Six months after Which? revealed eye-watering interest rates being charged to insurance customers paying monthly, new analysis reveals that little has changed. In August, the consumer body surveyed 49 car insurance firms and 48 home insurance firms to find out what they charge customers using 'premium finance' to pay for their insurance in monthly … [Read more...]
Credit for used EVs as sales stabilise
A decision to begin providing used electric car funding for the first time is a “vote of confidence” in the stability of the market, says Startline Motor Finance. The motor finance provider is now offering its full range of hire purchase and personal contract purchase plans for electric cars with rates and conditions identical to petrol and diesel … [Read more...]
New car sales slow ahead of new plate change
August signalled the end of two years of growth in the new car market, a disappointing development despite traditionally being a quiet month, according to Sue Robinson, Chief Executive of the National Franchised Dealers Association, commenting on the latest SMMT new car registration figures. In August, a total of 84,575 new cars were registered, a decrease … [Read more...]
Car restoration & reckoning
DIY car restorations have surged by 20% this year alone. With the rising popularity of personalizing vehicles, now is the perfect time to dive into your own restoration project. From sourcing affordable parts to mastering essential techniques, these pro tips will help you transform your car with ease. “The right guidance can turn any car enthusiast into a … [Read more...]
Britain’s on the road to an EV skills shortage
Britain is driving head on into a skills shortage of technicians trained to work on electric vehicles, according to one industry expert. Comment from Lawrence Whittaker (below), CEO at Warrantywise said, "Electric vehicles (EVs) continue to grace our headlines, whether it’s a comment on the perceived lack of EV charging infrastructure, confirmation of … [Read more...]
Time to apply the weedkiller for thieves
Motor insurance loss adjuster Claims Management & Adjusting is calling on the police to abolish the stolen vehicle data handling process known as ‘six-week weeding’. According to the latest data from the Office of National Statistics, as many as 350 vehicles are stolen each day in the UK. Any Lost or Stolen marker placed against a Vehicle Registration … [Read more...]
Brands steer the way to a good driving trip
According to experts, the success of your road trip may hinge more on your vehicle's brand than you’d think, affecting everything from comfort to reliability. "Choosing the right car brand can be the defining factor between a memorable road trip and a frustrating journey," says Nathan Mercer, Connectivity Solutions Expert at Truely eSim. Travellers have a … [Read more...]
Car buying confidence is in the Genes
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...]
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