Britain is charging up for a battery cars’ future. Nissan said today that its Sunderland car plant is secure for the long term as a result of the trade deal reached between the UK and the EU. It already makes traction batteries next to its Sunderland assembly plant and now says additional battery production will be invested where it has 6,000 direct … [Read more...]
Finance
Insurance shock looming for latest car owners
Thousands of drivers could see their car insurance rocket if new uncapped data is used by insurers. Since 2009, Thatcham's Group Insurance Rating has placed vehicles into a 1-50 system by using a capped algorithm to help insurers determine the cost of cover. While there are no plans to replace the current process, raw data shared as a result of taking the … [Read more...]
Ten steps to saving on premiums
Here are some eye-opening ways to scrutinize and save on your car insurance. Moneyshake car leasing has looked at 140 quotes and come up with some tips to tip the premiums in your favour, with a few surprising facts. Moneyshake’s Top Findings: Third-party, fire and theft is 60% more expensive than comprehensive cover Decreasing voluntary excess … [Read more...]
E-vans benefits not explained say fleets
The new zero per cent benefit-in-kind rate for electric vans that takes effect on 6 April has been “underpublicised” when it should be helping lead to faster, wider adoption, says the Association of Fleet Operators. Chair Paul Hollick said that a key element of success in boosting demand for electric cars over the last year has been the low level of … [Read more...]
Remobilise for return to normal business
Fleets need to be thinking about how they will “remobilise” their operations as the pandemic ends, says epyx. The company points out that, if the planned vaccination programme now underway is implemented rapidly, something approaching the new normal’s version of business-as-usual could materialise quite quickly. Debbie Fox, commercial director, explained, … [Read more...]
Sparks to fly over ev decision making?
An emerging combination of shortages in both new vehicle supply and fleet management skills could lead to “poor decisions” being made as businesses move towards electrification, FleetCheck is warning. Very long lead times – caused by factors including Brexit, the pandemic and slow production ramp-ups in the switch to EVs – were being magnified as a problem … [Read more...]
AA moves into private car leasing
The AA is launching into the mobility market, beginning with existing members. Drivers can get on the road with a new inclusive personal car lease product in partnership with LeasePlan UK. Smart Lease offers unmatched transparency and certainty, allowing drivers to see the total cost of driving a vehicle over the course of the agreement. As long as the … [Read more...]
Welsh premiums dip 10% for motorists
There’s good news for drivers in Wales - the average cost of car insurance has fallen by £68 about 10% year-on-year, according to Confused.com . That's due to the typical driver cutting miles by around 2,000 due to the lockdowns, reduced working and insurers recognising fewer claims coming in so costs have been slashed. Drivers in the region can now expect … [Read more...]
TVR begin Welsh factory preparations
TVR is pushing ahead with plans for its proposed car production plant near Ebbw Vale. Jones Brothers (Henllan) Ltd has been awarded the principal contract for a significant programme of works including replacement of the main building’s roof, the recladding of the building, extensive groundworks and also preparation of a prototype build area at the side of … [Read more...]
Buyers urged to question finance and commission rates
One third (34%) of British consumers expect car dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance. This news comes as the FCA introduces new regulation for the motor finance industry, which comes into force on 28 January. The … [Read more...]
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