Overall, the used car market is in a strong position heading towards the tail end of the year, said Paul Hill National Association of Motor Auctions spokesman. Whilst the lack of new car registrations in the past two and a half years has stemmed the supply of used cars for forecourts, values reaching record heights has balanced this out. "NAMA Members are … [Read more...]
Car sales slipping as autumn nips in
The number of dealers feeling negative about the used car market has almost quadrupled in a month, according to this month’s Startline Used Car Tracker. In November’s survey, 49% say they are pessimistic in outlook compared to 13% in October. Conversely, the percentage who are optimistic has fallen from from 23% to 8%. Dealers whose view of the market is … [Read more...]
After the hard winter, more chilling news to come
A massive hike in fuel duties is on the cards next spring after a particularly tough winter of rising costs, said the RAC. RAC head of roads policy Nicholas Lyes said, “As things stand, drivers will face an enormous hike in the cost of fuel next Spring due to fuel duty going up. “The Office of Budget Responsibility expects to see 12p added to a litre of … [Read more...]
Welsh drivers trying to save money
More than a third of young drivers putting off car repairs in attempt to save money. Drivers of older vehicles, as well as those living in cities, also much more likely to delay repairs. More than a third of drivers aged 17 to 24 (37%) are putting off necessary repairs to their vehicles in an attempt to cut their outgoings as the cost-of-living crisis … [Read more...]
Car owners DIY repairs growing
More and more car owners are by-passing garage workshops for vehicle repairs and are fixing it themselves in a response to the cost-of-living crisis, according to parts supplier experts Online Automotive. The aftermarket experts, who are celebrating a 17th year anniversary in the trade, are experiencing an unprecedented spike in demand from motorists, who … [Read more...]
Used parts cut costs and boost green targets
The head of one of Europe’s biggest insurers wants repaired and refurbished used parts replacing new equipment on electric vehicles as part of a wide ranging reform of ‘green’ working practices. Sustainable car insurance was the focus of the 10th Allianz Motor Day, an international event hosted by Allianz centred on electric mobility as a key lever for … [Read more...]
Welsh family car dealership’ profits soar
West Wales family garage group Gravell’s saw its profits rise to almost £5m in 2021, accounts have shown. Documents in Companies House show its turnover rose by almost £20m to reach an impressive £96.3m compared to £76.5m in the previous year. Some £85.8m came from vehicle sales with parts and service sales adding £6.6m while a further £3.9m came … [Read more...]
Drivers may delay EV purchases for five years
As many as 14% of drivers – more than ever before – say their next car will be electric, but the proportion of those expecting to be in an EV in the next five years has reduced in the last year, shows new RAC research with more than 3,000 drivers. While figures for the RAC Report on Motoring 2022 indicate the number of drivers planning to change their … [Read more...]
Protection for parts supply until 2029
The Competition and Markets Authority has recommended that the existing retained Motor Vehicle Block Exemption is replaced with an updated UK-specific Motor Vehicle Block Exemption Order to stay in place until 2029. “We are pleased that the CMA understands there are issues with the existing MVBER which need to be addressed for a new UK MVBEO, including … [Read more...]
Testing times for industry and writers
The Society of Motor Manufacturers and Traders recently held its annual regional Test Days in the north and south of the country which are always much-liked and useful events on the calendar of many motoring scribes. An annual event that provides new cars galore on offer for motoring writers to road test in the same locality on the same day, always seems a … [Read more...]
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