Car dealers face becoming the focus of a new customers financial scandal similar to PPI claims of the last two decades. The Financial Conduct Authority is investigating cases of finance houses not paying out compensation to customers over now-banned ‘discretionary commission arrangements’ and the watchdog is using its powers under S166 of the Financial … [Read more...]
Toyota extend their EVs with two MPVs
Toyota is extending its UK electrified vehicle range with the introduction of two new people carriers which are already on sale in Europe, the nine-seat Proace Verso EV and the compact Proace City Verso EV. Offered in nine-seat Shuttle form, Proace Verso can specified in medium (4,959mm) or long (5,309mm) body lengths (below). The Shuttle specification … [Read more...]
EV regs hit a million but petrol sales climbing too
Discounted business registrations meant Britain’s millionth battery electric car reached the road in January 2024, while the new car market grew 8.2% for the month, according to the Society of Motor Manufacturers and Traders. The first month of the year saw 142,876 new cars registered led by the Kia Sportage (above), which repeated its success of January … [Read more...]
Best and worst cars to buy and own
When buying a new car, it’s always worth thinking about the potential resale value and how much it will depreciate over time. Some cars can prove to be very worthy investments, with their value increasing over time, while others may drop quickly in value as soon as they leave the forecourt. Elements such as age, condition, mileage and number of owners are … [Read more...]
The answers at your finger-tips
It's coming up to the new number plate change and thousands of second hand models will be flooding the market, so specialist insurance broker ChoiceQuate has been looking at what buyers research most on-line, and the results may surprise you. Specialist insurance broker ChoiceQuote, has analysed search data to uncover the most asked questions on Google … [Read more...]
Northerners are more moral about scrapes
It's a scenario many drivers fear: you return to your parked car to find a fresh dent or scratch, with no note, no apology—just a silent testament to someone's hasty retreat. But how common is this hit-and-run attitude in the UK? A recent survey commissioned by Zego Van Insurance sheds light on the state of British honesty when it comes to minor car bumps. … [Read more...]
Call for incentives for retail buyers to switch to EVs
There are currently no financial incentives for private car buyers to switch to an EV, says specialist leasing company DriveElectric. So, unless the government changes its policy on consumer purchase incentives or reduces taxes in the run-up to a general election, or there’s a new government with a more pro-EV policy, sales of new EVs are likely to … [Read more...]
Dealers to be investigated over car finance commissions
THE Financial Conduct Authority will probe the motor finance industry over concerns about commission arrangements. In 2021, the FCA banned incentives for brokers to increase the interest rate that a customer pays for their motor finance, but many customers have logged complaints claiming compensation for unfair commission arrangements struck prior to the … [Read more...]
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