Classic cars are under threat from towns and cities imposing varying "clean air" zones. FIVA, the Fédération Internationale des Véhicules Anciens or international federation of historic vehicles, is lobbying the European Parliament to recognise the threat to our cultural heritage. “While FIVA fully supports the move to a greener and more sustainable … [Read more...]
You can take Lewis Hamilton’s place for over $5,000,000
Lewis Hamilton’s inaugural GP winning McLaren will be auctioned at this year’s British GP. Formula 1 together with RM Sotheby’s have announced the 2010 McLaren Mercedes MP4-25A Formula 1 Race Car which began his unequalled championship career in Turkey, has an estimate: $5,000,000 - $7,000,000 value and will be sold on the Saturday afternoon of the race … [Read more...]
IM Group lifeline for Mitsubishi owners & dealers
Mitsubishi owners and dealers in the UK have been given a parts and warranty lifeline by Midlands-based International Motors. International Motors Ltd is in advanced discussions to take over the Mitsubishi Motors UK after-sales business in the autumn, pending the completion of a successful due diligence process which is currently well underway after … [Read more...]
Supply not demand the issue with van sales
Following a series of exceedingly strong months of used sales performance, April recorded a drop in the number of LCVs sold, said Rupert Pontin, Director of Insights at Cazana. It is of interest to note that the volume of new retail listings during the month has also dropped by -11.9% which suggests that the problem here is not demand but a lack of supply … [Read more...]
More buyers looking for new cars after lockdowns
Some 2.7 million more drivers are planning to opt for a new car this year than previous years, according to Close Brothers Motor Finance’s upcoming Britain Under the Bonnet Report. For 45% of drivers, a new car is the preferred option – significantly up from 38% last year. The lockdown has fuelled fresh demand for a private vehicle and working … [Read more...]
Tradelines 12 May
Car leasing comparison website Moneyshake’s latest research highlights a significant shift in consumer behaviour with 82% of customers stating that they would now be happy for their new car journey to be completely online, reducing the importance of the traditional test drive. The emergence of online car marketplaces, car finance comparison websites and the … [Read more...]
Used car sales dented by disease controls
The UK’s used car market declined -8.9% in the first quarter of 2021 according to the Society of Motor Manufacturers and Traders. With 1,687,755 transactions, the overall decline saw large falls in January and February of -27.1% and -19.4%, as lockdowns depressed demand and again closed showrooms. March saw the market show signs of recovery with a … [Read more...]
Cash still king among older buyers of cars
Nearly three-quarters (74%) of car owners over 55 bought their car outright without using finance, compared to half (54%) of 34 – 54 years and a third (33%) of under 34s, according to a survey of over 2,000 UK drivers. On average, three-fifths (62%) of cars were bought outright via cash or debit card, 8% using personal contract purchase (PCP), 7% were … [Read more...]
Toyota Yaris tops for reliability, German marques low
THE Toyota Yaris is the most reliable of the UK’s best-selling cars. From nippy city runarounds to larger family motors, British drivers have always had their favourites when it comes to getting from A to B with as little fuss as possible. Now warranty specialists MotorEasy have run the numbers on the top 10 models to see which of them really delivers … [Read more...]
Buyers looking for more used evs, says AA Cars
Interest in used electric vehicles rose by almost 20% in 2020, despite the pandemic and the closure of car dealerships during lockdown periods, new analysis by AA Cars, the AA’s used car website, has revealed. Searches for EVs on the AA Cars platform have been growing steadily year after year, increasing 47 times (4,623%) since 2015. Interest in … [Read more...]
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