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The gap is starting to open up between petrol and diesel at the pumps again, pushing drivers towards petrol cars. There is also continued concern that people that take diesels fitted with particulate filters, as all new diesel cars have to have fitted, do not understand that they need to run the car at over 50mph for at least 20 minutes in one session per month in order to create the chemical reaction that clears out the filter. If this isn’t done the filter clogs and needs to be replaced costing hundreds of Read more »

Auto Express has launched a campaign to force manufacturers to disclose known problems with their cars. At the moment the manufacturers only have to make public known safety faults that are subject to recall. For all other problems, such as reliability issues, these do not have to be made public. The AA, RAC and Retail Motor Industry Federation have all joined with Auto Express to put pressure on manufacturers to make public their technical service bulletins – the documents that detail the Read more »

The dangers of using insurance comparison sites has been highlighted by incidents in which payouts could be avoided by the insurers because drivers have been confused by some of the questions that may have been handled differently and more clearly if an actual broker helped you to compete your application form. As most people know insurers have to be made aware of any modifications that have been fitted to the car. If the mods have not been declared the insurer could refuse payout in Read more »

Halfords owned Nationwide Autocentres has revealed the top ten 3 year old cars and 5 year old cars to pass the MOT amongst the UK’s best selling cars. This information is normally very hard to find so Halfords have pretty much broken ranks by revealing the information that I print out below: 

 

The figures were based on the top 10 selling cars during the year of manufacture according to Halfords. One or two surprises there I have to say but it would be interesting to see stats for all cars, not just the top sellers, now that would be revealing! Are you surprised by any of the figures, drop me a note? By Graham Hill

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• 2.6 million motorists would risk driving without an MOT (money.marksandspencer.com)

None of us can say that we like speed cameras but we have to admit that not all are simply there to generate income for the local authority, some have a genuine use in built up areas, near to schools and along stretches of road that had previously been an accident black spot. So whilst many of us are generally pretty happy that many local authorities are preparing to switch off many of the static Gatso cameras it’s a bit Read more »

As if by some weird coincidence Lloyds TSB have carried out a survey amongst drivers asking if money was no object what would be your dream car? And would you believe it Brits would plump for an Aston Martin! More motorists aspire to own one of these quintessential English cars that still conjure up times when we led the world with our beautifully designed executive cars. Obviously following the same Read more »

One of the last meetings I attended at which we discussed the state of the motor finance industry, we were told by one of the leading accountancy practices in the UK along with a couple of large leasing operations that the biggest problem faced by the industry was lack of liquidity or in other words lack of money to lend to you and me. This has been confirmed by the Society of Motor Manufacturers and Traders Read more »

Moving on to legitimate parking fines, it turns out that local authorities may follow the Westminster council lead and name and shame the worst culprits for not paying their fines. It seems that some of the worst culprits are the very wealthy and Westminster has taken the unprecedented step of announcing the worst offenders on it’s website. It would seem that many of those that refuse to pay the fines are Arab Read more »

On the 14^th September I attended a meeting of the good and great in the vehicle finance industry at the London offices of Grant Thornton. The purpose was to debate the challenges of the industry which would be reported in the journal of the industry, Motor Finance. There were many conflicting views but the bottom line is that we are still in for a tough time. Clearly there is a lack of liquidity in the vehicle finance Read more »

If you are about to finance a car in your own name as opposed to through a business, you will need to allow a little extra time between ordering, signing the finance agreement and collection/delivery of the new car. According to the new EU Consumer Credit Directive all agreements that fall within the terms of our own Consumer Credit Act must be given a 14 day cooling off period. In the past, if you signed the agreement on trade premises, for example at a dealership or the premises of a broker Read more »