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...]
Newslines 30 June
On line and later on-site car dealer Cazoo collapsed with over £250M of debt just over 12 months ago and owed money to about 10,000 creditors, according to data at Companies House, Cardiff. The business was sold for £5M last year after filings showed it had been under financed and overstretched itself and was hit by the Covid-crisi and a change in market … [Read more...]
Act on advisories before it’s too late says RAC
One-in-six drivers (17%) who didn’t act on advisory notices following an MOT in the last 12 months – an estimated 6m people – went on to experience a vehicle breakdown or were involved in a collision as a result, according to new RAC research. Of the 1,460 drivers who have had their vehicle recently MOT’d, 44% said the test resulted in one or more advisory … [Read more...]
Sinclair Group expand reach of JLR in South Wales
Sinclair Group, Wales’ largest motor retailer, is further expanding and strengthening its association with Jaguar Land Rover with the acquisition of two more sites. The Group has extended its reach across all of South Wales after completing the purchase of the Stratstone Jaguar Land Rover businesses in Cardiff and Newport from Lithia UK. The deal increases … [Read more...]
Price war looming, says FleetCheck
A round of dramatic price cuts by Chinese manufacturers in their domestic market last weekend has raised the possibility of a similar strategy being adopted in the UK, says FleetCheck. The Financial Times is reporting that BYD has “fired a new salvo in a prolonged price war” by reducing prices of 20 different models by up to 34% with other manufacturers … [Read more...]
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