The cost of living crisis is forcing families to sell their cars, according to October’s Startline Used Car Tracker. Almost one in four (23%) say they already or are going to reduce the number of cars in their family while 61% say that tightening personal finances have changed their attitudes to car ownership for the worse. Paul Burgess, CEO at Startline … [Read more...]
Suzuki SX4 is a best buy
The average value of a used car has rocketed in just two years according to Auto Trader, the UK’s largest automotive marketplace. When compared to pre-pandemic June 2019, a used car has seen a typical increase in value of a whopping £4,100. That’s the findings from Auto Trader’s monthly Retail Price Index, which is based on daily pricing analysis of circa … [Read more...]
Newslines 8 August
The RAC wants the Government to do a u-turn on ending the plug -in car grant. The incentive was ended this spring to encourage motorists to choose pure evs but after a disastrous summer of new car sales RAC EV spokesperson Simon Williams said, “ With high fuel prices and the overall cost of living continuing to bite, drivers are increasingly looking to … [Read more...]
Newslines 9 June
Welsh Government has grounded the £2.9M a year daily flights between Cardiff and Anglesey, which had stopped over the last two years due to Covid-19. It said air pollution and passenger numbers did not make a case for the service with more home working and now funds will be given to develop better broadband provision in North Wales and invest in rail and … [Read more...]
EV and used car sales are soaring
The UK’s used car market increased 5.1% in the first quarter of 2022, according to the latest figures by the Society of Motor Manufacturers and Traders. Some 1,774,351 transactions took place, with 86,596 additional cars changing hands compared with the same period in 2021, when car showrooms nationwide were closed due to pandemic-related lockdowns with … [Read more...]
New car sales crumble, used-models in demand
New car sales are still crumbling under the weight of supply shortages, rising costs and concerned buyers facing higher costs of living. UK new car registrations fell by -15.8% to 119,167 units in April, according to the Society of Motor Manufacturers and Traders. Despite showrooms being open for the entire month, unlike the previous year which saw … [Read more...]
Buyers now most likely to look at used models
Seven out of ten consumers (70%) say that used cars have become more appealing purchases than new in the last month, according to the very first monthly Startline Used Car Tracker. New car prices having risen (47% of consumers) is the number one factor mentioned behind this developing trend, followed by not being able to afford a new car (25%) and used cars … [Read more...]
Buying & replacement cycles forever changed
Extensions forced on fleets by both the pandemic and much delayed order times for new vehicles have probably changed company car and van replacement cycles forever, reports FleetCheck. Peter Golding, managing director, said that fleets had realised that vehicles had the potential to be operated for markedly longer than had occurred in the past and had … [Read more...]
EV cars are splitting society, claims used expert
Electric vehicles are a luxury that almost half of society can’t afford, according to claims from used car buying service, Choose My Car. The high cost of purchase, installing expensive charging points, and rising energy costs are just some of the reasons that lower-income drivers are being priced out of the EV market, said Founder … [Read more...]
Bigger spenders returned to forecourts last year
Figures from the Finance & Leasing Association show that the consumer car finance market reported new business volumes up in December 2021 by 2% compared with the same month in 2020. In 2021 as a whole, new business volumes grew by 9% compared with 2020 to almost 2.1 million cars financed, but remained 14% lower than in 2019. The consumer new car … [Read more...]
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