Motorists over 50 are facing substantial increases in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium for a driver aged between 45 and 54 is £551 in September 2023 – a £195 (55%) increase for the same month in 2022. The typical premiums for drivers aged between 55-79 have also risen by 54% … [Read more...]
Premiums catching up with repair costs
The recent surge of 21% in annual car insurance premiums does not come as a shock, said the National Body Repair Association. Wayne Mason-Drust (below) NBRA board member, explained this development, “For almost a decade, the cost of repairing a car following an accident has increased far below inflation. "Car insurers have tightly controlled repair costs … [Read more...]
Fleet costs expected to rise, says expert
Van fleet operators expect major cost increases in every area of fleet operations, according to new findings from Arval Mobility Observatory. During the next 12 months, 79% believe there will be rises in service and maintenance, 71% in insurance premiums, 69% in vehicle lease rates, 67% in EV charging, 63% in tyres, and 61% in petrol and diesel … [Read more...]
Car makers concerns over recycling laws
The EU has unveiled its End-of-life vehicles Regulation to boost vehicle circularity while pushing ambitious recycled content targets. ACEA is concerned that the proposal could duplicate or complicate existing rules and industry best practices on sustainable design. Law makers must instead ensure a coherent regulatory environment that enables manufacturers … [Read more...]
Sustainable fuels moving up green agenda
Sustainable renewable fuels must be included in future EU mobility legislation, say car makers and components industry. Nearly 40 businesses across Europe have signed a joint letter to the EU calling on it to not be blinded by electric vehicle lights on future uses. The signatories of this joint letter represent a crucial part of the automotive, fuel, … [Read more...]
