It seems 2024 will be the year of 'peak petrol' when it comes to how UK cars are powered, more than 160 delegates heard at the annual seminar of the Vehicle Remarketing Association. Louis Maxwell, senior insight manager at Auto Trader, told the audience at The Slate, Warwick University, that growth in sales of electric vehicles (EVs) meant that volumes of … [Read more...]
Classic cars’ price plateau reached
In an ever-changing year for classic cars, Hagerty Price Guide UK Editor, John Mayhead, analyses the trends that suggest the market may have finally reached a plateau. The last few years have been interesting times for the classic car market. After Covid came a surge in buyers looking for the car they’ve always promised themselves, and Hagerty’s six UK … [Read more...]
Getting the best price for your car
A new study from Auto Express can help drivers decide the most profitable way to sell their cars, and it may surprise you. Using UK Vehicle Data for the latest sale valuation estimates, the study reveals whether sellers should opt for a private sale or a part exchange. The research has revealed that private sales, which are traditionally seen as more … [Read more...]
Golden anniversary of Mitsubishi in Britain
Mitsubishi Motors in the UK is celebrating its 50th year of trading in 2024 and is marking the anniversary with a calendar of events to honour the brand and its heritage. The 50th anniversary year kicked off in February at the annual Mitsubishi Motors in the UK Aftersales Conference. The event brought together all 110 Mitsubishi aftersales dealers across … [Read more...]
Used car prices to fall this year, traders tell Startline analysis
More than eight out of 10 used car dealers expect used car prices and values to continue to fall this year, new research shows. The March Startline Used Car Tracker says that one in five (20%) think the rate of fall will accelerate, 28% believe they will continue at the current speed, and 36% that they will be less severe. Paul Burgess, CEO at Startline … [Read more...]
Ex-fleet sales will dramatically boost ev take up
If leasing companies electrify their fleets earlier, 18 million more households in the EU will have access to cheaper EVs and save on their car spending. At current rates of electrification, 33 million households in the EU will have access to second hand electric cars from today until 2035. But if the leasing sector accelerates its uptake of EVs, this … [Read more...]
Mansell mania makes millions in auction
There is no doubt that ‘Mansell mania’ continues to be strong, with an incredible set of results achieved for Nigel Mansell’s Legacy Collection. Highlights from the collection being sold by the 1992 Formula One World Champion included the 1985 Canon Williams Honda European Grand Prix Helmet 'First Win'. Worn by Mansell in the 1985 European Grand Prix when … [Read more...]
Best & worst places to buy used cars in UK
The most affordable major UK cities to buy a car between 1 and 5 years old have been revealed, with buyers potentially able to save thousands – if they’re willing to travel. According to data published by CarGurus – a leading online automotive marketplace to shop, buy, and sell used vehicles – the national average price of a 2018-2022 model year used car in … [Read more...]
Weekend roadtest: GWM Funky Cat 1st Edition
The UK’s electric car revolution is becoming a bloody affair. From initially resisting the new technology on cost grounds including writing off established investments in petrol and diesel engine technology and having to develop hybrid or pure electric powertrains, along with making tens of thousands of workers redundant, manufacturers have struggled to … [Read more...]
Profits possible despite a potential pitfall in 2023
A “difficult” 2023 lies ahead for the used vehicle sector but strong profits will still be possible, more than 150 delegates heard at the Vehicle Remarketing Association’s (VRA) Annual Seminar last week. Philip Nothard, chair at the industry body said that speakers at the event had detailed a picture of both economic and structural challenges. “There is … [Read more...]
