The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding vehicles is via a leasing company and the third most popular … [Read more...]
Insurance Features
‘None for the road’ is one way to reduce accidents
Potentially millions of motorists could be unknowingly getting behind the wheel while over the drink-drive limit if they socialise this weekend. That’s according to research commissioned by the UK’s leading independent road safety charity, IAM RoadSmart, which has revealed that up to four in ten drivers (42 per cent) of the 1,004 motorists surveyed do not know the legal drink-drive limit in … [Read more...]
Seven in ten stolen cars never recovered
Seven in ten stolen cars are not now recovered with sophisticated gangs stealing them and breaking for parts and a lot of money, according to the latest study. One of the most popular to pinch because of easily bypassed security system is the Range Rover and its also one of the most expensive worth a lot in stripped out parts sold on the black market to back-street mechanics and owners. That’s … [Read more...]
Premiums rising again after coasting
The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as 84% of motorists have spent more on fuel … [Read more...]
EV anxieties overblown and benefits overlooked – NFU
Research by electric vehicle insurer NFU Mutual suggests that concerns about electric vehicle range and charging are overblown when compared to the reality of owning an EV, and that non-EV owners are overlooking some key benefits of the technology. NFU Mutual, which offers insurance tailored to plug-in and hybrid EV owners, recently conducted a UK-wide survey of 1,107 people to find out attitudes … [Read more...]
Rising fuel costs slash accidents
Soaring fuel costs have left a hole in the pocket of motorists across the country, but it could be having an unexpected positive impact on the safety of Britain’s roads. That’s according to latest research commissioned by the UK’s largest independent road safety charity, IAM RoadSmart, which has revealed that potentially millions of motorists have changed their driving habits for the better amid … [Read more...]
Insurance premiums rising again
The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as 84% of motorists have spent more on fuel … [Read more...]
Clampdown on careless drivers
You can now go to prison for a long time if you seriously injure someone while carelessly driving. The law changed this week following campaigns to plug a gap in sentencing guidelines and here Paul Loughlin (below), partner and motoring offences specialist at Stephensons explains the thinking behind the changes. “The consequences of dangerous and careless driving are often profound. Just one … [Read more...]
Cyber criminals eye motor businesses
Big car dealerships and automotive suppliers face a threat from cyber-criminals and ransomware. KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, announced the release of a resource kit for IT managers as part of a month-long effort in July to increase awareness of ransomware, its many forms and methods used by cyber criminals to extort … [Read more...]
Newslines 27 June
As wholesale fuel prices are falling the prices have climbed over the weekend. RAC fuel spokesman Simon Williams said, “A litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a fall tank over £105. Diesel also reached another high point on Saturday with an average price of 199.09p, which makes a full 55-litre family car fill-up £109.42. We are struggling to see how … [Read more...]
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