Kia has sold its 1.5 millionth car in the UK this April, amid a record-breaking month for the brand. The landmark 1.5 millionth sale was a Kia EV6 ‘GT-Line S’ in Yacht Blue, sold at 9:35am on Tuesday 16 April at Norton Way GWR Kia in Brentford, London., some 33 years after Kia made its UK debut with the Pride. Average fleet parts prices have risen by more than a third (35%) in four years, … [Read more...]
Fuel prices again rising even before Budget, says RAC
The price of petrol has gone up more than 3p a litre in the last three weeks while diesel has increased by 4p, the RAC has revealed. Worryingly for drivers, unleaded has risen by 3.2p from 140p on 29 January to 143.4p on 18 February and diesel has shot up from 148p to 152p in the same period, adding around £2 to filling up a family car. RAC Fuel Watch data shows petrol had been on a welcome … [Read more...]
Premiums catching up with repair costs
The recent surge of 21% in annual car insurance premiums does not come as a shock, said the National Body Repair Association. Wayne Mason-Drust (below) NBRA board member, explained this development, “For almost a decade, the cost of repairing a car following an accident has increased far below inflation. "Car insurers have tightly controlled repair costs by giving car repairers minimal annual … [Read more...]
Annual average car costs rise by £1,000
Annual average car costs have risen by almost £1,000 – an increase of around 20% – since the start of 2022. November’s Startline Used Car Tracker research suggests motorists' annual spending on fuel, insurance, servicing and car finance had risen by £80 a month. The biggest single increase was seen in fuel at £37 per month but insurance and motor car finance both rose by around £20 per … [Read more...]
Inflation puts brakes on ev models
Rising inflation and cost of living will put the brakes on car sales, particularly electric models, says Close Brothers Motor Finance. It will also slow down the UK Government’s drive towards greener policies for other products and services, according to Lisa Watson, Director of Sales at Close Brothers. The cost-of-living crisis is having a hugely damaging impact on people’s lives, and … [Read more...]
Fuel price rise hits eight-year high, for now
The price of petrol rose more in October than at any time since February 2013, with diesel rising at the fastest rate since May 2008, shows data from the RAC’s latest Fuel Watch survey. A combination of a weak pound since the UK’s EU referendum vote and rising oil prices have contributed to average petrol prices rising by 4.37p per litre from 112.34p on 2 October to 116.73p on 31 … [Read more...]