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...]
Price rises predicted for new and used petrol and diesel cars
More than eight out of 10 people think used petrol and diesel cars will soon become harder to buy thanks to the government’s new 2030 production ban, according to research. Startline’s October Used Car Tracker shows that 73% expect used petrol or diesel cars to become more expensive as a result of the measure and 66% say they’ll hang onto their existing … [Read more...]
Newslines 4 October
The average price of petrol and diesel fell by 6.5p in September – the ninth biggest monthly drop seen since 2000, said RAC Fuel Watch. A litre of unleaded averaged 134.79p, down from 141.26p at the start of the month while diesel fell from 146p to 139.5p so drivers are now saving £3.60 every time they fill up an average 55-litre family car and the RAC … [Read more...]
Diesels surge as private motorists snub EVs
The UK new car market rose 1.0% in the key ‘74’ plate change month of September, to 275,239 units, according to the Society of Motor Manufacturers and Traders with private buyers turning to more diesels than pure electric models.. In what is traditionally a bumper month for new car registrations, second only to March, the performance was the best since … [Read more...]
Tradelines 2 October
Eye snatching is the term being applied to the increasing number of LED headlight thefts worth thousands of pounds for each unit. Thieves are increasingly targeting expensive models to hack out and disconnect the multi-lenses to be sold on the parts' black market, said Philip Swift, Technical Director at Claims Management and Adjusting. Europe's component … [Read more...]
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