• VWFS reveals record finance levels

    • 8 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    Volkswagen Financial Services UK (VWFS) has financed a record 100,000 used cars so far this year It activated more than 10,000 used finance cases in July alone and is now financing every other used car sold through its retailer network These figures mean that Volkswagen Financial Services UK has seen significant [...]
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  • Car finance market contracts further

    • 5 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    The consumer car finance market is continued to struggle through June with growing demand for used car finance failing to offset declines in demand for new car finance According to new figures released by the Finance & Leasing Association (FLA), new business volumes fell in June 2022 by 12% compared with the [...]
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  • Supermarkets keeping fuel prices ‘artificially high’

    • 2 August 2022
    • Posted by: Alan Feldberg
    • Category: News
    RAC data has found that although supermarkets are reducing the cost of petrol and diesel, the cuts have not happened fast enough and do not go far enough Despite wholesale prices falling, the major supermarkets have been accused of keeping the cost of fuel artificially high RAC fuel spokesman Simon Williams [...]
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  • Motor claims inflation set to keep rising

    • 28 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    UK motor claims inflation is set to continue rising, according to analysts at JP Morgan They say this is because of continued supply chain issues coupled with wider inflationary pressures It revealed that UK motor insurer Sabre said claims inflation had continued throughout the year, rising from eight per cent [...]
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  • Ben service to ease money worries

    • 26 July 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    With one in five people in the automotive sector struggling to keep up with inflation, industry charity Ben is offering free access to its Life Coaching service The service is designed to help individuals better plan and budget, while devising strategies to control their finances now and in the future Rachel [...]
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  • Fuel prices unfairly high – RAC

    • 25 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    The RAC believes that less than 10% of UK forecourts are charging a fair price for petrol and diesel According to analysis of Experian Catalist data by the RAC Fuel Watch, just 407 of more than 4,500 forecourts have priced fuel fairly, with the vast majority of those being independent garages The RAC believes [...]
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  • Demand still strong for used cars

    • 12 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    The average price of a used car increased 237% on a year-on-year (YoY) and like-for-like basis in June, according to the Auto Trader Retail Price Index Although it’s the 27th month of consecutive price growth, it marks a further softening in the rate of growth, easing from the 284% increase recorded in May, and [...]
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  • Vehicle supply impacting car finance market

    • 7 July 2022
    • Posted by: Alan Feldberg
    • Category: News
    New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in May 2022 by four per cent compared with the same month in 2021 The corresponding value of new business grew by six per cent over the same period In the five months to May 2022, new [...]
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  • Fuel prices continue rising

    • 24 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    Fuel prices have reached a new record high this week, although there are hopes costs on the forecourt will begin to taper off RAC fuel spokesman Simon Williams said: “Just as more people took to their cars on the first day of the rail strikes the average price of petrol increased to 18933p, taking a full tank [...]
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  • Rising prices means falling ownership

    • 17 June 2022
    • Posted by: Alan Feldberg
    • Category: News
    The cost of living crisis is having a negative impact on car ownership According to MotoNovo Finance's latest Customer Insight research, the fall in car ownership reported by the SMMT comes as little surprise, with economic and social factors along with associated environmental issues driving an evolution in [...]
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