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Demand still strong for used cars
- 12/07/2022
- Posted by: Alan Feldberg
- Category: News
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 of consecutive price growth, it marks a further softening in the rate of growth, easing from the 28.4% increase recorded in May, [...] -
Vehicle supply impacting car finance market
- 07/07/2022
- 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 May 2022 by four per cent compared with the same month in 2021. The corresponding value of new business grew by six per cent over the same period. In the five months to May 2022, new [...] -
Fuel prices continue rising
- 24/06/2022
- Posted by: Alan Feldberg
- Category: News
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 as more people took to their cars on the first day of the rail strikes the average price of petrol increased to 189.33p, taking a full tank [...] -
Rising prices means falling ownership
- 17/06/2022
- Posted by: Alan Feldberg
- Category: News
The cost of living crisis is having a negative impact on car ownership. According to MotoNovo Finance's latest Customer Insight research, the fall in car ownership reported by the SMMT comes as little surprise, with economic and social factors along with associated environmental issues driving an evolution in [...] -
Fuel prices driving EV uptake
- 15/06/2022
- Posted by: Alan Feldberg
- Category: News
An online Opinion Matters poll commissioned by The Motor Ombudsman has found than 48% of UK car owners are considering a switch to electric a fuel prices continue to rise. The cost of filling up an average family car with a 55-litre fuel tank recently hit £100 for the first time, a figure never seen before in this [...] -
Fuel prices need ‘urgent review’
- 13/06/2022
- Posted by: Alan Feldberg
- Category: News
The RAC and the AA have backed calls from government ministers for an urgent review of rising fuel prices. They want to establish if the cut in fuel duty is being passed on by retailers to drivers. This comes after petrol prices reached a record high on Sunday of 185p a litre, despite wholesale petrol prices [...] -
RAC warns of steepling fuel costs
- 07/06/2022
- Posted by: Alan Feldberg
- Category: News
The RAC has warned that fuel prices could top 180p per litre this week. It has reported that prices on the forecourt spiked by nearly 5p a litre during the Jubilee weekend, and those rises are set to continue this week. The average price of petrol reached 177.8p a litre by Sunday, while diesel prices jumped from [...] -
Car sales stutter amidst supply shortages
- 06/06/2022
- Posted by: Alan Feldberg
- Category: News
New UK car registrations fell 20.6% to 124,394 units in the second weakest May since 1992 as supply shortages continue to hamper new purchases and the fulfilment of existing orders. According to the latest figures from the Society of Motor Manufacturers and Traders, the decline demonstrates the impact of continued [...] -
Car clubs reducing UK car parc
- 18/05/2022
- Posted by: Alan Feldberg
- Category: News
The number of active car club members in the UK almost doubled last year according to a new report, which concluded that more than 116,000 privately-owned vehicles have been removed from roads. Research by the national shared transport charity Collaborative Mobility UK (CoMoUK) found the UK’s active membership [...] -
Growth slows for car finance market
- 16/05/2022
- Posted by: Alan Feldberg
- Category: News
The Finance & Leasing Association (FLA) has reported that the consumer car finance market saw new business volumes up in March 2022 by two per cent compared with the same month in 2021. The corresponding value of new business grew by eight per cent over the same period. In the first quarter as a whole, new [...]