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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 [...] -
Appetite increases for used cars
- 28/04/2022
- Posted by: Alan Feldberg
- Category: News
Seven out of ten consumers (70%) say that used cars have become more appealing purchases than new in the last month. This is according to the very first monthly Startline Used Car Tracker. The high cost of new car prices is the number one factor mentioned behind this developing trend (47% of consumers), followed by [...] -
March sees record fuel prices
- 11/04/2022
- Posted by: Alan Feldberg
- Category: News
Pump prices rose more in March than in any previous month on record, according to the RAC Fuel Watch. This is despite the 5p fuel duty cut announced in the Spring Statement. The average cost of a litre of unleaded petrol went up by a huge 11.62p to end the month at 163.28p per litre – the largest ever increase [...] -
Fuel duty cut in Spring Statement
- 23/03/2022
- Posted by: Alan Feldberg
- Category: News
The government has announced a 5p per litre cut in fuel duty. Speaking in his Spring Statement, Chancellor Rishi Sunak said the cut was being introduced to mitigate the rising cost of living. Describing it as, “the biggest cut to all fuel duty rates ever,” he said the cut would imposed from 6pm this evening [...] -
Drivers urged to tread carefully
- 22/03/2022
- Posted by: Alan Feldberg
- Category: News
The rising cost of living could see motorists rejecting new tyres in favour of cheaper, part-worn tyres described by safety experts as ‘death traps’. Research conducted by the UK’s leading independent road safety charity, IAM RoadSmart, has revealed that nearly 40% of the 1,000 drivers surveyed said they [...]