In light of the recent Autumn 2024 Budget, Car & Classic announces that classic cars are exempt from the increase in Capital Gains Tax (CGT), a change that could make them an attractive, tax-efficient investment. With CGT rising from 10% to 18% for the lower rate and from 18% to 24% for the higher rate, this exemption offers an advantage for those considering classic car ownership. While … [Read more...]
Golden oldies names valued, say trade
More than four out of 10 dealers believe that reviving old model names is good for car sales, according to research carried out following the launch of Ford’s new Capri. October’s new Startline Used Car Tracker shows that 32% think that bringing back the Capri (above and below) means that buyers will take a closer look at the new SUV EV that bears the name. However, 39% think that the Capri … [Read more...]
Classic cars’ price plateau reached
In an ever-changing year for classic cars, Hagerty Price Guide UK Editor, John Mayhead, analyses the trends that suggest the market may have finally reached a plateau. The last few years have been interesting times for the classic car market. After Covid came a surge in buyers looking for the car they’ve always promised themselves, and Hagerty’s six UK indices, each of which tracks a different … [Read more...]
Goodwood Revival was pure theatre of dreams
Motor racing’s annual offering to the idiosyncratic British knack of successfully combining nostalgia with sublime racing scored again. Goodwood’s Revival meeting provided a 17-race card containing a broad selection of Saloon, Sports, GT and formula cars driven by a cross section of top-class drivers from both historic and modern racing genre. Held in normally sunny Sussex, event shook off wet … [Read more...]
Car restoration & reckoning
DIY car restorations have surged by 20% this year alone. With the rising popularity of personalizing vehicles, now is the perfect time to dive into your own restoration project. From sourcing affordable parts to mastering essential techniques, these pro tips will help you transform your car with ease. “The right guidance can turn any car enthusiast into a skilled restorer,” says the … [Read more...]
CarFest is growing greener next weekend
CarFest presented by bp pulse is the UK’s biggest family fundraising festival and switching its fleet to sustainable fuel for the first time this year, thanks to an in augural partnership with SUSTAIN. From delivery trucks to luggage buggies, 123 festival fleet vehicles will run on SUSTAIN Diesel for the event, a ‘plant-powered’ drop-in fuel from Coryton. Over the weekend (23rd-25th August), … [Read more...]
MGBV8 returns on 100th anniversary
The much loved famous big-engined MGB is back for a staggering $225,000 or over £175,000. As 2024 marks the centenary of MG, esteemed MGB restomod specialist Frontline Cars is set to extend its legacy to enthusiasts across the United States. This significant milestone will see the all-new, V8-powered Frontline LE60 make its American debut at The Quail, A Motorsports Gathering and select events … [Read more...]
New convertible cars hit 20 year low
U.K. buyers in the market for a new convertible car have the fewest models to choose from in almost 20 years. The latest annual Convertibles Report by CarGurus - a leading automotive marketplace in the U.K. to shop, buy, and sell used vehicles - found consumers have the choice of just 22 new convertible models from the U.K.'s 30 most popular manufacturersi. This represents a 41% decline from the … [Read more...]
Sustainable fuel in UK test
To celebrate 35 years of the Mazda MX-5, four Mazda MX-5s – one of each generation – drove a 1,000-mile route from Land’s End to John O’ Groats using sustainable fuel. Powered entirely by a 100 per cent biofuel from SUSTAIN, the world’s best-selling two-seater sports car became the first car to complete the end-to-end drive across the UK using sustainable fuel. Launched at the 1989 Chicago Motor … [Read more...]
Expert insights on parties’ plans for drivers
With the UK General Election 2024 around the corner, each of the political parties battle for your vote. Manifestos can be as long as 136 pages, and weekly live television debates add to the complexity, making it challenging to keep track of each party’s initiatives and promises. In fact, many people are even debating over who they vote for with search terms like ‘who should I vote for’ … [Read more...]
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