The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding vehicles is via a … [Read more...]
Premiums rising again after coasting
The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as … [Read more...]
EV anxieties overblown and benefits overlooked – NFU
Research by electric vehicle insurer NFU Mutual suggests that concerns about electric vehicle range and charging are overblown when compared to the reality of owning an EV, and that non-EV owners are overlooking some key benefits of the technology. NFU Mutual, which offers insurance tailored to plug-in and hybrid EV owners, recently conducted a UK-wide … [Read more...]
New car sales slowing quicker than expected
The brakes have gone on hard for sales in Britain's car showrooms. UK new car registrations fell -24.3% in June, according to the latest figures released today by the Society of Motor Manufacturers and Traders with 140,958 new vehicles registered, the weakest June performance in 26 years. Volkswagen emerged top last month with 8.27% of share, Vauxhall … [Read more...]
Newslines 24 June
Ferrari has overhauled its new and used car programme, service and maintenance. Warranty is good for seven years and it’s been backdated for many models sold since 2015 while buyers can choose to extend it to 15 years on major components and that is transferable to new owners while a new approved used programme is on-line. Ford says it wants to build its … [Read more...]
Consumer Credit Act Changes proposed
NFDA welcomes Government’s commitment to modernise consumer credit laws, which will make motor finance more accessible for consumers, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. Last week, the Government announced its commitment to reform the 1974 Consumer Credit Act, which includes car finance regulations for hire … [Read more...]
ATS ramp up EV skills training & service
The ATS Euromaster network of tyre and maintenance centres has been upskilled to ensure technicians can work on both hybrid and electric vehicles safely. Technicians have been trained in line with industry standards, set by IMI, as part of a phased roll out by the tyre service and maintenance provider. This ensures it can meet the challenge of working on … [Read more...]
Newslines 21 June
Cardiff has 34 rapid and ultra-rapid vehicle charge points and is 17th in the UK top twenty cities. Zap-Map has compiled a list of the cities where you are most likely to get going very quickly and no other Welsh city or town is included while Nottingham is top with 122 rapid chargers. Nissan has teamed up with the energy company E.ON to offer generous … [Read more...]
Newslines 17 June
Parents in the UK are spending over £2,400 every year, or £46.15 a week, driving their children to different activities such as parties and hobbies, according to Zuto Finance. The daily school run accounts for the highest percentage of expense and fifth are taking their children over 150 miles a month. South Wales based Veezu, the UK’s fastest growing taxi … [Read more...]
Dismay at end of PHEV grant as fuel prices soar again
The government is today ending the plug-in car grant allowance for new orders after successfully kickstarting the UK’s electric car revolution and supporting the sale of nearly half a million electric cars. The announcement was greeted with dismay and concern by car makers, the motor dealers and charging network suppliers. It could also boost demand for … [Read more...]
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