The entrepreneurial Gordon Murray Group plans to significantly expand operations and a commitment to invest £300M over the next five years in the automotive sector. An exciting roadmap for future expansion of the Gordon Murray Group, has been announced today and masterminded by company Founder and Chairman legendary F1 designer … [Read more...]
Used car sales dented by disease controls
The UK’s used car market declined -8.9% in the first quarter of 2021 according to the Society of Motor Manufacturers and Traders. With 1,687,755 transactions, the overall decline saw large falls in January and February of -27.1% and -19.4%, as lockdowns depressed demand and again closed showrooms. March saw the market show signs of recovery with a … [Read more...]
Cash still king among older buyers of cars
Nearly three-quarters (74%) of car owners over 55 bought their car outright without using finance, compared to half (54%) of 34 – 54 years and a third (33%) of under 34s, according to a survey of over 2,000 UK drivers. On average, three-fifths (62%) of cars were bought outright via cash or debit card, 8% using personal contract purchase (PCP), 7% were … [Read more...]
Drivers support motorway average speed cameras
More than half of drivers (56%) admit to breaking the speed limit on motorways with a third (34%) of those confessing to having travelled at speeds in excess of 80mph, research from an RAC reveals. Three per cent say their fastest speed on a motorway was over 100mph while 4% believe their top speed was 91-100mph. While the vast majority – two-thirds (66%) – … [Read more...]
Newslines 7 May
The Super SUV Lamborghini Urus’ high-speed record set on the ice of Russia’s Lake Baikal during the Days of Speed in March 2021 has been formally registered by the Russian Automobile Federation, a member of the Federation Internationale de l'Automobile. Russian racer and journalist Andrey Leontyev, 18-time record holder of Days of Speed on Baikal Ice, … [Read more...]
MoT test stresses drivers
Most drivers (58%) get stressed out about putting their car through its MOT, according to research. The cost of potential repairs needed to pass the test cause the most sleepless nights – 22%, while a fifth were concerned about being ripped-off over repairs. The research, commissioned by Gocompare Car Insurance, also revealed 13% of drivers can’t remember … [Read more...]
Learners are getting older, survey suggests
As driving lessons and tests return, new figures from a car insurance comparison website show almost a third of all learner drivers are over 30 years of age. Quotezone.co.uk data also reveals that many motorists spend longer as learner drivers than might be expected, with almost a third (32.2%) holding a provisional licence for more than a decade. While … [Read more...]
Sparks of realism needed for electric and hybrid vehicles
Electric and hybrid vehicles must become more affordable for consumers and more profitable for producers, according to GKN. For that to happen, suppliers must find new and better ways to make electric propulsion more economically viable. GKN Automotive’s technology roadmap focuses on reducing the premium for e-mobility, while maximising the benefits. Lower … [Read more...]
Wales’s car sales sky-rocket after lockdown
Car sales in Wales last month rocketed over 6,750%, the biggest jump in mainland Britain, said the Society of Motor Manufacturers and Traders. Only Northern Ireland exceeded this leap in 12 months when showrooms recorded 13,629% rise. Scotland saw a 5,686 jump but English dealers trailed with just under 3,000%. Last month, total UK new registrations … [Read more...]
Fleet providers see growth coming, says Arval
Company car and van fleets are markedly more optimistic about growth than before the pandemic, according to new research in the 2021 Arval Mobility Observatory Barometer. When asked whether they expected the number of vehicles they operate to increase or decrease in the next three years, the response was eight percentage points higher than 2020’s … [Read more...]
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