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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 [...] -
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 [...] -
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 [...] -
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 [...] -
Fall in fuel prices not sharp enough
- 10/01/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
Fuel prices fell 9p a litre in December, but the RAC believes the decreases do not reflect much lower wholesale prices. Its Fuel Watch data found that petrol prices fell by 8.4p last month while diesel came down by 9.4p. However, with wholesale prices down considerably since mid-October, the RAC believes petrol [...] -
Dealerships endure December dip
- 04/01/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that enquiries to car dealerships fell by more than 10% in December compared to the same month in 2021. According to data from iTrackLEADS, enquiries fell by 10.3% in December, while test drives declined by seven per cent and sales of new and used vehicles by 13%. Manufacturing delays and [...] -
Car finance market enjoys October uptick
- 15/12/2022
- Posted by: Alan Feldberg
- Category: News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2022 by 4% compared with the same month in 2021. The corresponding value of new business increased by 9% over the same period. In the 10 months to October 2022, new business [...] -
Insurers contribute £17.2bn in taxes to UK economy
- 15/12/2022
- Posted by: Alan Feldberg
- Category: News
The insurance and long-term savings industry has contributed a record £17.2bn to the UK economy in tax in 2021-22, according to the Association of British Insurers’ (ABI) latest Total Tax Contribution Survey. The annual survey found that the sector contributed 6.9% more in tax in 2021-22 than in 2019-20, marking [...] -
Ben delivers Christmas support to struggling families
- 13/12/2022
- Posted by: Alan Feldberg
- Category: News
Automotive charity Ben has launched a Christmas families project so no one has to choose between heating or eating this Christmas. Over the last 12 months, Ben supported 182 households who couldn’t afford to put food on the table or heat their homes and an additional 64 households who would have otherwise become [...] -
CMA investigating fuel retail market
- 09/12/2022
- Posted by: Alan Feldberg
- Category: News
A review by the Competition and Markets Authority (CMA) has found that fuel retailers raised prices quickly in line with higher wholesale costs but were slow to reduce them again when prices fell. Called ‘rocket and feathering’, this practice has been revealed as part of the CMA’s Road Fuel Market Study, [...]