Almost all dealers (97%) surveyed in June’s Startline Used Car Tracker say that more support is needed from motor finance providers for electric vehicle (EV) funding. In the research, 52% say their lenders are less keen to finance EVs, 45% charge higher finance rates and 21% want higher deposits. Also, 14% say their lenders won’t finance EVs at … [Read more...]
Hudson & Nova are top car names – for babies
Henry Ford famously named one of his models after son Edsel, but the bootie can be on the other foot, researchers have found working for Scrap Car Comparison. Naming a new baby is never an easy task - from wondering if they’ll suit their chosen name, to making sure that the first name works with their surname - parents are likely to have many questions and … [Read more...]
12v batteries are not up to charging demands
Twelve-volt battery technology needs to improve, says the Association of Fleet Professionals, as “bricking” issues continue to affect adoption of electric vans. Paul Hollick, APF chair, said that despite widespread publicity, many fleets were still being left in a position where their vans become unuseable and had to be trailored to a dealership to be … [Read more...]
Women more likely to give up a car, says Carwow
Over one in ten (11%) Brits have sold their car due to financial necessity, according to Carwow, the online car-changing marketplace. Of these, 58% were female, and 42% were men, suggesting that women are more likely to give up their car due to financial pressures. Selling a car because of financial pressures is more common among those aged between 40 and … [Read more...]
Motorists failing basic checks face big bills
Owning a car comes with the responsibility of upkeep, but many drivers don’t know how to properly maintain their car. Uswitch car insurance recently conducted research to investigate what car maintenance checks drivers lack knowledge on the importance of, possibly neglecting essential upkeep. The survey also digs into where drivers seek advice on looking … [Read more...]
“Unsafe” vehicles being rented out
The number of daily rental vehicles with safety issues being offered to customers appears to be rising, says the Association of Fleet Professionals. The industry body says it is hearing reports from members being provided with hire cars and vans in unacceptable mechanical condition, with the situation appearing to be deteriorating, and it comes as vehicles … [Read more...]
Measuring degradation and demand for used EVs
Battery health checks and their impact on the used electric vehicle market will be the main discussion at the July member meeting of the Vehicle Remarketing Association. Being held at Cox Automotive in Bruntingthorpe, Leicestershire on Thursday 25 July, it will include contributions from battery health experts Aviloo, Altellium and Clearwatt, as well as the … [Read more...]
Newslines 18 June
Wales’ largest dealer groups, Days, saw its turnover rise but pre-tax profit fall last year. Companies House accounts for the year ended December 31, 2023, show the new and used cars business with 18,000 strong rental fleet, and one of the Car Dealer Top 100, reported an 11% increase in turnover from £257.774m to £285.195m but its profit before tax sank … [Read more...]
Soft-tyres hitting drivers’ hard in costs
A study by The Motor Ombudsman, the Ombudsman for the automotive sector, has revealed that drivers using their cars with tyres that are inflated below vehicle manufacturer recommended levels, is costing the nation’s motorists at least £112 million annually in wasted rubber. As well as presenting many hidden dangers, and increasing fuel consumption, running … [Read more...]
New vans shortage spurs second-hand sales
Four out of 10 fleets plan to start utilising second hand vans in the next three years, according to new figures. The research also shows that 16% of operators are already using preowned light commercial vehicles. The findings are taken from the 2024 Arval Mobility Observatory Fleet & Mobility Barometer, which questioned 8,605 businesses in 30 … [Read more...]
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