With the arrival of the new ‘74’ vehicle registration just around the corner, a Censuswide poll of 1,000 UK drivers commissioned by The Motor Ombudsman has revealed generational differences in consumer ‘Car Confidence’ when it comes to buying and owning a vehicle. The latest findings have also been used to create a new series of Motor Ombudsman ‘barometers’ … [Read more...]
Retail buyers need help to go electric, say dealers
Grants or loans to support the used electric vehicle market is the number one action dealers would like to see from the new Labour government to encourage private buyers to make the transition from petrol and diesel models. August’s Startline Used Car Tracker shows 56% of traders would back the move - followed by 50% who want cheaper electricity for EV … [Read more...]
Tradelines 14 August
The new car finance sector saw new business by value drop by 6% year on year to £1.545m, with the number of cars financed down 12% at 55,097 in June, according to the Finance and Leasing Association. The used car finance sector didn’t fare any better, with new business value down by 13% on June 2023 at £1.67m and the number of cars financed down 10% at … [Read more...]
Winners and losers over a decade of change
Some brands have seen phenomenal growth in registrations over the last decade and others have plunged into oblivion, according to Scrap Car Comparison. The top 10 Car Brands With The Biggest Growth In The UK were: Tesla - 339,717% change over last decade Dacia - 1,434% change over last decade McLaren - 640% change over last decade Infiniti - … [Read more...]
Price & range remain barriers to EV choice
In today's car market, drivers have a lot of choice when it comes to engine types, each with its own pros and cons. But with fuel prices on the rise, electric and hybrid vehicles are becoming more popular than ever and a study by CarMats.co.uk shows over 1 in 6 (17%) of Brits will choose an electric car when they next upgrade because it’s cheaper to run. A … [Read more...]
Romania and Bulgaria centres of car theft
The National Vehicle Crime Intelligence Service has prevented the theft of or returned 320 stolen finance vehicles across Europe since 2021 with the support of HPI Check data. The NaVCIS is funded by the Finance and Leasing Association (FLA) to recover stolen finance vehicles. The dedicated team has recovered cars from across Europe, with Romania and … [Read more...]
Newcomers 6 August
Kia UK has announced pricing and specifications for the Kia EV3, the brand’s most affordable electric vehicle yet due in showrooms later this year. Following the example of the EV6 and EV9, Kia will offer three grades to EV3 buyers in the UK: ‘Air’, ‘GT-Line’ and ‘GT-Line S’, each with a generously equipped specification as standard, with a choice of 58.3kW … [Read more...]
Car makers facing penalties as EV sales fall
Private buyers are turning their backs on new pure electric cars but hybrids are selling well and there's industry concern that the Labour Government's "green" targets will be missed and manufacturers will pay big penalties. July signals a twenty-fourth month of consecutive growth for the new car market, reaching an impressive milestone of two full years … [Read more...]
Majority of cars suffering body damage
Eight in ten British motorists have experienced damage to their vehicle’s body at some point, whether now or in the past. Analysing those who have experienced car damage in their lifetime, 81% of these stated that they’d experienced paint scratches/scuffs on their car, making this the most common damage type, they told pollsters for JTape automotive repair … [Read more...]
Tackle depreciation even before you buy a new car
Whenever you buy a car, it’s inevitable that its value will decrease. In fact, within the first 3 years of car ownership, the value can drop by as much as 60%. Some models do better than others, and the arrival of more electric cars is altering the market as well. With the new plate coming in next month, here's advice for readers hoping to understand how … [Read more...]
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