• Customer demand dips as inflation rises

    • 5 October 2022
    • Posted by: Alan Feldberg
    • Category: News
    New data has revealed that customer demand for new and used vehicles fell in September compared to the same month in 2021 According to iTrackLEADS there was a 248% decline in enquiries, while test drives and both fell by 20% Adrian Favill, director of iTrackLEADS, said: “It’s clear the market is facing [...]
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  • Regional ranges in insurance premiums

    • 29 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    New data has revealed wild variations in insurance premiums according to region in the UK According to insurance comparison platform Quotezone, drivers in London are forking out considerably more than drivers in other parts of the UK, with average premiums in the capital nudging close to £800 However, that [...]
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  • Cost-of-living cooling car ownership

    • 21 September 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    A new survey of dealers has identified a growing trend among motorists now wishing to own their own vehicles According to Startline’s Used Car Tracker, drivers choosing not to own their vehicles is a challenge for 42% of respondents compared to just 18% in August Paul Burgess, CEO at Startline Motor Finance, [...]
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  • Car finance booms as cost-of-living crisis bites

    • 14 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    The cost-of-living crisis is pushing more new and used car buyers to opt for finance rather than cash purchases This is according to the latest research by What Car It surveyed 1,060 in-market buyers and of those buying via finance, a quarter (258%) said the cost-of-living crisis had influenced their decision to [...]
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  • NBRA welcomes government support

    • 9 September 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    The National Body Repair Association (NBRA) has welcomed the government’s announcement this week that it will put a cap on energy costs for businesses for the next six months Executive director Chris Weeks said: “We are pleased to see the government taking action to support business with the increasing energy [...]
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  • Hamilton issues Truss administration with six-point plan

    • 8 September 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Andy Hamilton, the CEO of LKQ Euro Car Parts, has issued Liz Truss’s new administration with a six-point policy wish-list for the independent aftermarket, as assumes control of the economy this week He said: “The UK’s SMEs are facing a cost-of-doing-business crisis They need support and the economy needs a [...]
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  • Workers priced out of commute by fuel costs

    • 8 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    New research has revealed that a third of drivers won’t be able to afford their commute if fuel prices continue to rise As the cost-of-living intensifies, a new study by Volkswagen Financial Services UK (VWFS) has found that 32% of the nation will be priced out of driving to work if petrol and diesel prices [...]
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  • Fuel prices kept artificially high

    • 6 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    Fuel prices fell by an average of 12p in August, the largest monthly drop on record, but are still a long way from reflecting the current wholesale fuel cots According to the RAC Fuel Watch, the average price of a litre of unleaded is now under 170p (1698p) for the first time since May However, with the average [...]
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  • EV running costs ease inflationary pressures

    • 18 August 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, [...]
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  • Car finance market contracts further

    • 5 August 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 [...]
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