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One in six drivers plan to replace their vehicle this year

February 15th, 2024|

Although signs of economic recovery are emerging and inflation is beginning to slow, many household budgets remain tight. To afford a new vehicle, one in six (16%) drivers will turn to car financing, 8% will use a personal loan and 6% will lease their next car.  Meanwhile, three out of five drivers (61%) plan to pay for their next car with cash upfront.

Carwow acquires leading car media brands including Auto Express

February 14th, 2024|

Combined with Carwow’s content, which includes its YouTube channel that generated over 1.1bn video views in 2023, the acquisition significantly expands Carwow’s audience reach. It will add to Carwow’s advertising and e-commerce capabilities for its car manufacturer and dealer partners, to help meet growing digital demand.

Sad farewell to our Suzuki Across PHEV

February 14th, 2024|

One spell covering some six weeks and well over 1,000 miles saw an mpg return of 148.5! On a longer 250+ mile round trip with the petrol engine doing all the work, the Suzuki returned 44.8mpg which is nothing to be sniffed at. Overall, the return over the full 2,121 miles averaged out at 95.06mpg while the battery consumed an average of 2.8 miles per kWh

New car enquiries fell in 2023 but conversions improved

February 14th, 2024|

In the used car market, Dealerweb’s analysis points to a 5% rise in enquiries during 2023 and a 9% increase in the overall value of orders. However, the growth in the used car market stalled in Q4, with enquiries and sales up just 1%, year-on-year, hinting at how the rising cost of living and stubbornly high interest rates were affecting spending and consumer confidence in the lead-up to the festive period.

Digital aftersales check-ins up 11% as more customers opt for self-service

February 13th, 2024|

Tjekvik’s technologies, which have been adopted by dealer groups including Group 1, Hartwell, JCB and Vertu, enable customers to check in and check out their vehicles at a time and place convenient for them, either at home using a mobile-optimised site, or at dealers via tablets and easy-to-use touchscreen kiosks.

Motorists would feel “anxious and financially stressed” by £1,000 repair bill

February 13th, 2024|

Figures underline the impact of the pressure on personal finances that has been seen over the last couple of years. A £1,000 repair bill for a used car is not uncommon – transmission issues, air conditioning compressors or timing chain failure can easily cost this much

Shadow Roads Minister says Labour will reintroduce 2030 ICE sales ban

February 13th, 2024|

Esterson said the reintroduction of the 2030 deadline would give confidence to investors and help encourage consumers to make the switch to electric. This comes after RECHARGE UK’s industry survey highlighted the importance of the 2030 deadline which if not reinstated could cost the UK over £100 million in investment.

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