Classic car owners are increasingly putting their vehicles up as security for loans. HNW Lending, an alternative lender that provides individual loans of between £50,000 and £2 million to clients against their valuable assets, has seen a dramatic increase in enquiries. The company is looking to provide loans against more classic cars because they are … [Read more...]
News
Newslines 13 May
A speed camera on North Road, Cardiff has generated £840,000 fines from motorists, according to data sent to BBC Wales. It’s the biggest earning camera in Wales, where £17.1 Million was collected in 2016, and now the RAC Foundation for Road Safety is calling for the North Road site to be investigated for poor signage, layout or other reasons to explain … [Read more...]
Quarter of drivers hid points from insurers
Nearly a quarter (23%) of motorists did not inform their insurer the last time they received penalty points on their licence. Research by RAC Insurance has found as many as 2.8m drivers have points on their licences which means around 654,158 drivers may be putting themselves at risk of their insurance policy being declared invalid should their insurer … [Read more...]
Newslines 12 May
CBI Wales has now joined the Federation of Small Businesses and called for an immediate end to the Severn Bridge tolls to give the economy an instant boost. Current tolls will be slashed to £3 for small vehicles and £10 for bigger units when the bridges pass into public ownership in 2018. IAM RoadSmart is looking for a Younger Driver Ambassador from … [Read more...]
Rule-breakers celebrated at Goodwood FoS
The 2017 Goodwood Festival of Speed Presented by Mastercard, will take place from 29 June to 2 July. Amongst a glittering array of cars and motorcycles from around the world, this year the festival will celebrate racing machines that were so fast, powerful, expensive or complicated that the rules had to be changed to rein them in. This year’s theme – … [Read more...]
Van drivers tell of mental issues with jobs
One-in-five van drivers admit to having poor or very poor mental health and most blame their jobs, they have told Mercedes-Benz pollsters. Exclusive research commissioned by Mercedes-Benz Vans UK Ltd to mark Mental Health Awareness Week 2017 has explored for the first time the issue of mental health within an often overlooked yet vital business … [Read more...]
Trade-lines 10 May
Renault-Nissan has jumped to third in the world car rankings sale helped by its Mitsubishi acquisition, says Focus2move. In Q1 2017, Toyota narrowly outsold Volkswagen but the French-Japanese alliance grew an impressive 11.5% to overtake GM, with Hyundai-Kia fifth and Ford in 6th place, ahead of Honda, Fiat Chrysler, Suzuki and PSA. Higher sales and … [Read more...]
Knock-on effect of diesel decline felt across market
The decline in diesel new car sales is forcing down used prices as well, but Volvo is enjoying a boom in second-hand prices. There is a knock-on effect on financing plans increasingly being used by car makers to bolster income, report analysts to Reuters. Pollution concerns and the likelihood of city centre charging is also affecting the business model … [Read more...]
New smart pure heads line-up
The new smart pure in fortwo coupé and forfour body styles is now on sale from £9,995. The pure model line comes with a 1.0-litre petrol engine with an output of 71 hp, mated to a five-speed manual transmission. It has a top speed of 94 mph, and emits just 97 g/km of CO2 while achieving a combined fuel economy of 67.3 mpg combined. Standard equipment … [Read more...]
Newslines 8 May
The new SEAT Ibiza will cost from £13,130 in showrooms on 21 July. The five-door only model is based on four petrol engines and five trim levels. Olympia hall, London will once again host a motor show. The company behind Top Gear Live and CarFest will stage a return to the venue after 80 years when it opens the new show’s doors in July 2018. … [Read more...]
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