The era of cheap electricity to charge a new low emissions car is disappearing while their sales are rising in the latest production figures from the Society of Motor Manufacturers and Traders. The average price of charging an electric car on a pay-as-you go, non-subscription basis at a publicly accessible rapid charger in Great Britain has increased by 21% … [Read more...]
Tradelines 25 May
Just one in four fleets (26%) say that they have been affected by the global semiconductor shortage that has caused a marked reduction in worldwide vehicle production. Findings from the Arval Mobility Observatory’s 2022 Barometer show that 16% report having been impacted when acquiring petrol, diesel and electric vehicles (EVs); 5% on EVs only; and 5% on … [Read more...]
Newslines 6 May
Automotive finance provider, JBR Capital, has launched into 2022 with a record-setting four-month period – the most successful since the company was founded in 2015. Based in London, JBR Capital has lent over £80 million from 1 January to 30 April 30, enabling an ever-growing number of clients to fund their passion for high-end vehicles. The new 536bhp … [Read more...]
Chancellor’s cut is not deep enough
Research by used car buying service ChooseMyCar.com has revealed over 90 per cent of drivers believe the Chancellor’s reduction on fuel duty has had zero impact on their fuel bill. Spiralling fuel costs led Chancellor Rishi Sunak to cut the fuel duty by 5p a litre in a move that was widely welcomed. However, the new study suggests that it doesn’t go far … [Read more...]
Newslines 15 March
The average price of petrol appears to be on a collision course with £1.65 a litre having reached a new record of 163.46 p on Sunday, up by 2.5p from Thursday. Diesel hit another record high on Saturday at 173.67p, up 3.5p from two days earlier, said RAC fuel spokesman Simon Williams, who added that drivers should soon get some respite from pump prices … [Read more...]
No justification for fuel pump rises, says RAC
The RAC is urging retailers to hold firm and not hike pump prices, despite a barrel of oil nearing $100 – a price last seen in September 2014, nearly seven and a half years ago. The cost of oil has increased by more than 60% in the last 12 months, from around $60 last February, due to global oil production continuing to be out of kilter with demand which is … [Read more...]
Petrol and diesel price cut must come this week
Retailers must cut the price of petrol and diesel this week or risk losing all credibility with drivers, warn the RAC. RAC Fuel Watch data shows the price of oil fell by $10 a barrel to $73.18 last Friday on top of already lower wholesale prices meaning petrol is now around 12p a litre too expensive while diesel is 10p too high. Unleaded is currently … [Read more...]
Fuel in Wales is some of UK’s dearest
Financially challenged Welsh families are forking out more of their weekly income for fuel than Londoners. The North East has the most expensive fuel in the entire UK, new research can reveal and they spend a bigger percentage of their weekly wage on fuel than any other region in the UK, as petrol prices hit their highest level on record. Motorists in … [Read more...]
Expensive half-term for motorists
It’s going to be an expensive half-term break for families this week. Brian Madderson, Chairman of the Petrol Retailers Association, warned that the record pump prices of 142ppl for petrol and 148ppl for diesel set in April 2012 are almost certain to be eclipsed before the end of October. Experian Catalist UK averages for 19 October were 141.35ppl and … [Read more...]
Newslines 28 September
Rolls-Royce Motor Cars will tomorrow unveil its detailed plans for a pure electric model before the end of this decade. The company has already said what priorities it will use to launch the model when it is right for their customers and the recharging infrastructure exists to support the car, after showing a concept several months ago. Welsh … [Read more...]
