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, […]
Cost of living
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 […]
Fuel prices unfairly high – RAC
The RAC believes that less than 10% of UK forecourts are charging a fair price for petrol and diesel. According to analysis of Experian Catalist data by the RAC Fuel […]
Demand still strong for used cars
The average price of a used car increased 23.7% on a year-on-year (YoY) and like-for-like basis in June, according to the Auto Trader Retail Price Index. Although it’s the 27th month […]
Vehicle supply impacting car finance market
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in May 2022 by four per cent compared with the same […]
Fuel prices continue rising
Fuel prices have reached a new record high this week, although there are hopes costs on the forecourt will begin to taper off. RAC fuel spokesman Simon Williams said: “Just […]
