Brits selling their used cars risk losing up to 10-20% on their sale by making this avoidable and costly mistake. And, with an ongoing cost of living crisis, the last thing motorists need is to miss out on thousands of pounds. To make car owners aware of this mistake and help them avoid them, Pamela Murdock, vehicle expert at used car supermarket, … [Read more...]
Finance
Tap and catch a train extended by Transport for Wales
Contactless tap in, tap out train service is now available after a ‘Pay As You Go’ option has now been extended to a further nine stations between Pontypridd and Cardiff Bay. Making it faster, easier and cheaper to travel, Transport for Wales launched the scheme in January on journeys between Cardiff Central, Newport and Pontyclun. It was then extended to … [Read more...]
UK car market is turning around
The landscape of leading car brands in Britain is looking different with the arrival of more pure electric cars. Traditional market leading brands are taking a back seat as manufacturers who were among the first to "go-electric" are making big inroads among motorists and businesses seeking to "go-green" and the Skoda Enyaq (above) topped October's … [Read more...]
Used EV demand continues rising
It is positive to see that, following the best first half-year performance since 2019, the used car market has continued to demonstrate robust growth in this quarter, despite challenging conditions, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. The used car market experienced growth of 4.3% between July and September, … [Read more...]
Suzuki announce pure battery Vitara
Suzuki Motor Corporation has unveiled its first mass-production pure battery electric Vitara, in Milan. Production will commence at Suzuki Motor Gujarat in India in spring 2025,with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025. The newcomer is expected in UK showrooms next Autumn to sell alongside the … [Read more...]
Classic cars exempt from Capital Gains Tax
In light of the recent Autumn 2024 Budget, Car & Classic announces that classic cars are exempt from the increase in Capital Gains Tax (CGT), a change that could make them an attractive, tax-efficient investment. With CGT rising from 10% to 18% for the lower rate and from 18% to 24% for the higher rate, this exemption offers an advantage for those … [Read more...]
Selling your EVs power to make money
Using electric vehicles to store energy and feed back into the grid could soon save the UK’s consumer hundreds of pounds a year, a new T&E study finds. EVs equipped with bidirectional charging can act as ‘batteries on wheels’ that draw down electricity at times of oversupply and give back when demand is higher. But their potential is unlikely to be … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
Budget shock for PHEV & DC business drivers
Budget plans could prompt widespread rewriting of company car choice lists to tackle new issues around plug-in hybrids and double cab pick-ups, says the Association of Fleet Professionals. The industry body points out that moves made by the chancellor mean that the viability of both types of vehicles will now be placed under serious questioning by many … [Read more...]
Government sets real challenges for motor businesses, says VRA
The hugely increased burden that the Budget places on remarketing businesses means that Labour’s growth strategy must succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said that moves such as the increase in Employers' National Insurance and high minimum wage would have an impact on costs for almost every business involved in the … [Read more...]
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