Car finance booms as cost-of-living crisis bites
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 […]
inflation
NBRA welcomes government support
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 […]
Hamilton issues Truss administration with six-point plan
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 […]
Workers priced out of commute by fuel costs
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 […]
Fuel prices kept artificially high
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 […]
EV running costs ease inflationary pressures
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 […]
Car finance market contracts further
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 […]
Motor claims inflation set to keep rising
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. […]
Fuel costs rise by £1.3bn in a year
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 […]
Costs tops parts as primary challenge
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 […]
Demand still strong for used cars
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 […]
Drivers favour monthly bills
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 […]
