Welsh drivers are keeping their cars for longer than the UK average. Scrappage figures just released show 928 vehicles were crushed in Wales, just 1.7% of the total last year. That’s comparable with the South West but East England recorded only 272 cars destroyed, or a marginal 0.5% of the total. One in three cars scrapped was in the North West around … [Read more...]
Budget needs to tackle help for car sector and buyers
Changes to VAT around compensation payments, strategic support for the UK motor industry, and the future of road charging are key subjects that should be tackled by the Chancellor in March’s Budget, says the Vehicle Remarketing Association. All three issues are likely to impact on the remarketing sector either in the short, medium or longer-term, believes … [Read more...]
Used-cars keys to future prospects
The relative strength of used car sales at the end of 2020 is a good omen for the prospects of a further bounceback once the current national lockdown is lifted, according to James Fairclough, boss of AA Cars. “The gradual ratcheting up of lockdowns and Covid restrictions during the final months of 2020 took their toll on the economy as a whole, and … [Read more...]
UK car sales hit 50 year low
Pressure is mounting for new car prices to be slashed after sales plunged to their lowest for 50 years in January. Buyers who cannot visit showrooms during lockdown and who are concerned about jobs and income have put the brakes on business and now manufactuers face fines if they cannot reduce their fleet average this autumn. More sales have moved on-line … [Read more...]
Learners and commuters boosting car sales
In what has been a turbulent time for the industry, car dealerships across the UK have been desperately trying to claw back car sales. To paint a statistical picture of the downfall, figures for new private car registrations dropped by 98.7% in April, the worst downturn in 70 years. Only 871 cars were registered, compared to 67,873 at the same time in … [Read more...]
Lockdown deals shaking out car sales
Drivers clambered to offload their small cars for cash during 2020 as the pandemic caused lockdowns across the UK. Sell My Car Direct, previously saw more than a quarter of the cars offered to the car buying service being made up of city cars and superminis (27%). Add hatchbacks and the percentage rises to 40% (2,400 of 5,964), as drivers flocked to sell … [Read more...]
Rare and rarer & ready to be picked up for peanuts
There are some of Britain’s true automotive gems. And we don’t mean the obvious one-offs and models that were launched so long ago there are only one or two left. Where’s the fun in that? CarleaseSpecialOffers said you might think Ferrari owners enjoy exclusivity, but you’d be wrong. Sort of. Even the Ferrari 812 Superfast – a 6.5-litre, 789bhp grand … [Read more...]
Brexit deal “unanswered questions” is concerning, says trade
The new, “thin” Brexit deal that is now in effect leaves many unanswered questions that could have serious implications for the UK motor industry, warns the Vehicle Remarketing Association. The trade organisation says that several key points surrounding the future of manufacturing and cross-border movement of vehicles remain vague or undefined. Sam Watkins … [Read more...]
When a car is not enough
The Ford Transit van entered the best-selling used car list for the first time in 2020, in a year in which online deliveries grew substantially, says AA Cars, the AA’s used car website. The Ford Transit was the ninth best-selling used vehicle of 2020, as a growing number of people who had lost work or been made redundant turned to delivery driving to … [Read more...]
Mini is becoming worth a mint
Some popular and inexpensive cars have joined exotic models in the highly collectable category which can be bought without fear of losing money. Hagerty Bull Market List is an annual compilation of classic and modern-classic cars which provide the owner with a pleasurable driving experience while being hedges to inflation. However, the list isn’t tailored … [Read more...]
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