INEOS Automotive becomes part of a portfolio of 45 carmakers in the UK that have so far pledged their adherence to The Motor Ombudsman’s Chartered Trading Standards Institute best practice, and to going beyond the standards required by law with regards to the provision of new vehicles and new car warranties. The 4X4 maker’s accreditation under the Vehicle … [Read more...]
Insurance News
Add more for less and get a lower premium
Young motorists aged under 25 could save up to £281 on their car insurance by adding an experienced named driver to their policy, said Compare the Market. It reveals the typical premium for a young driver is £1,859 with an additional named motorist on the policy. Without any other named drivers on the policy, the average premium for a young person is … [Read more...]
Wish list to put the wheels under UK economy
Following last week's General Election, the automotive sector has written its wish-list for the new Labour Government and what it sees as priorities to boost sales and the economy on wheels. The RAC is calling for the new Labour Government to urgently tackle the most pressing concerns of the UK’s 40m motorists in its new transport policy. The poor state … [Read more...]
Financiers must support EV sales
Almost all dealers (97%) surveyed in June’s Startline Used Car Tracker say that more support is needed from motor finance providers for electric vehicle (EV) funding. In the research, 52% say their lenders are less keen to finance EVs, 45% charge higher finance rates and 21% want higher deposits. Also, 14% say their lenders won’t finance EVs at … [Read more...]
Go.Compare reports falling premiums
Go.Compare car insurance says car insurance costs are beginning to fall, with the average insurance premium now at £447. The comparison website’s latest price index has revealed that even though the average cost of car insurance fell by £18 in the last quarter - from £465 to £447 - prices are still up on 2023 figures, with the average policy costing £343 … [Read more...]
Welsh beaches holding back car crime tide
Wales has some of the UK’s safest beaches with lowest levels of car crime, according to statistics pulled together by Scrap Car Comparison. Criminals around the Welsh and British coastline are not taking a break or holidays even if you do, but where you go can make a difference to a day out. With summer holiday season almost upon us, sun seekers will be … [Read more...]
Warranty work gets a boost with 1link Service Network
A new network of garages that are keen to undertake motor warranty work has been created by epyx. It consists of over 1,400 suppliers right across the country, giving warranty providers easy access to national coverage of workshops that want to fulfil claims. Marc Lees, director of business development at epyx, said, “One of the success stories at epyx in … [Read more...]
Women more likely to give up a car, says Carwow
Over one in ten (11%) Brits have sold their car due to financial necessity, according to Carwow, the online car-changing marketplace. Of these, 58% were female, and 42% were men, suggesting that women are more likely to give up their car due to financial pressures. Selling a car because of financial pressures is more common among those aged between 40 and … [Read more...]
Premiums rise & much higher for older drivers
The cost of car insurance has risen by 18% year on year, according to new Premium Drivers research from Compare the Market but older drivers are being priced off the roads. The typical premium stood at £850 in May 2024 after rising by £132 over the previous 12 months. The increase in the cost of car insurance in the past year may in part be due to a rise … [Read more...]
Safety ratings take a back seat with motorists
Fewer than one in five or 18% of motorists check official safety ratings such as Euro-NCAP when buying a new car, new findings show. June’s Startline Used Car Tracker shows that 73% expect all cars to meet high safety standards – although only 36% believe that legislation can be trusted to ensure that cars have effective safety features. Paul Burgess, CEO … [Read more...]
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