A classic £1 Million Aston Martin DB5 similar to models in the James Bond films has been stolen in daylight from an address in Cheshire. There is a £1,000 reward for information leading to its recovery and the car is virtually unsaleable due to its rarity. Tesla is rumoured to be close to developing production batteries that are up to 50% more energy … [Read more...]
Insurance News
Newslines 27 August
About 400 jobs are going at the MINI plant, Cowley, Oxford. The company said it’s halving its contracting force following a slump in demand for the models in the coronavirus lockdown. Learners have to contend with another collapse of the DVSA on-line driving test booking system. It failed within hours of being restarted after the lockdown and then again … [Read more...]
What drivers hate doing
Over a third (37%) of UK drivers avoid driving on motorways (men 29% and women 45%), over half (52%) avoid city centres and 50% avoid parallel parking and parking on a hill. A Censuswide survey for InsuretheGap.com, an independent provider of Guaranteed Asset Protection car insurance, of over 1,500 UK drivers identifies the top situations that drivers … [Read more...]
Auto-renew at your own peril
With the September peak of car insurance renewals, GoCompare is warning about letting a policy auto-renew without checking for a better deal. One in five motorists allowed their insurer to auto-renew their policy without seeing if they could get the same cover for less money compared with 15% in February 2020. Number of drivers auto-renewing is worth £6.7 … [Read more...]
Classics become contemporary as sales boom
Owning, restoring and driving a classic car is a common dream, but it requires significant investment at every stage – in both time and money. Such desirable, high-value vehicles are inevitably also a common target for professional thieves meeting demand for vintage cars and their parts in the UK and across Europe. Stolen vehicle recovery (SVR) expert, … [Read more...]
Skills shortage warning
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 … [Read more...]
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 … [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 … [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 … [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 … [Read more...]
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