There's a legal and smart way to cut your motoring costs at a keystroke and it's not an April Fool joke. Motoring experts at Scrap Car Comparison found the number of cars with a SORN in 2023 was up almost 5% on the same figures for 2022, with more than two million cars put under the notification between January and September last year. But could more drivers be taking advantage of SORNs to … [Read more...]
Used car buyers skip vital checks
A recent study has revealed that many used car buyers skip vital checks before making a purchase. In fact, one in ten Brits admitted that they make no checks at all when buying a used car, leaving them unaware of any potential vehicle issues. The survey, conducted by online car-changing marketplace Carwow, uncovered just how common it is for used car buyers to skip essential checks. Despite … [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 Motor Finance, said, “Over the last year, … [Read more...]
Poor reliability & higher costs drive change, says Carwow
Reliability and higher running costs are the top reasons for selling their motor according to a new survey by Carwow, the online car-changing marketplace. Nearly eight out of 10 respondents (78%) cited reliability as the biggest reason for changing their cars, while increased running costs (71%) came a close second on their list for choosing to sell. Despite being a nation of vehicle … [Read more...]
Try these for an appy life
Whether it’s avoiding cratered Tarmac, trying to find a space to park, or worrying about escalating fuel prices, life can present certain challenges. But modern apps can often come to the rescue of motorists who might be feeling the strain. And here Graham Conway, Managing Director at Select Car Leasing, revealsed five of the best tech must-haves for anyone who demands a hassle-free drive: 1. … [Read more...]
Buyers beware but enjoy your new car
If you're thinking of looking about this weekend and buying a new 24-plate car from 1 March, you need to carefully consider what you are doing and realise you may loose a deposit, says The Motor Ombudsman. It has prepared a handy checklist to take you through the steps to satisfaction and avoid annoying mistakes. … [Read more...]
Driving up depreciation mile by mile
A new study by on-line marketplace Carwow has found how mileage severely impacts the value of used cars. The study reveals car valuations can drop by a staggering 27% once they tip over the 60,000-mile mark. As a result, owners looking to sell are now being advised to do so before their vehicle hits this 60k mileage milestone, typically when a new car's warranty expires and the first MoT is … [Read more...]
Tradelines 21 February
According to the latest data from Auto Trader, the Kia XCeed is currently the UK’s fastest-selling used car, taking on average just two weeks to leave retailers’ forecourts. Slightly behind the crossover SUV from the Korean manufacturer in joint second position, was the all-electric Tesla Model 3 and the Mercedes-Benz EQC, which both took a similarly impressive 14.5 days to sell while the dogs on … [Read more...]
Essential to build NCDs, says broker
Car insurance premiums decrease by £745, a drop of almost a third (32%), after one year of no claims discount, according to Compare the Market. When drivers come to renew their policy, those who have not made a claim on their car insurance can typically receive a no claims discount, or no claims bonus, from a number of insurance providers, with the discount rising the longer that you drive … [Read more...]
Tradelines 7 February
A strong 2.9% organic fleet growth during 2023 has been announced today by Arval UK, in a challenging market constrained by new car supply and inflation. The figure brings the total UK fleet size to 192,068 at the end of December 2023 and much of the rise has been powered by the ongoing transition towards battery electric vehicles as Arval’s UK fleet now includes 44,021 BEVs which account for a … [Read more...]