New research by LeaseCar UK revealed drivers could have to pay up to £30,000 in their first year of owning a vehicle. It’s no secret that owning and running a car is one of the biggest outgoings, but one deemed as necessary by 69% of the UK. More than 11 million Brits have less than £1,000 in savings - making buying a car outright impossible for many … [Read more...]
Charging inequity review by Government
A week before the Autumn Statement, fleets have been encouraged by an anticipated change in electric vehicle recharging costs. New government comments on tackling charging “inequity” are good news for fleets when it comes to future electric vehicle adoption, says FleetCheck. It hopes to see a massive drive to install more charge points, build up the … [Read more...]
SUVs and new homes hit in Cardiff parking shakeup
Cardiff Council has declared war on SUVs and commuters' cars as it pushes use of public transport. Under the new proposed scheme all on-street parking bounded within the areas south of the A48, west of River Rhymney, north of Cardiff Bay and east of the River Ely and the outer wards would be split into four distinct parking management areas with different … [Read more...]
Middle aged are most penalised drivers
Millennial drivers born between 1981 and 1996 have been named the most penalised generation, surpassing both Gen X and Gen Z on a per capita basis, according to a new report by used car specialists, Available Car. The report, based on multiple Freedom of Information (FOI) requests to the DVLA and an analysis of full licence holders across the UK by postal … [Read more...]
Insurance task force to probe car premiums
The FCA has announced it’s looking into premium finance – the unjust ‘tax on being poor’ for those who can’t pay for their insurance upfront each year and are charged excessive monthly rates of interest as a result. "This is a positive step, but it must lead to real action and consequences for insurers who are ripping us off," said a Which? spokesman after … [Read more...]
Sports cars hold value best
A new study has revealed that sports cars retain more of their value than any other type of car when resold. According to the latest car valuation data looking at prices for cars after three years and 36,000 miles of use, sports cars boast an average retained value of 52.38% - more than any other vehicle type. The research comes from Auto Express, which … [Read more...]
Weekend roadtest: Omoda 5 SUV petrol
No-one can doubt the Chinese brand Omoda is very serious about coming to Britain and taking on the legend brands. We were impressed with a first drive of the pure electric Omoda E5 last May and now we’ve had a chance to get some initial impressions of the Omoda 5 petrol version of their new SUV. Yes, a petrol powered newcomer joins the range at a time when … [Read more...]
McLaren W1 is unveiled at £2Million
The £2 Million McLaren W1 has been unveiled. It has a V8 hybrid powertrain developing 1275PS – the highest power output of any McLaren ever and greater than all core competitors and revs to 9,200rpm. Power-dense E-module develops 347PS; integrates electric motor and control unit for reduced weight and optimised packaging to maximise performance and make … [Read more...]
Over-priced EVs see resale values fall most
A new study from GAP Insurance provider, ALA Insurance has crunched the data on new and used cars to reveal which hold their value better than others. Using new and used car data for 47 of the most popular and reliable vehicles on the market, the research confirms that the Audi Q4 e-tron has the highest annual depreciation rate of any other car. Introduced … [Read more...]
Newslines 7 October
Lexus has announced pricing for the RZ 300e, the new front-wheel drive version of its all-electric RZ luxury SUV from £49,995 to £61,095 for the nine trims. Joining the all-wheel drive RZ 450e in the range, the RZ 300e offers the same premium equipment specifications together with an extended driving range of up to 297 miles offering 18-inch wheels on … [Read more...]
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