THE Financial Conduct Authority will probe the motor finance industry over concerns about commission arrangements. In 2021, the FCA banned incentives for brokers to increase the interest rate that a customer pays for their motor finance, but many customers have logged complaints claiming compensation for unfair commission arrangements struck prior to the … [Read more...]
Retail News
Newslines 23 January
Bentley Motors achieved its third best ever year in 2023 with global sales of 13,560 luxury cars. Around three-quarters of customers went beyond the 46 billion different configurations available from the standard options range to add bespoke content from Bentley’s Mulliner division, representing a 43 per cent rise over 2022, an indication of the desire for … [Read more...]
EU criticized over EV strategy
Europe's law makers are ignoring carbon-neutral fuels in the rush towards zero emissions and putting too much importance on pure evs, according to the components industry. The European Commission, the Council of the European Union and the European Parliament have reached an agreement on the CO2 emission standards for heavy-duty vehicles today. While the … [Read more...]
Newslines 22 January
If those who drive the furthest ditched fossil fuels, the UK could save all of the oil – 13.6 million tonnes – expected to be extracted from the North Sea by the 2040s, according to analysis by the New Automotive group. The 25% group also accounts for more than half of all miles driven and more than half of costs spent on motoring, a report by transport … [Read more...]
Weekend roadtest: Skoda Octavia Estate SE L TDI
Diesel cars are a dying range but I must say long live the Skoda Octavia Estate turbo-diesel. It’s going to become a model we will look back upon and ponder; wonder why such a thoroughly good all rounder has to be replaced by much more expensive, less practical and, frankly, less satisfying electric rivals. It’s one of the oldest model names in the Skoda … [Read more...]
Subaru Crosstrek now on sale
The Subaru Crosstrek has been released in the UK, replacing outgoing XV model. It has a 10 percent stiffer chassis for improved dynamic performance and ride quality, all-Wheel Drive system with X-MODE® and 220mm class-leading ground clearance. Inside there's an 11.6-inch multimedia touchscreen with wireless Android Auto & Apple CarPlay with eyesig … [Read more...]
Insurance premiums escalating to average £950
Motorists are facing a substantial 52% increase in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium stands at £950 at the end of December 2023 after rising by £326 over the previous 12 months. The significant rise in the cost of car insurance may in part be due to a rise in the cost of claims … [Read more...]
Next Government must invest in hydrogen fuel
The new government that the UK is likely to see in 2024 should be pressured by fleets to deliver a more effective hydrogen van strategy, says FleetCheck. Peter Golding, managing director at the fleet software specialist, said there was huge potential for hydrogen as a factor in future fleet zero emissions strategies for light commercial vehicles, and much … [Read more...]
Welsh dealers sweep up KIA retail awards
Welsh dealers with the Kia franchise cleaned up in the brand's retail awards for 2023. For the third consecutive year, Gravells Kia Bridgend was awarded the prestigious ‘Dealer of the Year’ title and Jonathan Gravell (below left) received the trophy from Paul Philpott, President and CEO of Kia UK Limited in the dealer convention in Liverpool. An … [Read more...]
Newslines 16 January
Toyota and Lexus anticipate building over 3 million vehicles and Japan and more than 7 million in offshore plants in 2024. The rise has been forecast as component supplies ease and hybrid sales are rising. Hyundai Motor UK has appointed smart home charging business Ohme as its official home charging partner. Ohme's dynamic smart chargers can connect … [Read more...]
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