A new report from Go.Compare Car Insurance revealed that the cost of getting a young driver on the road has risen to £6,574 – the highest since 2019, representing a shift backwards to pre-pandemic costs. Costs for young drivers – those aged between 17- 21 - and their families dipped to £6,394 in 2021 and £6,071 in 2020, a sharp fall from £6,846 in 2019. The research shows that, in the … [Read more...]
Newslines 18 March
Automobili Lamborghini concluded the financial year 2021 with the best results ever in terms of sales, turnover and profitability, confirming a solid and winning strategy. The Italian supercar maker saw sales rise 13%, turnover went up 19% and profits improved 20.2%, said Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini. The average annual cost of running a typical car has … [Read more...]
Newslines 13 August
Proposals for a new business park adjacent to Cardiff Airport on Model Farm, Rhoose approved by Vale of Glamorgan Council have been criticised by local residents. Vale Communities Unite say the project advanced by insurers Legal and General will increase traffic on local roads and goes against Welsh Government announcements to combat climate change after it has just put up for sale the nearby St … [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 North West spend the most on their first … [Read more...]
Car ownership lifetime cost is over £206,000
Owning a car will set the average motorist back more than £206,625 during their lifetime on the road. A study of 2,000 drivers revealed just how much they can expect to spend on repairs, petrol and parking, as well as insurance and car tax. It revealed car maintenance sets the average owner back £439 per year as they fork out for essential upkeep and repairs – adding up to £27,716 over a … [Read more...]