Almost three quarters of motorists (73%) say their finances have been stretched by the impact of the war in Iran, according to new research. July’s Startline Used Car Tracker shows a third (33%) think it will be at least six months before their situation recovers, a quarter (25%) more than 12 months, and 10% over two years. Consequences such as rising pump … [Read more...]
Private parking tickets soaring, says RAC
The RAC expects the number of private parking tickets issued to drivers in the year to the end of March will hit a new record of 17m when government figures are published next month. So far, car park management companies have sent out more than 13m parking charging notices in just three months, an average of 4.3m tickets a quarter. This would mean the … [Read more...]
Anxiety over car repairs is diminishing
The percentage of motorists who would be “anxious and financially stressed” by an expensive, unexpected car repair bill is falling, shows research carried out for the RAC Dealer Network. Those who would feel this way about having to spend £1,000 at a garage to keep their car on the road is now 33% compared to 46% when the same question was asked in 2023 and … [Read more...]
Motorists mull over running costs in 2026
Three out of four motorists (75%) are worried the cost of running their car will rise in 2026. December’s Startline Used Car Tracker shows that 52% are concerned about the costs of insurance, 48% of petrol and diesel, 48% of buying a car and 37% of servicing. Other factors mentioned include repair bills (35%), charging an electric car (24%), motor finance … [Read more...]
New drivers hit by 31% premium hike
Ahead of the summer driving season, new data from MoneySuperMarket reveals that the price of car insurance for new drivers has surged by 31% since 2021. In 2025, the average annual premiums for a driver with a newly acquired license (under two years) come in at £1,640, compared to £1,131 in 2021. MoneySuperMarket’s latest report reveals that the average … [Read more...]
Premiums jump 46% year to date for drivers
The cost of car insurance has increased by 46% year on year, according to new Premium Drivers research from Compare the Market, and young drivers are seeing the biggest jump. The typical premium stands at £892 in February 2024, after rising by £279 over the previous 12 months. The substantial increase in the cost of car insurance may in part be due to a … [Read more...]
Insurance premiums escalating to average £950
Motorists are facing a substantial 52% increase in the cost of car insurance, according to new Premium Drivers research from Compare the Market. The typical premium stands at £950 at the end of December 2023 after rising by £326 over the previous 12 months. The significant rise in the cost of car insurance may in part be due to a rise in the cost of claims … [Read more...]
Think & save on car insurance
The cost of car insurance went up by 19% from 2022 to 2023. As a consequence, many Brits are likely to be concerned about the cost of renewing their car insurance this year. To help navigate car insurance renewals, Confused.com car insurance experts have provided their top tips on renewing your car insurance: Set yourself a reminder - Unless … [Read more...]
Tradelines 19 April
The all-electric British designed MG Cyberster sports car will come to UK in 2024, but may be sold outside the usual dealer network. MG has previously said it believes having a showroom network has been behind its success in recent years, but the first sports model in over a decade may be see another sales avenue created. A swathe of car dealer … [Read more...]
Spiralling costs denting garages, dealerships and filling stations
A Motor Ombudsman poll of independent garages and franchise dealer workshops has revealed that rising operational costs, taxes and energy bills are set to be the biggest operational challenge for 90% of businesses in 2023. This is a marked increase on the 64% of respondents who stated in the same study that paying more for utilities and higher costs had … [Read more...]
