February 4, 2012

Five simple tips for looking after your car tyres

tyres

There are enough costs associated with running a car – MOT, servicing, road tax, fuel car insurance – so it’s worth doing what you can to reduce the likelihood of having to shell out on general maintenance. Car tyres can be expensive to replace, especially if you have to do all four at the same time, so knowing how to properly maintain them … [Read more...]

Will more drivers go electric as fuel sales fall?

ev

Will more drivers go electric as fuel sales fall? With the news of a massive drop in the amount of petrol and diesel sold in the UK in the first six months of 2011, it has seemingly increased the possibility of more disgruntled drivers switching more fuel efficient or electric cars in a bid to reducing the long-term costs associated with staying … [Read more...]

How to get the best Motor Trade Insurance – Five Insider Tips

pld

For most motor traders buying insurance is probably a chore and a bit of a bore. But making sure you go about choosing a policy correctly could be the difference between your business surviving a disaster and it going under. So it’s worth taking time out to make sure you get motor trade insurance right. With that in mind, here are five … [Read more...]

Expert issues money-saving tips to cash-strapped drivers

dark-sky

British motorists concerned about sky-high petrol prices are being advised by an insurance expert at moneysupermarket to car share, avoid harsh accelerating and braking and find an alternative mode of transport for short journeys in order to save money. Pete Harrison’s recommendations come after the leading price comparison website looked … [Read more...]

Do car insurance companies make their own law?

law

It seems that just lately the tone of most of our pieces seems to centre around doom and gloom, firstly because there is lots of it about and secondly because sadly we get far more visitors for negative or bad news stories than anything we produce that might have a pleasingly positive spin to it. Unfortunately despite the introductory … [Read more...]

MInd the GAP

thegap

As we have often said here on MTI the world of car sales has changed dramatically in recent years. Only the other day I was talking to an old colleague who is now in consultancy (where many ex-sales pros end up) and he was ruefully admitting that, apart from the car and a bit of warranty and hire purchase, there used to be no other way of earning … [Read more...]

It’s the add-on’s that swing the deal

add-ons

The modern car salesperson has much more profit making weaponry in his arsenal than just selling a car. The list of add-on’s for car buyers continues to grow and in many cases will be the deciding factor on whether a deal is done or not. In the past a car was marked up or published in a price list and apart from the funding options it was all … [Read more...]

First timers bear the brunt

first-time-drivers250

It must be very unfortunate to be a first timer at anything in the middle of a recession (are we in a recession? Certainly feels like it). First time buyers cannot get credit to buy their first houses and even if they could they couldn’t afford it, first time jobseekers cannot get employed in the jobs they would like because the cutbacks have put … [Read more...]

Survey reveals motorists looking to cut costs

empty

As many as two out of three motorists are planning to change driving habits because of sky-high fuel and insurance prices, according to a survey. Nearly half (48.2%) say their next car will be a more fuel-efficient model, the poll by moneysupermarket.com found. Also, 11.4% plan to buy a new car that is cheaper to insure while 8% plan to ditch … [Read more...]

Will uninsured drivers soon be a thing of the past?

uninsured-drivers

Time appears to be running out for the million or so uninsured drivers on UK roads today. Currently uninsured drivers can only be prosecuted if caught behind the wheel but under new legislation just owning an uninsured car could mean the car is impounded by police and it is hoped this deterrent will lead to lower car insurance premiums for the law … [Read more...]

Bargain of the Week – My First Car

my-first-car-botw

Happy 2011. Yep, we're back with another series of Bargain of the Week. OK, so I've had January off, but this particular edition is a personal one and something many parents dread. Our soon to be seventeen year old is getting her very first car and my other half is already snapping with worry. This is also the year where I'm (celebrating?) eighteen … [Read more...]

2011 year of the “great deal”?

2011-year-of-the-sale

2011 looks set to become the year of the “great deal”. With all the doom and gloom around - and most of us expected to get hit in the pocket one way or another - there might be some light at the end of the tunnel. Car retailers have still got budgets to achieve and staff to pay and in many cases shareholders to appease, so in an industry that … [Read more...]

