Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion … [Read more...]
Driving choices are changing
More than 15 million Brits are planning to take measures to be more environmentally conscious in the year ahead with a shift in driving habits expected as the most popular move, according to an analysis by AA Cars. Around half of Brits are expected to take steps to be more eco-friendly in 2019, with many making changes to how they own and run cars; one in … [Read more...]
Trade prices rising on shortages
Trade prices for good quality used cars have reached a level where it is almost impossible for many dealers to make a profit on the windscreen price and they are instead relying on returns from their F&I department, says the Vehicle Remarketing Association. The organisation says that demand in the used sector for almost all kinds of stock is at levels … [Read more...]
WLTP explained
You may know that a new vehicle emissions test procedure was launched in 2017. The World Harmonised Light Vehicle Test Procedure, or WLTP as it’s more commonly known, is a new test that will give motorists a better idea of the fuel consumption and range of new cars, both internal combustion and electric. The previous lab test, the New European Driving … [Read more...]
Welsh car sales soar in spring
Ford filled the top three places in Wales’ best selling cars in April as the region dramatically out-performed the rest of the country. Fiesta, Kuga and Focus accounted for 760 registrations and comfortably beat the next, VW Golf. The Vauxhall Mokka X just outsold the Ford EcoSport and they led over the Dacia Sandero. The Vauxhall Viva was ahead of the … [Read more...]
Britons are sensible when it comes to buying cars
Britons buying new cars this March are a sensible bunch. That’s the conclusion of pollsters for a new Opinium survey, who said the buyers mostly diligently research cars before picking one. But the survey also found plenty of people swayed by emotional factors including hearts overruling heads, wanting cars as status symbols, and a car’s colour … [Read more...]
Car makers and EU agree new type approval system
The European Automobile Manufacturers’ Association has welcomed the fact that the European Parliament, EU member states and the European Commission reached a final agreement on a reformed system for approving vehicles before they are placed on the EU market - ‘type approval’. Under this agreement, member states will have to carry out checks on vehicles … [Read more...]
Brits borrowed more for new cars in 2016
The Finance & Leasing Association says new business in the point of sale consumer car finance market grew 12% by value and 8% by volume in 2016. New business was up 3% by value and down 3% by volume in December, compared with the same month in 2015. The POS consumer new car finance market reported new business up 1% by value and 8% lower by volume … [Read more...]
Wales leads as car sales pass historic record
New cars are pouring onto UK roads at a faster rate than ever, led by Wales. SMMT figures show 184,101 new cars were registered in the UK this November, with the market increasing by a steady 2.9%. The growth has helped deliver more than 2.5 million new cars on to British roads so far this year – the first time the milestone has been reached in … [Read more...]
Newslines 30 September
The Cardiff Half Marathon will see city centre roads progressively closed over the next few days until Monday to allow for set up and dismantling of facilities. On street parking will also be reduced and motorists are advised to allow more time for journeys and use park and ride facilities where possible. The price of car insurance has been named by … [Read more...]
