Demand for small used electric vehicles is soaring with some models rising in value. Experts at automotive data company cap hpi say some owners could buy an electric car, run it for 12 months and make a profit on it when sold. A combination of factors including the rollout of clean air zones, cheaper running costs, increased charging points, … [Read more...]
Welsh drivers spent almost £4,000 on first cars
New drivers in Wales are forking out just over £3,900 for their first car. In the North West and London they splash out more than £5,000 on their first wheels. The average amount of money spent on buying a new driver’s first car is now £4,276, an increase of 42% on the 2017 figure of £3,005. According to GoCompare Car Insurance new drivers in the … [Read more...]
Picture perfect health check repairs
Supermarket CarShop is taking an innovative approach to vehicle servicing by offering customers a free, interactive vehicle health check. CarShop’s new Vehicle Health Check Tool allows customers to see the checks that are being done on their car and provides visual insight into the repairs that are being suggested. Once a customer brings their vehicle in … [Read more...]
Tradelines 20 March
More than half of van drivers admitted to making calls behind the wheel without using a hands-free device, according to Volkswagen Commercial Vehicles. Van drivers spend an average of 35 minutes on the phone each day in their vehicles, making an average of seven calls a day and one in 10 spend two hours on the phone while driving. Mercedes-Benz is … [Read more...]
New car buyers are sensible, sometimes
Britons buying new cars are a sensible bunch, according to a new Opinium survey of 2,000 drivers. Most diligently research cars before picking one; however, it also found plenty of people swayed by emotional factors from how good a car looks to whether it had that new car ‘look and feel’. Overall, an impressive 81.2%, of the Welsh drivers surveyed, … [Read more...]
Dealers confidence is cooling, says survey
Confidence amongst dealers continues to remain high at the start of 2019. The vast majority (93%) saying they were confident about business prospects for the coming 12 months, according to the latest findings from Close Brothers Motor Finance’s Dealer Satisfaction Survey. However, the results also showed a shift in the proportion of dealers who said … [Read more...]
Tradelines 13 March
More than a quarter (27%) of motorists will be considering changing their car, despite current economic uncertainty, says Sainsbury’s Bank. It's study found car buyers are planning to spend an average of £11,280 in 2019 and the top three reasons for investing in a new car include having a more environmentally-friendly vehicle (39%), being cheaper to run … [Read more...]
Ups and downs of Geneva’s star cars
London-based JBR Capital, specialists in high-end vehicle finance, has named the top 10 cars that have appreciated in value or held their worth after launching at the Geneva Motor Show over the last decade. The Lamborghini Veneno (above), unveiled at the show in 2013, tops the charts as this ultra-limited edition has appreciated in value by 180 … [Read more...]
Technology’s ticking time-bomb in trade
A new technology time-bomb is ticking in the used car trade. Rapidly changing vehicle technology means that the remarketing sector is going to have to undergo an unprecedented period of upskilling over the next decade, says the Vehicle Remarketing Association. The organisation – which represent companies that handle, sell, inspect, transport or manage … [Read more...]
Government changes are pushing automotive change
With 2018 consigned to the history books it is important to remember that the industry learnt some interesting lessons during the course of the year. With new car registrations down by 6.8%, almost exactly in line with Cazana’s predictions, and used car sales down by 2.1% it is no surprise that for some the full year results were not as expected and the … [Read more...]
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