The majority of fleets have ignored new models and choose to run second-hand cars and vans to save money and benefit from the improved reliability of nearly new models. More than half of UK fleets (52%) are operating second hand cars and vans, and a further 27% believe they will do so in the next three years, according to new research. The 2025 Arval … [Read more...]
Used cars more likely to be first choice
Used car buyer sentiment is at a 12-month high, according to new research. The new Startline Used Car Tracker shows a net 57% are positive about the idea of buying a used car this month – the highest figure since 53% in August 2024. Paul Burgess, CEO at Startline Motor Finance, said, “This is good news. While the used car market has been relatively buoyant … [Read more...]
Sales of soft-tops are shrinking
Open-top driving is increasingly becoming a rarity for U.K. drivers as the number of new convertible model options has dropped by nearly 50% since 2000 — a 20-year low after peaking in 2005. Results from the latest annual Convertibles Report by CarGurus reveal that consumers only have the choice of 16 new convertible model options from the U.K.’s top 30 … [Read more...]
Car finance ruling is confusing, say fleets
Uncertainty remains after Supreme Court ruling on car finance, said Paul Hollick, chair at the Association of Fleet Professionals. “We’ve gone from a situation on Friday where the Supreme Court verdicts suggested the worst risks for the motor finance sector had been removed, to one on Monday morning where the FCA’s intervention has reintroduced the … [Read more...]
Lifestyle leaves no time for car maintenance, says Uswitch
Busy lifestyles are forcing many UK drivers to overlook routine car maintenance, reveals new research from temporary car insurance experts Uswitch. Between juggling work, family, and everyday demands, drivers are delaying services and putting off repairs, often prioritising time over money when it comes to looking after their vehicles. In the past 12 … [Read more...]
EV incentive will hurt used car buyers & sellers
Government support for the used electric car sector is now “essential” following the introduction of new car grants, says the Vehicle Remarketing Association. Bringing down the price of electric cars in the new market only underlined the need for corresponding action in the used sector, said chair Philip Nothard. “The key point here is to recognise that … [Read more...]
PHEVs are stepping stones to full EVs, say dealers
Nearly seven out of 10 dealers (68%) say PHEVs are becoming a stepping stone to an electric vehicle (EV) for car buyers worried about going fully electric. Startline’s July Used Car Tracker shows, as a result, 60% expect values for PHEVs to rise and 48% expect demand to similarly increase. However, many expect this trend to be transitory, with only 37% … [Read more...]
23-million car owners in line for mis-sold finance
More than 23 million people expect to be win compensation for mis-sold car finance a new survey has found as Brits await a pivotal Supreme Court ruling that could release tens of billions in potential payouts. A new poll by law firm Slater & Gordon found that 45% of people believe they could be entitled to a payout over a car finance agreement taken out … [Read more...]
How to save yourself £3,000 on your car this summer
The average price of a car in the UK is now £27,425 which in comparison to the median annual salary in the UK £31,602 is nearly an entire year's worth of pay. That’s why it’s more important than ever to look after your car to ensure you don’t have any added costs to an already expensive thing. Experts at car cleaning retailer, 1dot, have shared their … [Read more...]
Buyers beware of used car “bargains”, say Vertu
Thousands of drivers are looking to the used car market for their next vehicle in a bid to save money. This huge demand is reflected in new search data, which shows that searches for ‘used car dealer near me’ have surged by a massive 235% in just three months. But while finding a local dealer is the first step, walking onto the forecourt … [Read more...]
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