Abolition of the Severn Tolls in mid-December is expected to raise the number of vehicles using the two crossings by six million in four years. It will then approach 24M annually and put additional strain on roads west of Newport and the result of a public enquiry into a southern relief road around the city is shortly expected. London taxi firm Addison … [Read more...]
Finance
Sacrifices for a super-car or shopping car explained
The savings you would make to own a supercar have been probed. Compare the Market reveals that over 40% of car enthusiasts would consider cutting back on monthly spending to afford a luxury or supercar in the UK but how far would we really be willing to go to afford our ideal motor? The study revealed that 23% of female car enthusiasts would move back … [Read more...]
Fleets unprepared for Brexit fallout
The fleet industry needs to start encouraging a sector-wide conversation about Brexit in order to make preparations, says Meridian Vehicle Solutions. Phil Jerome, managing director at the medium term rental specialist, said that he understood the current lack of dialogue given the ongoing absence of clarity about exactly what form leaving the EU would … [Read more...]
VW camper holds strong residuals for “staycations”
Owners of Volkswagen California camper vans are sitting pretty after data from automotive experts reveals that the vehicles are experiencing very little depreciation, making them a much sought after investment for motorists who love life on the road. Based on the 2.0 California TDI BlueMotion Tech Beach 150 5dr DSG model (1767 plat), the depreciation is … [Read more...]
EVs spark big savings in service
Motorists will get an eco-dividend thanks to lower service and maintenance costs for electric vehicles against their petrol equivalents. A new study from automotive data experts cap hpi shows on average service and maintenance costs are 23% lower for electric vehicles than petrol vehicles over three years and 60,000 miles. The gap widens for smaller … [Read more...]
Changes to EV subsidies will hit consumers, say SMMT
Government’s decision to cut the Plug-in Car Grant will have far-reaching consequences for consumers, the environment and industry, said the Society of Motor Manufacturers and Traders. Reducing the purchase incentives for zero emission cars by a third and completely removing the grant for plug-in hybrids is totally at odds with Government ambition to be … [Read more...]
All time great classics auctioned
As all car lovers know, purchasing a classic car is about much more than getting around in style. It’s owning a piece of motoring history – and getting to hear the sound of a vintage engine rumbling into life. But as well as being a piece of art, buying a vintage car can be a good investment. That’s why MoneySuperMarket has put together a new graphic … [Read more...]
Releasing cuts costs not corners
A used car leasing product aimed at businesses and consumers has been launched by Arval in the UK. Called Arval Re-Lease, it is up to 20% cheaper than a new, equivalent model. The vehicles on offer are taken from Arval’s own fleet, have fewer than 30,000 miles on the clock and are less than 30 months old. They are also hand-picked to make sure they … [Read more...]
Trade prices rising on shortages
Trade prices for good quality used cars have reached a level where it is almost impossible for many dealers to make a profit on the windscreen price and they are instead relying on returns from their F&I department, says the Vehicle Remarketing Association. The organisation says that demand in the used sector for almost all kinds of stock is at levels … [Read more...]
Big Data helps pick future classics
Used car buyers with a keen eye for an investment could benefit from a new online tool that reveals the cars that are appreciating and could become collectors’ items and there are a few surprises. ‘Future classics’ created by automotive data and valuations expert HPI is an online site that allows users to find out which cars are likely to appreciate in … [Read more...]
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