New cars are pouring onto UK roads at a faster rate than ever, led by Wales. SMMT figures show 184,101 new cars were registered in the UK this November, with the market increasing by a steady 2.9%. The growth has helped deliver more than 2.5 million new cars on to British roads so far this year – the first time the milestone has been reached in … [Read more...]
Finance
PCP schemes expected to cost more
The falling value of the pound is likely to see monthly PCP new car payments rise in 2017, predicts Glass’s. The vehicle data specialist says that manufacturers importing their vehicles into the UK will need to recoup margins somewhere and that PCP payments are the least unpalatable choice. Rupert Pontin, director of valuations, explained, “The pound … [Read more...]
Rail industry: Wales must not be left in the sidings
The Railway Development Group that represents train-operating companies has shone a searchlight on the impending boom in supplying rolling stock to meet demand, says transport economist Prof Garel Rhys. This is in addition to the redesign of antiquated stations and other infrastructure. Apart from interest in attracting facilities to make … [Read more...]
Ford is favourite in Wales
The Ford Fiesta is favourite in Wales. Leasing Options, a vehicle leasing company, analysed Google Trends data to discover the country’s favourite car and the little Ford came out first. The research reveals that Ford is the nation’s favourite car make, with the most popular models being the Ford Fiesta, Ford Focus and Ford Transit … [Read more...]
Silverstone sale is back on the grid
Silverstone is back on the market. JLR has pulled out of the proposed purchase of the F1 venue to use it as an engineering base and another bid by millionaire Ginetta owner Lawrence Tomlinson has also lapsed. Reports say that Porsche, which has base at the track, holds a covenant which would stop another car maker using the facility for more than 45 … [Read more...]
Finance checks need overhaul, says provider
Motor finance companies need to adopt technology that allows them to credit check a potential customer without leaving a footprint on their file, says Startline Motor Finance. CEO Paul Burgess explained that multiple footprints on customer files held by credit checking agencies tended to lead to a reduced credit rating – but that in 2016, with more and … [Read more...]
Tradelines 19 October
GKN Driveline will showcase its leading contemporary and electrified driveline technologies - making passenger cars lighter, more fuel efficient and better to drive - at the International Suppliers Fair (IZB) this month. GKN will demonstrate its latest technologies across eDrive, all-wheel drive and two-wheel drive vehicles at the show in Germany between … [Read more...]
Next growth area for PCPs will be tourers and motorhomes
Staycations or stay-at-home holidays in the UK are set for a boost with, for the first time, PCPs becoming widely available in the motorhome and touring caravan market. According to vehicle data provider Glass’s, the finance product, which has revolutionised the new car market in recent years, will make leisure vehicles much more affordable and … [Read more...]
End of the road for fleet managers
Once hailed as the guardian of the company car, the traditional fleet manager is now an endangered species, especially in the small business sector, as the resource intensive role becomes difficult to justify from a cost efficiency point of view. According to a new report - Modern fleet management and the drive to reduce costs - from CBVC Vehicle … [Read more...]
Newslines 7 October
The new Ford Mustang outperforms the Porsche Cayman and even Nissan GT-R when it comes to keeping ahead on used value. Experts at cap hpi found the latest generation of the classic US sportscar held onto 99.5% of value over 10,000 miles, well ahead of its rivals, with just over 2,300 registered on UK roads this … [Read more...]
