New data from Wagonex revealed that younger drivers are most likely to acquire a car on subscription. Drivers aged 26-35 are six times more likely to get a car on subscription than those aged 56-65, and eleven times more likely than those aged 65+. With the latest sector statistics revealing that the UK’s car subscription market is the biggest in Europe in terms of revenue, the experts at … [Read more...]
Tradelines 12 June
Residual values of used cars with manual transmission are in decline, with some models worth as much as 21% less than their automatic equivalents and fewer manual cars for sale in 2024 than ever before, reports Car Dealer magazine. Among the manufacturers that no longer offer any new models with manual transmission are Volvo, Mercedes, Jaguar and Lexus, all of which have seen a massive growth in … [Read more...]
Welsh engineers help create new Ineos Grenadier Commercial
INEOS Automotive has launched the Grenadier Commercial in the UK, a customised version of the 4X4 that qualifies owners to reclaim VAT and receive lower benefit in kind tax rates. Replacing the existing two-seat Utility Wagon in the model line-up, the new Grenadier Commercial features a full-length flat floor with a robust floor-to-roof cargo barrier behind the two front seats, and can carry a … [Read more...]
Polo overtakes Fiesta as Wales most popular used model
Research has revealed the most desirable second-hand cars, with the Ford Fiesta topping the ranking. However, searches for the Fiesta in Wales are actually down with Welsh drivers instead searching for the Volkswagen Polo - with searches for this model having increased by 38% over the last three months. The data, carried out by the experts at Uswitch Car Insurance, analysed factors such as … [Read more...]
The best 4×4 by scrap
Land Rover is the most valuable brand for scrap overall, with the average price quoted for these vehicles sitting at 28.8% higher than the average. The quoted price is directly linked to the weight of the vehicle and with all Land Rover vehicles being large SUVs and 4×4 vehicles, they’re definitely one of the weightier brands when all models in their range are considered. The data is part of … [Read more...]
EV sales are trickling ahead of last year
Five of the largest EV manufacturers in UK market increased their sales last month compared to 12 months ago, according to the latest data from New AutoMotive’s Electric Car Count. The monthly report is the most up-to-date and comprehensive electric vehicle sales data in the UK, and reveals that 15 out of 20 manufacturers are selling more EVs than they did a year ago. Despite Toyota’s CEO … [Read more...]
Best and worst cars to buy and own
When buying a new car, it’s always worth thinking about the potential resale value and how much it will depreciate over time. Some cars can prove to be very worthy investments, with their value increasing over time, while others may drop quickly in value as soon as they leave the forecourt. Elements such as age, condition, mileage and number of owners are all influencing factors, and there are … [Read more...]
Barbie’s cars in the pink for insurance
Barbie-mania is officially sweeping the world as the long-anticipated movie finally hits cinema screens today. The marketing machine for the film has been in motion for some time, and the first full trailer in May also gave us our first glimpse of Barbie’s car. In the movie, Barbie will be behind the wheel of a vintage convertible C1 Chevrolet Corvette but she’s been known to drive various … [Read more...]
Ferrari still strongest car brand by reputation
Tesla accelerated to the front of the pack, taking pole position as the world’s most valuable automotive brand, with its value surging by 44% to USD66.2 billion, according to a new report from leading brand valuation consultancy, Brand Finance, but Ferrari remains the strongest brand. This makes it the world’s most valuable Automobiles brand for the first time, and the first time that a … [Read more...]
One-in-six new cars sold now electric
In March, electric cars accounted for 16.21% of all new car registrations in the UK, as the exponential growth in EV uptake seen in recent years begins to stabilise. While demand for electric vehicles is still high, it is likely that slower rates of growth will continue until the ZEV Mandate is implemented in 2024, and supply is able to consistently match consumer demand. Ben Nelmes, Chief … [Read more...]
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