Price pressures dampening EV appetite
A new report has warned that high prices could be dampening EV uptake with just seven new electric models available in the UK available for under £30,000. According to Electrifying.com, […]
cost of living
Fuel prices kept artificially high
Fuel prices fell by an average of 12p in August, the largest monthly drop on record, but are still a long way from reflecting the current wholesale fuel cots. According […]
LCV market nosedives in August
The UK light commercial vehicle (LCV) market fell by 24.6% to 15,520 units in August, meaning registrations have fallen every month of the year. According to the Society of Motor […]
Buyer demand dips by a fifth in August
Demand for new and used vehicles declined in August against the same month last year, according to data from lead management experts at iTrackLEADS.
Fraud figures down
A crackdown on fraud is paying off with the Association of British Insurers reporting that both the number and cost of dishonest claims has reduced in the last year. However, […]
EV running costs ease inflationary pressures
As the cost of living increases, new data has found that electric vehicles can cost around a quarter of the price to run as petrol and diesel cars. According to […]
Used car market on the skids
The UK’s used car market shrank by 18.8% during the second quarter of 2022, with 1,759,684 transactions taking place. The Society of Motor Manufacturers and Traders (SMMT) reported that 407,820 […]
VWFS reveals record finance levels
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 […]
Car finance market contracts further
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 […]
Supermarkets keeping fuel prices ‘artificially high’
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 […]
Motor claims inflation set to keep rising
UK motor claims inflation is set to continue rising, according to analysts at J.P. Morgan. They say this is because of continued supply chain issues coupled with wider inflationary pressures. […]
Ben service to ease money worries
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 […]
