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Car insurance costs getting harder to manage
- 21/06/2023
- Posted by: Alan Feldberg
- Category: News
A new report has highlighted how drivers are struggling to afford motor insurance in the face of the cost-of-living crisis. According to Forbes Advisor, four in five (83%) British adults have taken out car insurance in the last 12 months, with more than half (55%) saying it is excessively expensive. This sentiment [...] -
Drivers seek home-help to cut repair costs
- 16/06/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
Almost 80% of motorists have turned to family member for automotive advice in the past 12 months in order to save money, with 22% of these doing so on at least two occasions, and almost 15% doing so three times. With the UK aftermarket industry worth £50bn, motorists are looking closer to home to try and slim down [...] -
Motor insurance up 16%
- 12/05/2023
- Posted by: Alan Feldberg
- Category: News
The ABI’s latest Motor Insurance Premium Tracker has revealed that the overall average premium paid for private comprehensive motor insurance was £478, up two per cent on the previous quarter and 16% higher than the same period in 2022. The average price paid by motorists renewing their cover rose by £8 to [...] -
Repair costs surge 40% since 2018
- 21/03/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
The cost of vehicle repairs has risen by a staggering 40% from 2018 to 2022, according to Intelligent Motoring. It also found the average cost of warranty claims rose 37% between July and December last year, suggesting that higher prices for repairs are here for the foreseeable future. Intelligent Motoring’s [...] -
New car buyers driven in droves to used market
- 10/02/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that the cost-of-living crisis is having a significant impact on new car buyers, with many switching to the used vehicle market or not replacing their existing car at all. The research by What Car? also found that many drivers have also started carrying out basic servicing and maintenance [...] -
Rising costs named number one challenge in 2023
- 10/01/2023
- Posted by: Alan Feldberg
- Categories: Featured, News
A Motor Ombudsman poll of independent garages and franchise dealer workshops has revealed that rising operational costs, taxes and energy bills are set to be the biggest operational challenge for 90% of businesses in 2023. This is a marked increase on the 64% of respondents who stated in the same study that paying [...] -
Insurers contribute £17.2bn in taxes to UK economy
- 15/12/2022
- Posted by: Alan Feldberg
- Category: News
The insurance and long-term savings industry has contributed a record £17.2bn to the UK economy in tax in 2021-22, according to the Association of British Insurers’ (ABI) latest Total Tax Contribution Survey. The annual survey found that the sector contributed 6.9% more in tax in 2021-22 than in 2019-20, marking [...] -
Ben Ball hailed a roaring success
- 14/12/2022
- Posted by: Alan Feldberg
- Category: News
More than 600 guests attended the Ben Ball 2022 at Old Billingsgate Market on 7 December to help the automotive charity raise over £120,000. The support will be invaluable as Ben revealed the sharp increase in demand for help as more people than ever before are reaching out for help with their finances, due to the [...] -
EV demand dips amid rising bills
- 14/12/2022
- Posted by: Alan Feldberg
- Category: News
Demand for electric vehicles is waning amid rising living costs and surging energy prices. Data from Auto Trader found electric vehicles represented 27% of new car enquiries in June but has now dropped to just 19%. Its Road to 2030 Report also found that year-on-year demand for used EVs is in decline for the [...] -
Ben delivers Christmas support to struggling families
- 13/12/2022
- Posted by: Alan Feldberg
- Category: News
Automotive charity Ben has launched a Christmas families project so no one has to choose between heating or eating this Christmas. Over the last 12 months, Ben supported 182 households who couldn’t afford to put food on the table or heat their homes and an additional 64 households who would have otherwise become [...]