New car sales broke all records in the UK last year. The SMMT said 2,633,503 new cars were registered helped by a bumper December of 180,077 and fleet registrations over 1.3 Million during the year. The sales last year went up 6.3% over 2014, exceeding predictions and the 2003 record of 2.5 Million. Wales and England were the only parts of the UK to … [Read more...]
News
Newslines 6 January
The average price of petrol fell by more than 4p a litre in December to 102.89p, reducing the cost of filling up a family-sized 55-litre car for the sixth consecutive month – a saving of £2.02 on every tank. RAC Fuel Watch data for December shows the month-end unleaded average price of 102.89p was the lowest since December 2009 and led to a tank of petrol … [Read more...]
Financial deals & incentives will drive UK sales this year
Growth in the number and variety of finance packages available to private buyers will drive the new and used car markets in 2016, predicts Glass's. In the new car sector, which will see growth in registrations of around 3%, further finance packages will need to stimulate consumer interest and provide new avenues to affordability. However, the real … [Read more...]
Flood alert to car buyers
The used car market could be swamped with flood-damaged cars following the extreme weather of recent weeks. Estimating that insurers could be facing claims for up to £40 million for cars written-off by recent weather, AA Insurance says that cars which have been immersed in water may seem undamaged but can store up potentially fatal faults. Michael … [Read more...]
Scary truth behind worst cars
Britain’s Halloween-horror car has been identified. Using data from its repair records, Warranty Direct says it would have an engine from the Mitsubishi Outlander, steering and gearbox from a Chevrolet Tacuma, axle and suspension from a Mazda 5, brakes from a Mazda MX-5, electrics of the Lexus GS, and the air-conditioning system taken from a Honda … [Read more...]
Co-ordinated campaign to crack car cyber-criminals
Car security experts are now launching an attack on cyber-criminals. Establishing standards to promote consumer confidence around vehicle cyber security is high on the agenda for Thatcham Research, as the British insurers’ research centre turns attentions to combatting future car crime as the newest members of the Cyber Security Consortium for Connected … [Read more...]
Insurance tax hike hits motorists this weekend
Sunday’s increase in Insurance Premium Tax (IPT) from 6% to 9.5% is due to cost motorists an extra £386m a year, taking their insurance tax contribution to over £1bn¹ for the first time. As 80% of drivers questioned did not know of the IPT rise, the RAC analysis of industry figures reveals that the tax hike – which comes into effect on Sunday 1 November … [Read more...]
Go-ahead given for Newtown bypass
Transport Minister, Edwina Hart, has given the go-ahead for the Welsh Government’s preferred route for the Newtown bypass after considering the findings of the Public Inquiry. Following an inquiry into objections to the 5.8km bypass, the planning inspector concluded that the proposed route should proceed. Completion of the statutory processes is now … [Read more...]
Newslines
Toyota Motor Corp's president said that it would be wrong for diesel use to fall as a result of the Volkswagen emissions scandal and that Toyota would continue to use diesel engines in vehicles where appropriate, such as in trucks. "Diesel has its merits, and it would be wrong if the ongoing scandal led to the end of diesel use," Toyota President Akio … [Read more...]
Ratings agency says VW management is flawed
The emissions crisis highlights serious corporate governance problems at Volkswagen, says a new report by Moody’s. While the ongoing management reshuffle is positive, the high turnover creates risks says the international business credit-rating agency. Yasmina Serghini-Douvin, vice president and senior credit officer at Moody’s said, “VW's emissions … [Read more...]
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