Almost three quarters of motorists (73%) say their finances have been stretched by the impact of the war in Iran, according to new research. July’s Startline Used Car Tracker shows a third (33%) think it will be at least six months before their situation recovers, a quarter (25%) more than 12 months, and 10% over two years. Consequences such as rising pump … [Read more...]
Value retention improving for some EVs
Chinese EVs are holding their value well against comparable mainstream models, suggesting consumer trust and confidence in newer brands is continuing to grow. New research by car leasing and contract hire specialist, LeaseCar, analysed a selection of popular Chinese EVs alongside similar mainstream models and found that across the vehicles analysed, Chinese … [Read more...]
Interest and values of used EVs are rising
Used electric cars are at a tipping point where both consumer interest and values are increasing rapidly, delegates heard at the Annual General Meeting of the Vehicle Remarketing Association. Fraser Brown, director at specialist used electric vehicle (EV) dealer Browns of Richmond and motor retail consultancy Motorvise, said the market had grown by 32% in … [Read more...]
Skywell collapse is warning to fleets
The collapse of Skywell’s UK importer this week is further evidence of the risk to fleets of acquiring cars and vans from new entrants, says FleetCheck. Peter Golding, CEO at the fleet software company, said it was very difficult for vehicle operators to assess which manufacturers would maintain a presence in the longer term. “The risk can arise at … [Read more...]
Loyalty takes a back seat to price, say dealers
Almost three quarters of dealers think used car buyers are now less brand loyal, suggests new research. June’s Startline Used Car Tracker shows 52% believe price and value are becoming more important and 32% that cars from new entrants often appear a better buy. Also, 28% say models from some established manufacturers have just become too expensive, 12% … [Read more...]
Silence is golden and saves you money, say Vertu
You've checked the mileage, scanned the bodywork, and flicked through the service history, the car looks right on paper, but according to the technicians who inspect these cars every day, that's where most buyers stop – and exactly where problems could hide. A survey of 55 dealership technicians, master technicians, and aftersales managers across Vertu’s UK … [Read more...]
Avoid these EVs with low resale value
New research has revealed the most common electric vehicles that have historically depreciated the fastest in the UK. The research carried out by GAP insurance provider, ALA Insurance, found the Nissan Leaf, Renault Zoe, BMW i13, Jaguar I-PACE, Audi e-tron and the Mercedes-Benz EQC lose their value the quickest after being driven off the … [Read more...]
DVLA fraud sees three jailed
A dishonest DVLA employee altered vehicle documents in collaboration with two corrupt car dealers to inflate values and get more money for them. Dodgy dealers Joshua Sawyer and Ashley Harris paid the DVLA’s Matthew Holloway £23,000 to change the records of high-end vehicles that had been written-off or stolen as well as motor cycles and quadbikes. Holloway … [Read more...]
Used Tesla models dragging down EV prices
Eight out of 10 dealers (83%) say Tesla Model 3s dipping under £10,000 for the first time is a key moment in the used electric car sector, research shows. June’s Startline Used Car Tracker shows 38% say this price point is an important psychological barrier for those potentially buying their first electric car. Also, 31% say consumers view the Model 3 as a … [Read more...]
Newslines 5 June
A new railway bridge will be installed at Cathays railway station starting on 13 June. The ‘Access for All’ footbridge will provide better accessibility and help modernise the station to a safer transport hub while additional features of the infrastructure upgrade include step-free lift access for wheelchair users, improved walkways, and direct access to … [Read more...]
- 1
- 2
- 3
- …
- 67
- Next Page »
