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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...]
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...]
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...]
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...]
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...]
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...]
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...]
I’d like to get one thing straight first off, MTI quite likes Quentin Willson. I won’t go as far as to say we’re best mates with him but some of our “people” met him (even though Quentin didn’t actually realise it) at the recent Automotive Management Used Car Conference at The Birmingham Motorcycle Museum and found him to be a … [Read more...]
VAT As we know VAT will return to 17.5% as from 01 January 2010 and this will obviously impact on buyers of new (and some used) cars from the start of next year. Fuel Duty As already announced by the Chancellor in his 2009 Budget, fuel duty will continue to rise by 1p a litre above inflation each year from 2010 to 2013. Vehicle Excise … [Read more...]
DVLA has launched a new memorable 0300 telephone line for motorists to tax their vehicles. The new number, 0300 1234 321, is available 24 hours a day, 7 days a week and takes less than 4 minutes to use. The service automatically checks that correct insurance and MOT documents are in place. The popularity of the environmentally-friendly phone and … [Read more...]
Vehicle information expert, HPI, supports calls this week from the Association of Chief Police Officers (ACPO) to increase the amount of available data that can be used to clamp down on car cloning. Cloning is the vehicle equivalent of identity fraud where the stolen vehicle is illegally disguised as a similar vehicle already on the road. HPI … [Read more...]
A fifth of young drivers are on the roads without car insurance, a new report from the Motor Insurance Bureau has revealed today. The report finds that around 243,000 young drivers are uninsured. A far greater proportion of young drivers are uninsured compared to the average driver, which is one in 20. Given that young drivers are more … [Read more...]
Motoring taxes have been handled so badly that drivers no longer trust what ministers say the charges pay for, an MPs' report says. Inconsistency over justification for green taxes "tarnished their image", according to the transport committee. … [Read more...]
With the recession hitting hard, motorists in the UK are trying to save money. With rising fuel prices, expensive road tax and maintenance costs, it is possible to save by cutting back your car insurance – but doing so could have far reaching implications for safety and finances in the event of an accident. Fortunately, while UK motorists … [Read more...]
If you are one of the increasing number of people who are seriously concerned about the environment and the effect we are having on the global climate, driving a car can pose something of a dilemma. Even with the most eco-friendly model, driven as carefully as possible, you still produce quite a hefty dose of carbon dioxide into the atmosphere. … [Read more...]
Mayor of London, Boris Johnson is being challenged by Volvo UK to review the basis of charging for the London Congestion Charging zone. The people at Volvo believe the principle of hybrid cars being … [Read more...]
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