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Motor claims inflation set to keep rising
- 28/07/2022
- Posted by: Alan Feldberg
- Category: News
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. It revealed that UK motor insurer Sabre said claims inflation had continued throughout the year, rising from eight per [...] -
Fuel costs rise by £1.3bn in a year
- 25/07/2022
- Posted by: Alan Feldberg
- Category: News
UK motorists have spent an additional £1.13bn during the last 12 months because of the rising cost of petrol and diesel. This is according to used car platform CarGurus, which calculated the average monthly cost of diesel and petrol prices from June 2021 to June 2022 based on the average monthly mileage and [...] -
Costs tops parts as primary challenge
- 13/07/2022
- Posted by: Alan Feldberg
- Category: News
Increasing operational costs is the biggest concern for 79% of independent repairers and dealer workshops, ahead of disruption to the supply chain. This is according to a poll by The Motor Ombudsman. It found that the same proportion of respondents also stated that their bottom line had been particularly [...] -
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, [...] -
Drivers favour monthly bills
- 30/06/2022
- Posted by: Alan Feldberg
- Category: News
New research has found that almost one in three (30%) drivers prefer to pay for their car on a monthly basis. According to a new Opinium survey of 2,000 UK drivers, commissioned by InsuretheGap.com, younger age groups are the most likely to pay monthly, with 53% of 18–34 year-olds favouring monthly payments [...] -
Ben reports rising cost concerns
- 10/06/2022
- Posted by: Alan Feldberg
- Category: News
Automotive charity Ben has seen a rising number of people in the sector seeking help in managing finances and debts. This comes as the rising cost of living in the UK reaches new heights, with inflation up to nine per cent and prices for a full tank of petrol topping £100 for the first time ever. Ben now says [...] -
Vella Group becomes Living Wage employer
- 18/11/2021
- Posted by: Alan Feldberg
- Category: News
The Vella Group has announced that it is now an accredited Living Wage employer, through the Living Wage Foundation. The Real Living Wage is calculated on the basic cost of living and exceeds the UK government’s National Living Wage, and it rises annually, adding extra security that it will be reviewed in line [...] -
Car price inflation exceeding wage rises
- 30/06/2021
- Posted by: Alan Feldberg
- Category: News
Car prices have risen five times faster than wages over the past decade. Research from Moneybarn has found that some models have more than doubled in price since 2011, while wages have risen only a fraction of that. According to its Carflation study between 2011 and 2021, the average earnings in Britain [...] -
PI claims continue to increase premiums
- 18/06/2015
- Posted by: Simon Wait
- Category: News
The Telegraph reports that Allianz says the industry will pass on the cost of claims inflation to motorists The cost of car insurance is set to rise as providers struggle with a stubbornly high number of personal injury claims that now represent half of their overall claims costs, according to a major [...]