As the weather takes a turn for the worse, many motorists may consider buying a 4x4 for the winter months. hpi say that recent models to launch that have seen low to zero depreciation and they are Seat Ateca, Skoda Kodiak and Ford Kuga. hpi recently launched a vehicle valuations service to give consumers the ability to buy and sell … [Read more...]
The true cost of buying your next car is explained
A new car loses approximately 20 per cent of its value when it’s driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each year, so it pays to have an understanding of deprecation when you’re buying a car. However, the numerous makes, models and colours will all hold and lose their value differently, so a bit of … [Read more...]
Beware of “bargains” as sales slow and prices drop
Holidays are over and forecourts are full of pre-owned cars which have been traded in to get the latest “67” plate. For lots of us, now is the time we think about trading up to a newer model, says Tim Shallcross, IAM RoadSmart head of technical policy. However, today’s high-tech cars can be concealing wallet-crunching problems unknown on previous … [Read more...]
Dealers to review safety in auctions
A new, safety sub-committee is to be formed by the Vehicle Remarketing Association to look at safety issues in the remarketing sector, with a special emphasis on auctions. The move has been prompted by an increase in interest in the subject among VRA members, especially following recent deaths at auctions in the US. Sam Watkins, deputy chair at the … [Read more...]
Clocking cars increases under PCP limits
The number of cars on UK roads showing mileage discrepancies is costing motorists over £800 million every year according to hpi, one of the UK’s leading authorities on vehicle checking services. The automotive data experts say the number of cars affected has also risen to one in 16. The figure has worsened from one in 20 cars less than three years … [Read more...]
Ignorance is hit and miss
A study by The Motor Ombudsman, the automotive dispute resolution provider, has found 54% of respondents had very limited or no knowledge at all when choosing which garage to buy their first car from. Similarly, 53% didn’t know where to get their vehicle serviced when they first started driving. The handy one-stop point of reference, which can now be … [Read more...]
Newslines 25 August
Witter towbars of Deeside is making 90 people redundant. UNITE said it was talking to the company, which hopes to keep 60 other workers on its books but is considering manufacturing abroad. Vauxhall has taken 20,000 used models under its scrappage scheme relaunched in May after spells over the last two years. Unlike other schemes, the Vauxhall … [Read more...]
Classics keep up hopes of fun and investment
With new and used car sales stalling, buyers could turn to some classics to enjoy their motoring and possibly make money. From the highest priced luxury marques to mass market family saloons, most new cars lose part of their value the minute they’re driven off the dealer forecourt and continue to depreciate as they get older. But there are some … [Read more...]
Used car market slows, bargains to be found
The brakes are going on used car sales after a dip in new car sales. UK used car transactions declined in the second quarter of 2017, according to the Society of Motor Manufacturers and Traders. It recorded 1,832,400 used cars changed hands in the period, a fall of -13.5%, on the back of a record 2016 and turbulence in the new car market following … [Read more...]
The colour of money revealed
Ford Fiesta may have been the most popular car for the masses last year, but research by click4reg.co.uk has revealed the most popular brands, models and colours in the luxury car market in the UK in 2016. Luxury car registrations, for brands like Porsche, BMW and Jaguar, were up 29% compared to 2014. This is reflective of the global market as a … [Read more...]
