The Motability scheme for disabled drivers and families is changing and users face higher costs. The business supplies new and nearly new cars to disabled drivers in return for their monthly allowance but now needs to offset £300m of new taxes imposed following last year’s Budget, with some costs passed on to users. They may also have to pay an initial £400 … [Read more...]
Discounts driving EV sales are unsustainable, say car makers
Electric car registrations are accelerating driven by huge manufacturer discounts. The UK new car market grew by 6.6% in March, typically the busiest month of the year, with 380,627 new vehicles registered, according to the Society of Motor Manufacturers and Traders. Registrations in Wales saw the smallest rise of just 5.85% to 12,275 cars in March … [Read more...]
British loyalty to Chinese makers tested
Almost seven out of 10 motorists say they would be more likely to buy a car from a Chinese manufacturer with a UK factory, according to new research. April’s Startline Used Car Tracker shows 41% believe it would be a good sign if Chinese companies became part of the UK motor industry and 31% want to back companies that invest here. Also, 26% believe … [Read more...]
Business issues warning over EV ppm tax
The Government’s proposed pay-per-mile electric vehicle duty could cost the UK’s fleet sector £260 million a year by 2028 through compliance alone, according to new analysis from the British Vehicle Rental and Leasing Association. The cost is based on BVRLA member data, and driven by both direct administration (£75 million) and lost productivity from … [Read more...]
Millions of pounds going to car buyers
Millions of car buyers who took out finance with hidden costs will receive payouts this year after the Financial Conduct Authority today confirmed compensation for mis-sold agreements. Announcing the final details this afternoon after markets had closed, the watchdog said the average payout will be around £830 – higher than it previously stated. However, … [Read more...]
£300,000 for Welsh VW convertors
A £300,000 investment from the Development Bank of Wales will drive the next phase of growth for Bridgend-based campervan conversion specialists Holbrook Customs. Delivered through the Wales Flexible Investment Fund, the investment will allow Holbrook Customs to boost production, expand its team and bring more work in‑house, while strengthening local job … [Read more...]
Fuel bills are worrying motorists
Rising fuel bills are motorists major concern. RAC head of policy Simon Williams said: “Drivers tell us the cost of motoring is a major concern, and fuel is a huge contributor to that, so making sure they’re paying a fair price at the pumps is essential. For that reason, we welcome the competition watchdog's scrutiny of what’s happening on forecourts … [Read more...]
New Chinese brands now spreading through used market
Almost half of used dealers (45%) say they have added cars from Chinese new entrants to their stock, according to new findings. February’s Startline Used Car Tracker shows 45% say they sell quickly, 33% they represent good value and 20% buyers like the cars on offer. However, 37% of motor retailers are waiting to see how reliable they prove to be, 20% … [Read more...]
Aston Martin car plant workers facing cuts
Scores of jobs are on the line in Aston Martin's St Athan plant. The luxury sports car brand today announced a 20% cut in its 3,000 strong workforce in Britain, mostly at its Gaydon HQ and St Athan plants. Aston Martin has confirmed the firm's net losses jumped 52% last year to £493.2m. It has this month announced plans to raise some capital by … [Read more...]
Newslines 24 February
Toyota’s successful three-year fixed price insurance offer is being extended to 31 March, giving customers the opportunity to obtain insurance cover with the same price guaranteed for three years. For example, the award-winning Aygo X Hybrid can be insured for just £450 a year with the offer, while the annual price for the Yaris hatchback and Yaris Cross … [Read more...]
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