• SalvageMarket subscriber numbers surge

    • 24 November 2022
    • Posted by: Alan Feldberg
    • Category: News
    e2e Total Loss Vehicle Management has reported a 25% increase in SalvageMarket’s subscriber base since it was relaunched with improved technology SalvageMarket is the UK’s premium online salvage auction with thousands of vehicles available through its weekly auctions Since relaunch three weeks ago, e2e has [...]
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  • Demand still strong for used cars

    • 21 November 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Latest data from Auto Trader has revealed that used car prices remained stable last month Average prices actually rose £300 from September to £17,863 Prices have now been neutral or risen for five consecutive months while on a year-on-year and like-for-like basis they are up 51% higher than this time last [...]
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  • HGV sales up nearly a third

    • 18 November 2022
    • Posted by: Alan Feldberg
    • Category: News
    New UK heavy goods vehicle (HGV) registrations increased by 301% in the third quarter of 2022, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT) The surge saw 10,034 units registered across the three months, demonstrating the best quarterly growth since the third [...]
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  • Car finance costs soaring

    • 17 November 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Monthly payments on new car finance contracts have risen by more than 40% on some models since 2019 This is according to the latest research by What Car, which found average monthly personal contract purchase (PCP) payments had risen by at least 224% across five sample models Interestingly, the research also [...]
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  • Government confirms 2030 ban to remain

    • 19 October 2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    The UK government has confirmed that the 2030 ban of the sale of new petrol and diesel vehicles will go ahead Transport Secretary Anne-Marie Trevelyan confirmed the decision was part of the government’s ambitions to reach net zero by 2050 Former Prime Minister Boris Johnson brought the ban forward from 2035 to [...]
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  • VWFS to launch ‘inflation-proof’ services

    • 7 October 2022
    • Posted by: Alan Feldberg
    • Category: News
    Volkswagen Financial Services UK (VWFS) will activate 810,000 ‘inflation-proof’ service plans this year in an effort to help customers tackle affordability issues in the current economic climate The car finance provider has already sold 728,000 service plans in 2022 but says its year-end forecast is an 11% [...]
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  • BCA agrees Alan Day partnership

    • 6 October 2022
    • Posted by: Alan Feldberg
    • Category: News
    BCA and Alan Day Motor Group have announced a new exclusive online remarketing partnership offering up to 1,000 vehicles annually The programme will run for an initial 12 months and will feature a wide range of part-exchange stock including Volkswagen and Skoda vehicles Introduced from 18 October, the deal will [...]
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  • LCV market enjoys first growth month of 2022

    • 6 October 2022
    • Posted by: Alan Feldberg
    • Category: News
    Britain’s light commercial vehicle (LCV) market grew by 108% to 34,950 units in September, making it the first month of growth in registrations this year However, according to the Society of Motor Manufacturers and Traders, the performance is still some 355% below the five-year pre-pandemic average The [...]
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  • BCA reports dip in used car values

    • 23 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    BCA has reported that average monthly used car values slipped back in August, principally driven by a changing model mix through the online auction channel Values averaged £8,954 across the board at BCA in August, down from £9,464 the previous month, with performance against guide values down marginally on July [...]
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  • LCV values find their level

    • 20 September 2022
    • Posted by: Alan Feldberg
    • Category: News
    BCA has announced that LCV values averaged £9,864 in August, down from the figure of £10,220 reported in July but still ahead of May and June Performance against guide prices improved to 975%, with just a £10 differential between August 2021 and August 2022  Stuart Pearson, BCA COO UK, said: “The overall [...]
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