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LCV market nosedives in August
- 06/09/2022
- Posted by: Alan Feldberg
- Category: News
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 Manufacturers and Traders, global supply chain challenges have acted as a handbrake on registrations, while growing economic headwinds [...] -
Buyer demand dips by a fifth in August
- 05/09/2022
- Posted by: Alan Feldberg
- Category: News
Demand for new and used vehicles declined in August against the same month last year, according to data from lead management experts at iTrackLEADS. Overall enquiries fell 21%, the second largest fall this year. While the number of leads responded to fell by 20%, dealers worked effectively to see only a 12% fall [...] -
Fraud figures down
- 30/08/2022
- Posted by: Alan Feldberg
- Category: News
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, the average detected fraud still stood at a record £12,282. According to ABI figures, fraud claims fell by five per cent to 89,000 in [...] -
EV running costs ease inflationary pressures
- 18/08/2022
- Posted by: Alan Feldberg
- Category: News
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 Volkswagen Financial Services UK (VWFS), data from its online EV-4-Me quiz, designed for consumers to discover how an EV would fit into their lifestyle, [...] -
Used car market on the skids
- 10/08/2022
- Posted by: Alan Feldberg
- Category: News
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 fewer vehicles changed hands compared with the same period last year. Declines were recorded in each month, with [...] -
VWFS reveals record finance levels
- 08/08/2022
- 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 [...] -
Car finance market contracts further
- 05/08/2022
- 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 [...] -
Supermarkets keeping fuel prices ‘artificially high’
- 02/08/2022
- 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 [...] -
Motor claims inflation set to keep rising
- 28/07/2022
- Posted by: Alan Feldberg
- Category: News
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. It revealed that UK motor insurer Sabre said claims inflation had continued throughout the year, rising from eight per [...] -
Ben service to ease money worries
- 26/07/2022
- 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 [...]