A high number of ex-pcp sourced cars entering the used market has led to a fall in used prices. It’s not just the volume going on sale but the fact many are diesel and hatchbacks or saloons and not the more desirable petrol powered SUV models say analysts at Cazana. Falling prices, steady low interest rates and slowly improving pay are boosting car … [Read more...]
Retail
Motorists’ deep unhappiness with dealer finance services
A mystery shop of car dealerships has revealed there is nation-wide consumer confusion about car finance, stemming from a lack of transparency and inconsistent sales practices. The research by Confused.com comes ahead of the results of a review by the Financial Conduct Authority into the growing motor finance sector, which will review potential for … [Read more...]
Welsh car sales rise against the tide
Wales bucked the trend as summer burned new car dealers with sales down 3.5% in June, according to figures from the SMMT. The news came on the day that JLR said it would have to reconsider planned UK investment if there is a “bad” Brexit deal, possibly close some British factories and make thousands redundant. Six months ago, JLR announced cuts at … [Read more...]
New-car delivery delays boost nearly-new values
Demand from dealers for nearly new stock is increasing thanks to long waiting times for many new cars, reports Meridian Vehicle Solutions. Phil Jerome, managing director, explained that his company’s medium term rental model meant that it almost exclusively defleeted 6-12-month old prestige and semi-prestige cars, and so had a strong insight into this … [Read more...]
Dealers still dominate car sales over internet searching
Despite the internet becoming the most common source for researching a car, consumers still rely on car dealers when actually making a purchase, according to the second iteration of the Britain Under the Bonnet report produced by Close Brothers Motor Finance. The findings reveal that well over half (57%) of motorists used the internet to help inform their … [Read more...]
Tradelines 4 July
The Toyota RAV4 is once again the best selling SUV in the world. VW Tiguan is next and the Honda CR-V third. After suffering the worst monthly petrol price rise in 18 years in May, June provided motorists with a little welcome relief at the pumps with the average price of unleaded falling by nearly 2p a litre. RAC Fuel Watch data shows that petrol … [Read more...]
Car makers’ concern ‘green drive’ is too ambitious
A study by the European Automobile Manufacturers’ Association says affordability of electric cars remains a strong deterrent for customers across the EU. The analysis, which compares national data on the market uptake of electrically-chargeable vehicles (ECVs) with GDP per capita, shows that the market share of ECVs is close to 0% in countries with a GDP … [Read more...]
Newslines 2 July
There will be some very unusual models at October’s Paris Motor Show. Full size LEGO brick versions will be displayed as the 60 year old famous Danish toy company becomes a partner for the 120thshow in the French capital. The average motorist expects to finally own their dream car at 42, according to a poll. However 37 per cent believe their fantasy … [Read more...]
Sunday drive: Toyota Land Cruiser Invincible 2.8-litre
Sold in over 190 countries around the World, the latest Land Cruiser and Toyota’s all wheel drive technology has 65 years of history in their tracks, writes David Miles. The hard-core Land Cruiser has a legendary reputation for toughness, reliability, durability and go-anywhere capabilities whether its jungle, desert, mountain, war zones, peace keeping … [Read more...]
New Ford Focus redefines family motoring
Britain’s best selling family car moves up several gears in September with the new Ford Focus. Building on its reputation for good handling from its launch 20 years ago, the newest generation is brimming with the latest technology under the all-new stronger bodies, including the latest Dragon petrol engines from Bridgend along with a new eight-speed … [Read more...]
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