A combination of the lockdown restrictions over the past six months, a 'baby boom' in 2003/4 and a decline in registered driving instructors means the UK could fall into a national shortage of driving instructors in the latter half of 2020, with the problem only predicted to continue and grow. Learner driver insurers, Marmalade has studied the data and forecast big problems for the industry and … [Read more...]
Insurance News
Plug pulled on sales of new Ford Kuga PHEV
By David Miles Ford has pulled the plug on sales of the its new Kuga PHEV. Four car fires have been associated with the battery pack during charging and it’s believed some 27.000 models around the world could be affected. The plug-in hybrid SUV arrived in showrooms only recently and proved popular, accounting for 50% of Kuga’s European sales for the second quarter of the year. Around 7,000 … [Read more...]
Repair costs still driving fleet manager decisions
Over 70% of fleet managers say the cost of vehicle repair influences the choice of vehicles in their fleet, according to new report ‘Fleet Managers, the pressures, challenges and opportunities.’ Being green is also a key factor with 56% making choices around the composition of their fleet based on protecting the environment. With more than 90% of motor accidents the result of human error the … [Read more...]
Beware of holiday ‘hang ons’ with car hire
Holidaymakers planning to hire a car in the UK this summer should check the price of the car hire ‘extras’ they need, as the cost at the rental desk can differ by hundreds of pounds. That’s according to a study of Sixt, Europcar, Enterprise and Hertz in eight UK cities includding Swansea by iCarhireinsurance.com, provider of stand-alone car hire excess insurance. The cheapest place to hire a … [Read more...]
Newslines 4 August
Ferrari earnings have skidded because of supply chain and coronavirus pandemic issues. Earnings fell 60% to £111,680,000 in Q2 but the full year sales are expected to dramatically pick up by spring 2021 and be at the lower end of their original forecast or about £30 Billion. Fuel price rises recorded by the RAC this week will wipe out savings from cheaper insurance premiums as a result of the … [Read more...]
Newslines 31 July
The cost of insuring a car has decreased by £80 over the past six months, according to new data from comparethemarket.com. It now costs an average of £1,182 to insure a car for those aged between 17-24 and while premiums have historically fluctuated throughout the year, average premiums remain significantly lower than the same time last year and are now at their lowest levels since 2015 for the … [Read more...]
Tradelines 29 July
Sixty apartments costing up to £1.65M will be built overlooking the Silverstone GP racing track and come complete with a clubhouse and leisure facilities. The leasehold apartments with balconies will be fully managed and can be rented out when not in use by their owner who will benefit from access to all major meetings from May 2022. The UK’s Financial Conduct Authority will ban … [Read more...]
Now learners return to school of mum & dad
The gradual easing of the coronavirus lockdown has seen more new drivers than ever opting to learn with another family member, suggests analysis of RAC Learner Driver Insurance data. With driving instructors unable to start giving tuition again until 4 July as a result of the pandemic, figures show just how eager new drivers were to get behind the wheel with RAC Insurance recording its … [Read more...]
Tradelines 22 July
Two years since its market introduction, the Lamborghini Urus Super SUV, has reached the important milestone of the 10,000th car. The model with chassis number 10,000 is destined for Russia and is a landmark for the company which has seen its fortunes turn around as a result. Car insurance premiums decreased by £6 during June and now stand at an average of £709, which will be welcomed … [Read more...]
Newslines 20 July
With figures published by the RAC Insurance confirming a 56% leap in vehicle thefts over four years stolen vehicle recovery business Tracker is warning drivers that the figures could be significantly higher for 2020. New car production ground to a hold as a result of the global epidemic, causing delays to the supply chain and creating a shortage of spare parts so pent-up demand for both new cars … [Read more...]