The average cost of driving for young motorists, aged under 25, has fallen by £678 in the past year, according to the latest Young Drivers research from Compare the Market. The decline in the cost of driving is mainly due to a drop in the average car insurance premium which decreased to £1,437 in March 2025, compared to £2,077 in the same month last … [Read more...]
Profitability warning with over-supply of cars
Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the Vehicle Remarketing Association. However, a return to nearer 2.5 million sales would be unlikely to represent real demand and would generally be accompanied by poor unit profitability for dealers, the event at BCA … [Read more...]
PHEVs are stepping stones to full EVs, say dealers
Nearly seven out of 10 dealers (68%) say PHEVs are becoming a stepping stone to an electric vehicle (EV) for car buyers worried about going fully electric. Startline’s July Used Car Tracker shows, as a result, 60% expect values for PHEVs to rise and 48% expect demand to similarly increase. However, many expect this trend to be transitory, with only 37% … [Read more...]
23-million car owners in line for mis-sold finance
More than 23 million people expect to be win compensation for mis-sold car finance a new survey has found as Brits await a pivotal Supreme Court ruling that could release tens of billions in potential payouts. A new poll by law firm Slater & Gordon found that 45% of people believe they could be entitled to a payout over a car finance agreement taken out … [Read more...]
Weekend roadtest: X Peng G6 Long Range
Among the newest of the Chinese car-makers coming to the UK, XPeng has partnered with the people who brought us Subaru and Isuzu in Britain, so let that be a warning to rivals. The Chinese company was founded in 2014 and is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, and Munich. It has partnered platform and electrical … [Read more...]
Manufacturers pouring money into registrations
Manufacturer and dealer incentives meant the UK’s new car market grew for the second consecutive month in June, as registrations rose 6.7% to 191,316 units, according to the Society of Motor Manufacturers and Traders. It was the best June since 2019, helping lift first half performance 3.5% above the same period last year, although the market remains -17.9% … [Read more...]
Fuel remains overpriced, says RAC and CMA
Fuel prices are staying higher than they should be say observers. RAC head of policy Simon Williams said, “Drivers will be concerned to hear that retailer margins on fuel are still above where they have been historically and that competition remains weak. "Given fuel is a major expense for households, and with eight-in-10 drivers dependent on their cars, … [Read more...]
How to save yourself £3,000 on your car this summer
The average price of a car in the UK is now £27,425 which in comparison to the median annual salary in the UK £31,602 is nearly an entire year's worth of pay. That’s why it’s more important than ever to look after your car to ensure you don’t have any added costs to an already expensive thing. Experts at car cleaning retailer, 1dot, have shared their … [Read more...]
Buyers beware of used car “bargains”, say Vertu
Thousands of drivers are looking to the used car market for their next vehicle in a bid to save money. This huge demand is reflected in new search data, which shows that searches for ‘used car dealer near me’ have surged by a massive 235% in just three months. But while finding a local dealer is the first step, walking onto the forecourt … [Read more...]
Newslines 30 June
On line and later on-site car dealer Cazoo collapsed with over £250M of debt just over 12 months ago and owed money to about 10,000 creditors, according to data at Companies House, Cardiff. The business was sold for £5M last year after filings showed it had been under financed and overstretched itself and was hit by the Covid-crisi and a change in market … [Read more...]
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