Despite a further 12p (12.31p) coming off the price of the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs, new RAC Fuel Watch analysis shows. The average price of a litre of unleaded is now under 170p (169.8p) for the first time … [Read more...]
Borrowing to keep driving
As the cost of fuel increases, it is becoming tough for many drivers to stay on the road, said Alex Hasty, director at comparethemarket.com. “Our research shows high petrol and diesel prices are now forcing drivers to make fewer journeys, and some are needing to cut back on seeing friends and family. “More than eight in ten drivers are worried about the … [Read more...]
Fuel duty rise would be kick in the teeth for logistics
Logistics UK, the business group representing more than 18,000 members charged with keeping the UK stocked with all that it needs, is urging the government to maintain the freeze on fuel duty, ahead of today's Budget. As David Wells, the organisation’s chief executive explains, any duty rise would have a severe impact on the industry’s ability to meet the … [Read more...]
Dealers hold keys to starting shift to evs
The role franchised dealers play in the shift to electric vehicles was the main theme discussed by Stephen Latham, Head of Operations at the National Franchised Dealers Association (NFDA), at the Renewable Energy Association’s EV Experience conference. Latham analysed current consumer attitudes towards electric cars and the challenges they face. He … [Read more...]
Falling car sales hit trade and Government revenues
An estimated £2.6 billion loss of revenue has resulted from the 5.7% fall in new car sales last year given by figures from the Society of Motor Manufacturers & Traders, according to AA Cars. AA Cars explored the key reasons underpinning this decline in new car sales and surveyed almost 20,000 drivers. It found that 31% of motorists blamed this … [Read more...]
