Overall, the used car market is in a strong position heading towards the tail end of the year, said Paul Hill National Association of Motor Auctions spokesman. Whilst the lack of new car registrations in the past two and a half years has stemmed the supply of used cars for forecourts, values reaching record heights has balanced this out. "NAMA Members are … [Read more...]
Newslines 24 June
Ferrari has overhauled its new and used car programme, service and maintenance. Warranty is good for seven years and it’s been backdated for many models sold since 2015 while buyers can choose to extend it to 15 years on major components and that is transferable to new owners while a new approved used programme is on-line. Ford says it wants to build its … [Read more...]
Tradelines 1 June
Using FOI requests to 50 UK councils, Rivervale Leasing has investigated 21,106 vehicles reported abandoned during 2021 to find out the most common and where this is happening most frequently. The Ford Transit was the most commonly abandoned vehicle by a long way but the top dumped car compared to their total registrations was the Suzuki Vitara and in Wales … [Read more...]
Tradelines 11 May
The first Aston Martin DBX707 has been built for a customer at the St Athan factory. Aston Martin took on 100 additional people for the new model’s assembly and the car is a progressive development of the first generation DBX SUV with enhanced performance and subtle styling and equipment changes but the DBXV8 and China-only straight-six cylinder versions … [Read more...]
EV and used car sales are soaring
The UK’s used car market increased 5.1% in the first quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders. Some 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021, when car showrooms nationwide were closed due to pandemic-related lockdowns with … [Read more...]
Little car makes big money in Car & Classic auction
Car & Classic is increasingly becoming the go-to online auction platform for unusual and rare classic vehicle finds and an extremely rare Peel P50, went for an impressive £111,000. It is believed to be the second-highest price paid at a British auction for the model - is also said to have a wild past: used in a promotional stunt going all the way to the … [Read more...]
Newslines 21 February
Silverstone Auctions will include a world-famous car linked to ‘rally royalty’ in its spectacular 2022 Season Opener at The RAF Museum London on 5 and 6 March. The 2001 Ford Focus World Rally Car driven by the legendary late Colin McRae, with its iconic Y4 FMC plates, promises to be one of the most crowd-pulling rally stars of this glittering auction and … [Read more...]
Fleets fear petrol & diesel value collapse
Fears over the future residual values of internal combustion engine cars and vans are increasingly helping to drive fleet adoption of electric vehicles, FleetCheck is reporting. Andy Kirby, customer success director, said that worries were being expressed across its outright purchase user base that demand for used petrol and diesel vehicles might start to … [Read more...]
DVLA registration auction has F1 edge
Heading the raft of registrations being offered by the DVLA during the online seven-day sale beginning on 23 June is MCL 35M, which has a starting price of £350. It’s the model number of the racing machine currently vying for honours and being driven by Brit Lando Norris and Aussie favourite Daniel Ricciardo. Similarly, the line-up includes SF21 FER which … [Read more...]
You can take Lewis Hamilton’s place for over $5,000,000
Lewis Hamilton’s inaugural GP winning McLaren will be auctioned at this year’s British GP. Formula 1 together with RM Sotheby’s have announced the 2010 McLaren Mercedes MP4-25A Formula 1 Race Car which began his unequalled championship career in Turkey, has an estimate: $5,000,000 - $7,000,000 value and will be sold on the Saturday afternoon of the race … [Read more...]
