Fuel prices remained almost unchanged in November despite a barrel of oil shooting up $10 to $46 – a 27% monthly rise, shows data from RAC Fuel Watch.
The average price of a litre of unleaded across the UK at the end of November was 114.33p – having fallen very slightly (0.19p) from 114.52p at the start of the month, while diesel dropped by a similar amount from 117.85p to 117.63p (0.22p).
Electric cars are nearly £90 cheaper to insure than the average for petrol and diesel cars, according to comparethemarket.com.
The average premium for electric cars over the past year stands at £629, compared to the average premium for petrol and diesel cars which is £718.
Automotive charity Ben has received pledges worth around £0.5m following its recent rallying cry asking industry leaders for their urgent support, following a 50% increase in service demand against a £1m income shortfall.
So far, a number of companies across the industry including TrustFord, Arnold Clark, Auto Trader, Motorvise, Marshall Motor Group, CDK, MC Group Ltd, Hills Ford and Chorley Motor Group have answered Ben’s rallying cry and pledged their support.
Car dealers and manufactuers are looking at relocating out of urban centres and into the suburbs.
Participants in a Automotive News Europe on line event expressed concerns at falling visitors in towns and cities and they believed this was a future trend which had to be met by more businesses opening on the outskirts where it was easier to reach and there was more room.