The RAC is giving drivers the chance to protect themselves against unexpected repair bills by launching a new online-only warranty product. The 12-month warranty has a £2,000 total claim limit which covers the cost of labour and parts needed to fix mechanical or electrical failures at a cost of £300 and it works through approved RAC workshops and the … [Read more...]
2023 was the year of the rat for motorists
Everyone knows a car breakdown can mean a nasty repair bill, but new data from the RAC reveals that it’s not always a head gasket or a catastrophic engine failure that can cost you hundreds of pounds. Strangely, it can sometimes be very small creatures that cause very big problems. The RAC has seen record numbers of mice, rats and foxes ‘surprising’ … [Read more...]
£11.2 billion tied up in unused cars
UK drivers could be sitting on a staggering £11.2 billion tied up in unused cars, a new study estimates. That’s the equivalent of a festive turkey feast for almost 439 million households or 17 million fully funded Christmases. There are now over three million cars with a SORN (Statutory Off Road Notification) declaration in the UK with a potential average … [Read more...]
Gaps in EV sector need plugging for businesses
Fleets are starting to enter a “tougher” period of electrification in 2024, the Association of Fleet Professionals is reporting. Paul Hollick, chair, said that a number of factors were combining to potentially slow the rate at which electric vehicles were being adopted by businesses and that fleet managers needed new strategies to maintain momentum. “When … [Read more...]
Insurance costs hitting used cars’ stock
More than three out of four (77%) dealers say that rapidly rising insurance costs mean that some cars have become difficult to sell. Startline’s December Used Car Tracker also reports that half (50%) think that some cars have become effectively uninsurable, so are probably unsellable. The research also reports that 23% think that it has become well-known … [Read more...]
Young drivers skipping safety costs, says the RAC
Inflation and the cost-of-living crisis are worryingly causing young drivers not to maintain their cars properly, risking their safety and that of other road users, says the RAC, and its particularly bad in Wales. A quarter of young drivers aged 17-24 (26%) say they have put off necessary repairs to their cars to save money while nearly three-in-10 (28%) … [Read more...]
Newslines 27 November
Genesis will continue to sell a full range of models through its own-brand dealer network despite an operational merger with parent company Hyundai beginning in January. Genesis Motor UK will no longer exist as a standalone company from January 2024, as first reported by Car Dealer magazine, its operations being rolled fully into … [Read more...]
Ex-fleet sales will dramatically boost ev take up
If leasing companies electrify their fleets earlier, 18 million more households in the EU will have access to cheaper EVs and save on their car spending. At current rates of electrification, 33 million households in the EU will have access to second hand electric cars from today until 2035. But if the leasing sector accelerates its uptake of EVs, this … [Read more...]
Tradelines 22 November
The rate at which used car prices are dropping has taken the market by surprise, admits a motoring industry expert. Phil Nothard, insight director at Cox Automotive – the owners of Manheim Auctions – told the Car Dealer Podcast that significant price falls in the used car market have caused ‘waves across the sector’ and explained that the market had ‘slowed … [Read more...]
Delayed EV deadline boosts petrol and diesel sales, says Startline survey
Almost one in six motorists (14%) say that the government’s move to push back the end of petrol and diesel car sales to 2035 means it is less likely their next vehicle will be electric. However, 82% of motorists in Startline’s November Used Car Tracker also say that the decision will have no effect on their choice, although 6% admit to feeling “less sure” … [Read more...]
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