Second-hand battery and electric cars are being sought by drivers, says the Society of Motor Manufacturers and Traders in their latest report on the used car market. The UK’s used car market increased by 4.4% in Q3 after two consecutive quarters of decline, according to the latest figures published today by the SMMT. During the busiest quarter since the end of 2016, some 2,168,599 transactions … [Read more...]
Buyers back in the driving seats
Car buyers are flocking back to showrooms and forecourts, said the National Franchised Dealers Association. Through the findings, NFDA aims to assess the implications of the COVID-19 lockdown on the automotive retail sector and understand how the industry is now recovering. Their survey asked dealers questions about their return to work including the percentage of dealerships that reopened, … [Read more...]
Tips for buying a used car this September
We’ve seen a lot of changes over the past few months and one that stands out is the increase in motorists opting for a used car rather than fork out on an expensive newer model. With the Government continuing to discourage commuters using public transport as a result of the Coronavirus, car repair and service comparison site www.Autoadvisor.co.uk looked at how more people are purchasing – and … [Read more...]
Classics become contemporary as sales boom
Owning, restoring and driving a classic car is a common dream, but it requires significant investment at every stage – in both time and money. Such desirable, high-value vehicles are inevitably also a common target for professional thieves meeting demand for vintage cars and their parts in the UK and across Europe. Stolen vehicle recovery (SVR) expert, Tracker, is sharing tips to help first-time … [Read more...]
Newslines 14 August
The new Kia Sorento range has been revealed for UK. It gets Hybrid power for the first time with a self-charging 226bhp 1.6 petrol hybrid and 199bhp 2.2 diesel opening the sales to be followed by a petrol plug-in hybrid later this year and prices start at £38,845 for the three trim levels, 2, 3 and 4. The face-lifted Kia Stinger has also appeared in Korea. The fastback sports saloon changes … [Read more...]
Behind the Wheel: Driving towards a cliff
Tens of thousands of more jobs are likely to disappear from the UK automotive sector before the end of the year, writes Robin Roberts. Some 11,349 jobs so far axed following lockdown will grow and despite this week’s 11% rise in new car registrations the outlook is bleak. That’s because the first upturn in showroom sales came at the end of three months when all showrooms were in … [Read more...]
Tradelines 5 August
The car market turned upside down in July, said Sean Kemple, MD of Close Brothers Motor Finance. The bounce back from near-zero sales in April to a 11% uplift in July reflects the momentous release in pent-up demand because there is usually a summer slump, but 2020 has been anything but normal. Right now it’s the used car market where the real growth is taking place, reports Alex Buttle, … [Read more...]
Depreciation gets back seat in buying thoughts
Over a quarter or 28% of UK drivers do not consider depreciation when they are buying a car, despite having a full understanding of it. One in five think that all cars depreciate at the same rate (men 16% and women 23%). Younger drivers under 35s (34%) are also twice as likely to think that all cars depreciate at the same rate as over 55s (14%). Depreciation is the difference between what you … [Read more...]
Newslines 2 July
The legendary AC Cobra has been reborn, with two engines. The famous 60s two-seater sports car can be bought for £138,000 with a 230kw electric motor and 150 miles range or a 350bhp 2.3 litre four-cylinder petrol engine for £85,000 when they go on sale towards the end of this year by the 119 year-old British company. Used car prices are rising due to a stock shortage and strong demand. The … [Read more...]
Motorists treating themselves after lockdown eases
The UK used car market woke up during May with motorists treating themselves to sports and luxury cars as they came out of the 10-week pandemic lockdown period according to the latest Market Watch insights report from Indicata.uk. Consumers seem intent on having some motoring fun with money saved from cancelled holidays and reduced family running costs being invested in a used luxury or sports … [Read more...]
