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Demand increases for Ben support
- 03/08/2023
- Posted by: Alan Feldberg
- Category: News
Demand for support from Ben has risen sharply in the second quarter of 2023. It reported a 23% year-on-year increase in enquiries and a 20% increase in support cases, with people not only struggling to make ends meet, but also with their mental health. As the cost-of-living crisis continues to grip the UK, Ben [...] -
CMA calls for swift action to address fuel prices
- 10/07/2023
- Posted by: Alan Feldberg
- Category: News
Fuel retailers can expect to come under greater scrutiny after a new report from the Competition and Markets Authority (CMA) called for a new ‘fuel monitor’ oversight body to ensure greater transparency in competition. The report identified a reduction in competition since 2019 and said there needed to be [...] -
Car insurance costs getting harder to manage
- 21/06/2023
- Posted by: Alan Feldberg
- Category: News
A new report has highlighted how drivers are struggling to afford motor insurance in the face of the cost-of-living crisis. According to Forbes Advisor, four in five (83%) British adults have taken out car insurance in the last 12 months, with more than half (55%) saying it is excessively expensive. This sentiment [...] -
Drivers seek home-help to cut repair costs
- 16/06/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
Almost 80% of motorists have turned to family member for automotive advice in the past 12 months in order to save money, with 22% of these doing so on at least two occasions, and almost 15% doing so three times. With the UK aftermarket industry worth £50bn, motorists are looking closer to home to try and slim down [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...] -
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 [...]