The Best Car Finance Blog In The World

Online used car reseller Autoquake have officially gone into administration. A call to their offices confirmed that MCR have been appointed as administrators following the collapse of the company. I believe that somewhere in the region of 150 jobs could be lost unless a buyer can be found although it was clearly a model that could never work. They appointed highly paid executives in roles that were far too small for their ability. As I have worked with Carsite, the originator of the online used car Read more »

Image via Wikipedia

Drivers are travelling less miles according to figures issued by the Department for Transport for 2010. Provisional figures show that vehicle use is down by 3.3% since 2007 which means that we drove a massive 8.3 billion miles less last year. From 1993 to 2007 car use continued to rise peaking at 251 billion miles in 2007. However, 2010’s total of 242 billion car miles means that we are back to 2002 levels. If you include in the figures all vehicle types the total is 306.6 billion miles in 2010, also Read more »

Image via Wikipedia

Hello John, wanna buy a motor? Well actually a motoring school, the biggest in the UK, BSM. So how much you gonna pay for this luverly motoring school? A quid – done John! Sold to the AA at the back of the room. That’s actually how much the AA paid for BSM after going into administration at the end of January. The company went through a management buyout in 2009 when it was bought for £10 million but according to reports has struggled ever since. The company has 2,100 instructors Read more »

Image via Wikipedia

Following on from the news that windscreen replacement company, Auto Windscreens, has gone into liquidation we hear that our roads are in the worst condition ever, despite an extra £600 million being spent on them last year. The information regarding the condition of our roads comes in a report called the Highways Condition Index (HCI) released by the Department for Transport. The report shows that only 68% of the roads were classified as ‘Good’ whilst 26% were ‘Reasonable’ and 6% were Read more »

As you know, I try to report some of the most dopey things that happen in the motor industry. This week insurance companies come under fire. As I have reported on several occasions there is a strong move towards having two sets of tyres, one set for the summer and another set for the harsher winters we seem to be experiencing. For some it seems to make sense and I must say in the last dumping of the white stuff I’m sure that if I had winter tyres fitted I would have been able to drive my care Read more »

If you live in a rural area you could soon be getting more miles for your money as there are plans afoot to introduce a subsidy of 5p per litre in certain out of town areas. European competition rules mean that the proposal would have to receive backing from Brussels. Danny Alexander, chief secretary to the Treasury, said motorists in the most remote parts of the country were being hit by a triple whammy of high fuel costs, poor public transport and having to travel long distances. The Read more »

What are the two most dangerous things that a motorist can do that could result in injury or death? Most people would assume this to be the two things that the government, media and safety organisations obsess over. Speeding and drink driving. We are about to be hit with a campaign regarding drink driving as we run up to Christmas and there seems to be a year round campaign to demonise those that speed. Read more »

I recently reported that a large number of recalls don’t get the level of publicity that they should after Toyota took a beating over the brake recalls but were then found not to hold the record for the most numbers of single model cars being recalled this year. However it was put into perspective recently when Bentley had to recall 300 UK cars. The major concern affected Arnage, Azure and Brooklands models built Read more »

The last Labour Government made a big thing about toll roads, this was going to be the way forward if we were to make the roads less congested but according to research by the Campaign for Better Transport the showpiece M6 toll road has failed to meet its targets. The report claims that the operator, Midlands Expressway is losing millions of pounds every year. The cost of £5 drops to £4.50 at weekends and Read more »

After allowing local councils to levy workplace parking charges it seems that few are actually taking up the opportunity. Nottingham was the first to make a move and it was thought that all local authorities would follow suit but after seeing the reaction of local large employers, who announced they would move their offices rather than pay the parking levy, other councils have viewed the opportunity far more cautiously. Read more »