Britons buying new cars are a sensible bunch, according to a new Opinium survey of 2,000 drivers. Most diligently research cars before picking one; however, it also found plenty of people swayed by emotional factors from how good a car looks to whether it had that new car ‘look and feel’. Overall, an impressive 81.2%, of the Welsh drivers surveyed, … [Read more...]
Finance
European car prices face rise but Japanese go down
Some european cars will rise in price under the Government’s proposed post-Brexit tariffs structures. The new tariff regime would mark a shift in favour of products from non-EU countries. Even so, they mean 82% of imports from the EU would be tariff-free, down from 100% now, while 92% percent from the rest of the world would pay no border duty, up from … [Read more...]
Dealers confidence is cooling, says survey
Confidence amongst dealers continues to remain high at the start of 2019. The vast majority (93%) saying they were confident about business prospects for the coming 12 months, according to the latest findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey. However, the results also showed a shift in the proportion of dealers who said … [Read more...]
Tradelines 13 March
More than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, says Sainsbury’s Bank. It's study found car buyers are planning to spend an average of £11,280 in 2019 and the top three reasons for investing in a new car include having a more environmentally-friendly vehicle (39%), being cheaper to run … [Read more...]
BREAKING NEWS; Infiniti close Sunderlnd, pull out of Europe
Nissan’s luxury Infiniti brand is ending production in Sunderland and pulling out of Western Europe. Production of the Q30 and QX30 will cease within months at the plant which was told just last month that it will not get the next Nissan X Trail SUV. The decision is likely to wipe thousands of pounds off the value of any UK Infiniti models and … [Read more...]
Motor industry dispels myths on road to Brexit
As the clock ticks towards a deadline for Brexit, the UK automotive industry outlines its views on ‘no deal’ impact, as Parliament debates the meaningful vote. Many commentators and politicians cite the automotive industry in Brexit discussions so, as Parliament debates the meaningful vote, the Society of Motor Manufacturers and Traders (SMMT) has … [Read more...]
Young driver insurance and new car package
Young Driver On the Road has partnered with iKube to offer novice driver insurance from £22 a week, along with affordable car leasing with Vauxhall. With one in four parents (24 per cent) admitting the high cost of car insurance is putting them off encouraging their child to learn to drive at 17, the UK’s leading pre-17 driving school has pledged to end … [Read more...]
Tradelines 6 March
A proposed ban on commercial vehicles using tyres over ten years old has attracted qualified support from the Freight Tansport Association. It says many member fleets would need tyres replacing inside a decade but some very low mileage vehicles should be exempt from the ban. About 79M cars were sold worldwide in 2018, say the manufacturers. There … [Read more...]
FCA to act on car finance commissions
Some methods used by finance brokers to reward car dealers that end up overcharging an estimated 560,000 customers about £300 million pounds a year will be banned. The Financial Conduct Authority said it found widespread use of commissions that allow brokers to set the customer interest rate and thus earn higher bonuses. “We found that some motor … [Read more...]
Dealers worried over deadline for petrol & diesel cars
Close Brothers Motor Finance’s Dealer Satisfaction Survey has found that two-thirds (66%) of car dealers believe the Government’s plans to ban petrol and diesel cars by 2032 will be too early. The qualitative survey of more than 200 dealers nationwide found that the vast majority (86%) believed the ban would cause another layer of confusion to the market, … [Read more...]
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