• Drivers intimidated by used car confusion
    • 25/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has found that motorists do not understand how much buying a used car will really cost them, making the process intimidating, complex, and stressful. The report by digital bank Zopa highlights that over half of UK drivers (52%) will be in the market for a used car when it comes to buying their next [...]
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  • Car finance critical in cost-of-living crisis
    • 10/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    The automotive finance market has grown significantly over the last decade, with 60% having bought their cars on finance in 2022. That’s according to JATO Dynamics’ latest consumer research, ‘Driving Decisions with Data: Global Automotive Consumer Finance Insights.’ A number of factors are prompting the [...]
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  • Drivers cut mileage to cut fuel costs
    • 24/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has revealed that of the 20 million drivers who regularly use their car for journeys of between one to two miles, some 6.9 million (34%) want to switch to other travel methods. When asked about their travel over journeys of less than 1.5 miles, almost one in seven car owners (13%) said they want to [...]
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  • EV interest plummets amidst rising costs
    • 20/04/2023
    • Posted by: Alan Feldberg
    • Category: News
    The government has been urged do more to encourage EV adoption as buyer interest has plummeted in the face of higher vehicle and energy prices coupled with the cost-of living crisis. Auto Trader’s Road to 2030 Report says the government must step in with a detailed programme of tax incentives to support the mass [...]
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  • Cost of living bites as car finance dips
    • 05/04/2023
    • 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 February 2023 by five per cent compared with the same month in 2022. The corresponding value of new business also fell by five per cent over the same period. In the first two months of [...]
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  • Drivers cut back on miles to cut costs
    • 09/03/2023
    • Posted by: Alan Feldberg
    • Category: News
    Nearly two thirds of UK motorists are reducing their vehicle usage to cut fuel bills. According to new research by BookMyGarage, 64% of UK motorists are driver less often than before as a result of the cost-of-living crisis. The research also found that nearly half (49%) of the 2,113 motorists surveyed are [...]
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  • New car buyers driven in droves to used market
    • 10/02/2023
    • Posted by: Alan Feldberg
    • Category: News
    New research has found that the cost-of-living crisis is having a significant impact on new car buyers, with many switching to the used vehicle market or not replacing their existing car at all. The research by What Car? also found that many drivers have also started carrying out basic servicing and maintenance [...]
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  • Energy crisis impacting EV sales
    • 25/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    The ongoing energy and cost-of-living crisis is impacting buyers’ decision to consider an electric vehicle as their next car. This is according to a year’s research carried out by What Car?, which analysed more than 40,000 responses. It found that interest in new EVs was high between March and late July, but [...]
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  • Auto Trader reports healthy January demand
    • 24/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    Retail prices and consumer demand have been healthy in the first few weeks of 2023. According to the latest data from the Auto Trader Price Index, the current average price of a used car is £18,268, which is the highest value the Index has recorded since its launch in January 2011. It marks a 2.8% year-on-year [...]
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  • NBRA to host aftermarket-focused webinars
    • 18/01/2023
    • Posted by: Alan Feldberg
    • Category: News
    The NBRA will host a series of six 45-minute webinars to highlight both the changes the industry has gone through over the last three years and the urgent need for a united industry-wide response to these changes. Produced in partnership with Cognoscenti, the six webinars are exclusive for NBRA members and will be [...]
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