As used car sales surge, the gap between demand for used and new vehicles gets ever starker, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. Consumers shifting to cheaper cars due to the economic uncertainty caused by Brexit and the global slowdown is certainly a factor. But, so too is the challenge in supplying customers the … [Read more...]
Newslines 13 May
Easter’s good weather was bad news for the motor trade. Used dealers told Cazana that garden and other leisure pursuits took precedence over car purchases. Cardigan and Crymych are among the cheapest UK places to refuel with diesel, and Cwmbran is in the top ten for petrol. Petrolprices.com surveyed Britain to find the best places to top-up after … [Read more...]
EVs to consider
With the increasing popularity of electric vehicles, automotive data experts cap hpi has compiled a select list of vehicles worthy of driver consideration. Senior valuations editor Chris Plumb has identified five EVs that not only perform well but also represent excellent value for money, making them a hot prospect for motorists looking to buy and … [Read more...]
Rising use of on-line motor disputes service
The Motor Ombudsman has recorded in excess of 12,000 searches and 25,000 article views on its Knowledge Base during the first quarter of this year. The online tool was launched in January as part of the body’s focus to make it quicker and simpler for motorists to resolve queries and complaints when buying and running a car, prior to formally raising a … [Read more...]
PCP users paying for poor repairs
PCP users are facing unexpected bills for sub-standard repair work to contracted cars, says the Vehicle Remarketing Association. The organisation, which represents companies that between them handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that more and more cars are being presented for sale online and at … [Read more...]
JLR researching new generation from scrap to showroom
Jaguar Land Rover is developing the next phase of its aluminium closed loop strategy with an innovative recycling initiative to transform the vehicles of today into the cars of tomorrow. The REALITY project aims to recover aluminium from existing Jaguar and Land Rover vehicles and reform it into a new high-grade aluminium to create new … [Read more...]
Good tyres are essential in summer as well as winter
Misconceptions surrounding part-worn tyres are potentially putting British drivers in danger, according to an analysis by AA Cars, the AA’s used car website. One in five (19%) drivers have bought used tyres in the past and while 10% would never buy part-worns again, a further one in eight (13%) plan to do so in the future. Myths are undoubtedly … [Read more...]
More owners turning to used models instead of new
Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion … [Read more...]
EV values are on a charge
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...]
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