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...]
Finance
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...]
SUVs not putting a wheel wrong on forecourts
Boasting practicality, presence and efficiency, subcompact SUVs are all the rage in the UK at present and clearly an increasingly popular choice with drivers. The latest analysis from cap hpi looks at the total cost of ownership (TCO) to reveal the 10 SUVs with the lowest motoring costs over the first 3 years. The Dacia Duster Estate 1.6 SCe 115 … [Read more...]
Logbook loans need reviewing and changing
The law on logbook loans needs changing, say law-makers and the Citizens Advice body. Logbooks for vehicles have been used as surety on loans, often at high interest rates, but pose problems when a vehicle is sold on and the new owner faces paying the debt or losing a vehicle. Citizens Advice is supporting recommendations from the Law Commission’s … [Read more...]
Web-sales and auctions are changing market
New disposal routes to market are helping to maintain values as the number of used cars available continues to grow, reports epyx. The company says that online platforms such as its own 1link Disposal Network – which has seen a 65% year-on-year increase in the numbers of vehicles sold - are helping to take the pressure off traditional disposal channels … [Read more...]
Welsh-made FCV opens to crowd-funding
Motoring enthusiasts are being given a chance to buy into the future of mobility. Shares in the Mid-Wales made fuel-cell car, the Rasa, are being offered to potential backers and users. You can invest from £500 upwards in graduated amounts with the option to acquire one of the two-seaters for a £20,000 stake. You will never own the car but simply lease … [Read more...]
PCP contracts and condition clauses surprise motorists
More may need to be done to educate the rapidly rising number of PCP customers about the condition in which their lease car should be returned, says Glass's. The vehicle data provider says that it is receiving notable anecdotal evidence from the trade that some customers are shocked to find that there are potential financial implications surrounding the … [Read more...]
Bank Holiday breakdowns are avoidable
Europcar says that breaking down is the second biggest worry for motorists on long trips. Traffic delays and accidents are the issues which sandwich the breakdowns. With the average age of cars on Britain’s roads now over seven years, it’s not surprising that this could be a concern ahead of the last Bank Holiday weekend before Christmas. According … [Read more...]
September rush is underway for buying a new car
September is the second highest month for new car sales. Ahead of the forthcoming introduction of the “66” vehicle registration next month, Motor Codes, the leading provider of Codes of Practice and Alternative Dispute Resolution for the automotive industry, has the following advice for consumers during the purchase process. Protect your … [Read more...]
‘Sacre bleu’ as unprepared drivers hit foreign roads
Many Brits could be heading for trouble this summer as almost a fifth admit they don’t take steps to prepare for holiday driving. New research for Halifax Car Insurance reveals that while 63% of holidaying motorists plan to drive while abroad this year, 17% won’t make any safety checks, or take other measures to prepare for overseas … [Read more...]
