Falling electric vehicle values are stabilising once they reach price parity with their internal combustion engine equivalents, March’s meeting of the Vehicle Remarketing Association was told. Andy Shields, global business unit director, of Indicata, presented data for a variety of EVs that showed this trend, following on from the dramatic price falls seen … [Read more...]
Top tips to get the best price for your car
If you're considering upgrading your motor, part-exchanging your car can be a convenient and cost-effective option. The popularity of part exchanging cars is rising, possibly influenced by the release of new car registration plates and Bristol Street Motors has spotted that searches for ‘how to part exchange my car’ have increased by 100% in the last three … [Read more...]
Premiums jump 46% year to date for drivers
The cost of car insurance has increased by 46% year on year, according to new Premium Drivers research from Compare the Market, and young drivers are seeing the biggest jump. The typical premium stands at £892 in February 2024, after rising by £279 over the previous 12 months. The substantial increase in the cost of car insurance may in part be due to a … [Read more...]
Polo overtakes Fiesta as Wales most popular used model
Research has revealed the most desirable second-hand cars, with the Ford Fiesta topping the ranking. However, searches for the Fiesta in Wales are actually down with Welsh drivers instead searching for the Volkswagen Polo - with searches for this model having increased by 38% over the last three months. The data, carried out by the experts at Uswitch Car … [Read more...]
Shocking depreciation of EVs worries trade
The steep depreciation on some EV models has made dealers wary of buying them for stock, according to new research by HonkHonk.co.uk. HonkHonk is the trading platform that brings motorists together with dealers who want to buy their cars and is now warning EV drivers to expect little enthusiasm when they offer theirs for sale. More than one in three used … [Read more...]
Toyota top for reliability, says Warrantywise
The Toyota Yaris is ranked as the most reliable used car you can buy according to the latest figures released in Warrantywise’s annual Reliability Index today. Warrantywise, the UK’s leading used car warranty provider, today reveals the results from its highly anticipated annual Reliability Index using data from 2020 to 2023 as it declares the Toyota Yaris … [Read more...]
Newslines 18 March
A fully-electric BMW iX2 will be introduced for the first time, offering a range of up to 283 miles. It comes as part of the second generation BMW X2 Sports Activity Coupé blends a new dynamic style, cutting edge technology, increased space and exceptional comfort for UK buyers from this month with the BMW X2 range from £40,515 and the all-electric BMW iX2 … [Read more...]
Newslines 15 March
The Welsh Government will be investing £1m to create a network of car clubs to connect rural communities, says outgoing Deputy Climate Change Minister Lee Waters. The move comes as part of plans to meet ambitious targets for reducing carbon emissions with aims for public transport, walking and cycling trips to account for 45% of journeys by 2040 and … [Read more...]
Used car buyers skip vital checks
A recent study has revealed that many used car buyers skip vital checks before making a purchase. In fact, one in ten Brits admitted that they make no checks at all when buying a used car, leaving them unaware of any potential vehicle issues. The survey, conducted by online car-changing marketplace Carwow, uncovered just how common it is for used car … [Read more...]
Used car prices to fall this year, traders tell Startline analysis
More than eight out of 10 used car dealers expect used car prices and values to continue to fall this year, new research shows. The March Startline Used Car Tracker says that one in five (20%) think the rate of fall will accelerate, 28% believe they will continue at the current speed, and 36% that they will be less severe. Paul Burgess, CEO at Startline … [Read more...]
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