The UK’s used car market increased 5.1% in the first quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders. Some 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021, when car showrooms nationwide were closed due to pandemic-related lockdowns with only click and collect transactions … [Read more...]
New car sales crumble, used-models in demand
New car sales are still crumbling under the weight of supply shortages, rising costs and concerned buyers facing higher costs of living. UK new car registrations fell by -15.8% to 119,167 units in April, according to the Society of Motor Manufacturers and Traders. Despite showrooms being open for the entire month, unlike the previous year which saw lockdown restrictions in place until 12 … [Read more...]
Millions of motorists consider axing breakdown cover
One-in-five Welsh drivers is considering cancelling their breakdown cover, says IAMRoadSmart. As the cost-of-living crisis deepens, millions of motorists are now considering cancelling their breakdown insurance in a bid to cut back on everyday outgoings. The Welsh findings mirror the national picture after research commissioned by the UK’s leading road safety charity, IAM RoadSmart, revealed 21 … [Read more...]
Reducing MoT tests is dangerous & false economy
The Independent Garage Association warned the Government that reducing the frequency of MOT tests to cut costs for households is a dangerous plan that would increase costs for motorists long-term. This follows headlines that Transport Secretary Grant Shapps suggested relaxing the frequency of MOTs to every two years, rather than one, to ease the cost of living crisis. Stuart James, IGA Chief … [Read more...]
Buyers now most likely to look at used models
Seven out of ten consumers (70%) say that used cars have become more appealing purchases than new in the last month, according to the very first monthly Startline Used Car Tracker. New car prices having risen (47% of consumers) is the number one factor mentioned behind this developing trend, followed by not being able to afford a new car (25%) and used cars offering better value than new … [Read more...]
Plan and save on van costs
Taking a proactive stance on van maintenance measures can save fleets valuable downtime, according to ATS Euromaster. The tyre service and maintenance provider says fleets are placing vehicles under critical stress as assets are virtually in constant use. Known as ‘double-shifting’, fleets are using one van for two driver shifts in order to meet the increasing demand for home delivery that has … [Read more...]
Buying & replacement cycles forever changed
Extensions forced on fleets by both the pandemic and much delayed order times for new vehicles have probably changed company car and van replacement cycles forever, reports FleetCheck. Peter Golding, managing director, said that fleets had realised that vehicles had the potential to be operated for markedly longer than had occurred in the past and had learnt a new skillset to enable this to be … [Read more...]
Classic car owners concerns over new ‘tampering law’
A recent survey shows 84 per cent of classic and specialist car owners are against the Department for Transport’s anti-tampering proposals that would outlaw tampering with a system, part or component of a vehicle intended or adapted to be used on the road. The poll by classic and enthusiast vehicle insurance specialist, Footman James, shows that 84 per cent of the 4,500 respondents are opposed to … [Read more...]
Cars now more appreciated than before pandemic
Disruption during the Covid crisis changed Britain's driving habits, but motorists emerged loving their cars even more, according to Auto Express. Two years on from Britain's first Covid lockdown, a third of all drivers appreciate their car more than ever, even though a majority drive less often for leisure and personal reasons today than before the pandemic. The research by … [Read more...]
EVs beyond reach for 1-in-5 motorists
Almost 20% of the UK cannot afford even the cheapest electric vehicle through finance. The study by car insurance experts CarInsurance.ae used ONS survey data to compare the average monthly income in each area with the estimated cost per month of financing a new electric car. The study based the figures on the 20/4/10 rule for financing a car, which recommends a 20% deposit, a four-year loan, … [Read more...]
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