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...]
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 … [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 … [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 … [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 … [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 … [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 … [Read more...]
British drivers love e-bay!
As one of the UK’s biggest online automotive marketplaces, eBay has revealed the most expensive parts and accessories of 2023, with performance engines, carbon fibre monocoques for high-end performance cars and exclusive number plates dominating the top 10. First and second places on the rundown of biggest buys for 2023 belonged to the performance car … [Read more...]
1.8 M drivers have The Knowledge
The Motor Ombudsman’s online Knowledge Base is five years old. Accessible on every page of the Ombudsman’s website, TheMotorOmbudsman.org, the Knowledge Base was introduced in January 2019 to help consumers find answers to frequently-asked questions, and information in relation to buying and owning a car. During the last half-decade, the Knowledge Base … [Read more...]
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