Keeping an uninsured car soon to be outlawed in GB

crushed-car

New rules will make it illegal to keep an uninsured car in Britain whether it is being driven or not. Owners who have not declared their uninsured cars and vans off the road could have them seized and crushed. Transport Minister Mike Penning said uninsured cars were a "real road safety issue". The measure, introduced under Labour, will be … [Read more...]

Cherished plate transfers can be a nightmare for dealers

ams1

Cherished number plate transfers are becoming a major issue in the motor trade, as more and more people switch on to the idea of a personal plate the situation looks set to become even harder. Buying a cherished plate for your new car is nowhere near as costly as once it was, you could get a plate now for as little as £200 and the idea appeals to … [Read more...]

House of Commons Transport Committee to look at motor insurance costs

ukhc

It has been announced by parliament that the House of Commons Transport Committee has agreed to hold a “short inquiry” into the cost of motor insurance in the UK The Committee intends to focus on the reasons and consequences of recent increases in the cost of motor insurance and the impact on young people of the high costs of motor … [Read more...]

AA reveal massive jump in cost of car insurance

car-insurance

Motoring organisation The AA has recorded the biggest jump in the cost of car insurance since it started tracking the market, with young people bearing the brunt of the rise. Figures due to be published this week show premiums for 17 to 22-year-olds have risen by as much as 47% in a year. Young male drivers are paying the most, with the … [Read more...]

Registrtaion “10 O” sells for nearly £100,000 at DVLA auction

10-o

Someone still has cash to burn as the final day of the DVLA Personalised Registrations' autumn auction witnessed the registration "10 O" being sold for a staggering £92,920. As the winning bid was made by phone during at a tense and packed auction room here at Rudding Park, near Harrogate, mystery surrounds the successful bidder. 10 O is the … [Read more...]

HPI warn used car buyers to be wary of Category B insurance write-offs

Vehicle data experts HPI are warning used car buyers about the rising number of Category B insurance write-offs being dangerously repaired and returned to UK roads for sale. These are vehicles that have been recommended by the Association of British Insurers (ABI) to be scrapped. "The Government's Scrappage scheme gave the UK new car market a … [Read more...]

Swings and roundabouts for new car buyers when it comes to the VAT rise

Buyers are worried that they will have to pay the extra 2.5 % VAT on their new car even though they ordered them this year while the rate is still at 17.5%. The extended lead times currently being experienced with many car manufacturers is creating nervousness amongst customers and franchised dealers, who can certainly do without the negative … [Read more...]

Draft dodgers

For those of you who thought bankers drafts were as good as cash, think again. It takes up to 5 days for a BD to clear and if it is stolen or a forgery your car can be long gone before the bank or you realise leaving you with no car and no money. In that case what is the point of a bankers draft over a cheque? … [Read more...]

VAT’ll do nicely!

It is widely believed that the increase in VAT from January 11th will stimulate new car sales in the second half of 2010 and that the industry will welcome an increase in sales during the traditionally quieter periods. However some believe that car buyers will merely be bringing forward their purchase decision leaving a hole in the overall … [Read more...]

Traders need to ensure the wheels keep turning

trade-plates

Working in the motor trade can be an expensive business. Traders and garage owners are often dogged by unseen costs and often feel they’re under constant financial pressure. For motorists, it may seem as if garages and dealerships are always making money and the thought of putting their vehicle through the workshop can send shivers down the … [Read more...]

Car buyers confidence hit by showroom tax, says Motorpoint

According to a new poll of 1,000 motorists carried out by car supermarket Motorpoint has revealed 93 percent of car buyers would think twice about buying a new car because of the forthcoming 'Showroom Tax'. From April 1st new car owners will be subject to a one-off first-year charge on top of their usual VED. Based on a car's CO2 emission, the … [Read more...]

Taking the temperature of the trade and fearing the budget

Prices at auction seem to be showing no sign of slowing as good quality low mileage cars remain scarce, and dealers are already feeling the effects of the end of scrappage and wondering how they will fill the gap. Buyers need to look carefully over the coming weeks and months for manufacturers offering their dealers incentives to shift more … [Read more...]

New car price hikes threaten stability

The Lord Mandelson giveth and he taketh away and this phrase probably describes, quite aptly, what the motor trade is going through right now. Last year jobs were being lost, sales figures were being decimated, showrooms were either empty or closing and factory output was grinding almost to a halt. After pressure from the industry and lobbying, … [Read more...]