Average used car price surges as market continues to grow January 11, 2022 The price of a used car surged 30.5 per cent year-on-year, making December the 21st consecutive month of growth for the second-hand automotive market. According to Auto Trader’s retail price index, the £17,816 average was driven by mainly by exceptional levels of consumer demand, reflected in the 27 per cent increase in visits to Auto [...]
Lexus increases sales despite Covid and supply chain issues January 10, 2022 Car maker Lexus has registered a 1.1 per cent increase in sales, despite Covid and ongoing supply chain issues. Toyota’s luxury division sold 13,880 vehicles in 2021, giving the car maker a 2.46 per cent share of the premium car market and a 0.84 per cent share of the full passenger car market – a [...]
Used cars cost 50 per cent of Brits’ salary, data reveals January 10, 2022 Buying a used car costs almost 50 per cent of a Brit’s average salary, according to car leasing company Vanarama. Since 2017, the average price of a second-hand vehicle has gone up from representing 41.5 per cent of the average UK salary to amounting to 47.2 per cent, around £14,775. “Generally, the UK cost of [...]
Best of 2021: The Huracan STO is the best Lamborghini around January 3, 2022 The new 2021 Huracan STO is peak Lamborghini, says Tim Pitt, and one of the most exciting supercars on sale.
Automotive production plunges as industry builds 10 million less cars December 27, 2021 Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed. According to research, the European automotive industry – which saw a 3 million shortfall in production – was among those hit the worst, while semiconductors shortages led to delays and disruption, the [...]
Automotive output falls 28.7 per cent despite EV boost December 23, 2021 The UK automotive output declined 28.7 per cent in November to 75,756 units produced. According to data from the Society of Motor Manufacturers and Traders (SMMT) released today, both domestic and overseas markets plunged, going down 18.8 and 30.4 per cent respectively. “These are incredibly worrying figures, underscoring the severity of situation facing the automotive [...]
A34 and M4 crowned the UK’s most congested roads December 21, 2021 Hampshire’s major road, the A34, was crowned today the UK’s most congested, with an average delay of 70.7 seconds per car per mile. According to Office for National Statistics data gathered between 2017 and 2020, the A34 was closely followed by Hounslow’s M4 westbound within J1 and J2, with an average waiting time of 70.1 [...]
British Lamborghinis supplier to debut on AIM with £75m listing December 20, 2021 CT Automotive will debut on London’s junior stock market with a market capitalisation of around £75m this week, after raising £33.6m in an initial public offering (IPO). The company supplies parts for the interiors of cars, such as cup holders, air vents and dashboard panels. Nissan, luxury brands including Bentley and Lamborghini and electric car [...]
Plan B “little impact” on used car price growth, data reveals December 15, 2021 The UK Government’s plan B has had little impact on either consumer demand and user car price growth. According to data from Auto Trader, between 6 and 12 December prices for used cars went up 28 per cent on a year-on-year and like for like basis – a 26.9 per cent increase compared with the [...]
Christmas Eve will be December’s busiest day of traffic, data shows December 15, 2021 Data from the AA has predicted that 23 and 24 December will be the busiest days of traffic, with 54 per cent of drivers planning to travel. Motorists are also expected to travel further, with an average of 39 miles. Despite Covid regulations allowing families and friends to be reunited, one in five drivers admit [...]