the UK have been desperately trying to claw back car sales. To paint a statistical picture of the downfall, figures for new private car registrations dropped by 98.7% in April, the worst downturn in 70 years. Only 871 cars were registered, compared to 67,873 at the same time in … [Read more...]
Lockdown deals shaking out car sales
Drivers clambered to offload their small cars for cash during 2020 as the pandemic caused lockdowns across the UK. Sell My Car Direct, previously saw more than a quarter of the cars offered to the car buying service being made up of city cars and superminis (27%). Add hatchbacks and the percentage rises to 40% (2,400 of 5,964), as drivers flocked to sell … [Read more...]
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