Ford has revealed the new Transit Custom one-tonne commercial vehicle, delivering bold new design, an all-new interior and enhanced productivity to European businesses. New Transit Custom will be available to order later this year, and is scheduled for customer delivery in early 2018 powered by the Dagenham-built Ford EcoBlue 2.0-litre diesel … [Read more...]
Finance
Cardiff bank staff treated to Tesla experience
Cardiff staff of Black Horse Finance were given a glimpse of the future when Tesla turned up with two cars at their office. The Lloyds Bank motor division provides finance for customers of the ground-breaking all-electric sports cars and the success of Tesla means they will shortly be adding another charging station to the 16 already in Wales. Potential … [Read more...]
Fleets adopting more hybrids and EVs
More than half of UK fleets are already operating at least one alternative fuel to traditional petrol and diesel models or are planning to do so in the next three years – an increase of 6% since 2015. The finding comes from the 2017 edition of Arval’s long-established Corporate Vehicle Observatory Barometer, research which covers 3,847 fleets. Their … [Read more...]
A Guide to PCPs and PCH
Car finance has been in the spotlight recently with fears over negative equity in car deals and the prospect of a Financial Conduct Authority investigation into motor finance. In essence, there are two issues at play that are linked but separate. The first is a question of affordability on the part of the consumer; the second is the exposure of finance … [Read more...]
Newslines 14 July
Cutting or lifting Severn Bridge tolls next year would be welcome but possibly lead to more jams along the M4, say logistics experts. The FTA in Wales and leading hauliers want the M4 widened to cope with anticipated 17% rise in use over coming years, outstripping the road-space allowed under Welsh Government plans for bypasses around Newport. The … [Read more...]
Lifebelt for struggling car finance
An estimated 1.6 million used car owners currently in the middle of their dealer finance or PCP agreement are now able to change their car early with the launch of www.paymentswap.co.uk. The new ‘no fees’ online service allows buyers to digitally manage every part of the transaction for themselves, including vehicle trade-in, sorting out the settlement of … [Read more...]
Industry should “remain calm” over future of diesel values, says VRA
Diesel is likely to remain a crucial part of the motor trade’s fuel mix for the foreseeable future and the motor industry should “remain calm” over its future values, says the Vehicle Remarketing Association. The trade organisation – which represents companies that are involved in remarketing more than 1.5 million vehicles every year – says that there is … [Read more...]
Golf tops slowing new car sales market
The UK new car market has declined for a third consecutive month with 243,454 new units registered in June, said SMMT. Registrations fell at a slower pace than in the previous two months, by -4.8%, as demand continued to stabilise following a record first quarter and the subsequent market turbulence caused by the recent changes to Vehicle Excise … [Read more...]
Young are being priced off the road
With car insurance sky high and education and living costs increasing, research shows that over one in five under 25s (22%) cannot afford to learn to drive. Insurance is a further barrier. With the average cost of car insurance costing around £1400*, and rising to £3878 for a 17 to 20 year old driver, it’s no wonder that this demographic is struggling. … [Read more...]
Six million Brits could be driving on the wrong side of the law
Motorists who lease their vehicle could be falling foul of the law when driving overseas. According to a recent survey, over 15% of Brits who take their cars abroad have admitted to driving on the wrong side of the road and only 1 in 5 bother to learn foreign laws in advance of getting behind the wheel. Alongside brushing up on the rules and … [Read more...]
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