There have been a flurry of reports in the last day or so claiming that Brexit is responsible for driving up the price of cars and, even more so, the cost of PCP car finance. But is that true? The media reports stem from a press release from automotive site Parkers, which came to the conclusion that it’s all Brexit’s fault based on a study of 14 different car models, comparing today’s prices with those from 2017. Needless to say, the premise of a press release headline “Post-Brexit car price rises costing drivers thousands” had media outlets salivating at the clickbait opportunity to blame Brexit. It’s certainly true that cars are becoming more expensive, and car finance is as well. However, there are a number of factors that are contributing to this. Some of these are Brexit-related, though some are not. Exchange rate One thing that we can definitely pin on Brexit is the falling value of the pound against other major currencies. This has … [Read more...] about Reality check: Is Brexit making car finance more expensive?
Volkswagen polo finance deals
* Suzuki deal with Uber offers cheap loans, discounts * Drivers repay loans with money from services * Kenya deal boosted sales, Suzuki to expand in Uganda, Tanzania * VW introduces ride-hailing app in Rwanda By Duncan Miriri NAIROBI, Nov 9 (Reuters) - At Suzuki Motor Corp’s showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected. Most of the customers are drivers for ride-hailing company Uber Technologies, which struck a loans and discount deal with the Japanese carmaker and South Africa’s Stanbic Bank , at the beginning of the year. Africa should be a huge growth market for automakers. Transport links are weak and personal car ownership is low. There are 25 cars per 1000 Kenyans compared to 786 in the United States, according to the World Bank. But many in Africa cannot afford to buy a vehicle, particularly just for personal use. The Alto deal in Kenya, soon to be extended to Uganda and Tanzania, offers financing of up to 100 … [Read more...] about FOCUS-Carmakers lure ride-hailer, delivery drivers in Africa
With the first six months of 2018 behind us it is an ideal time to take stock of the new car market. After all, today’s new cars are tomorrow’s nearly new ones, as can be seen by the fact that every car in the list below can already be sourced as approved used via CarGurus, with potential savings of thousands of pounds. THE UK NEW CAR MARKET IN 2018According to figures released by the Society of Motor Manufacturers and Traders, the trade body that supports the interests of the UK automotive industry, 1.3 million new cars were registered in the first half of 2018. Of those, 62.8% are powered by petrol engines, while 5.5% are alternative fuel vehicles such as plug-in hybrid or electric, and 32.6% are diesel. That last statistic is particularly important, because it represents a fall in demand for diesel of 30.2% compared with the first six months of 2017, a change brought about due to a combination of anti-diesel sentiment and changes to VED road tax rates that were … [Read more...] about Daily coverage of the world of cars. The 10 Best Selling New Cars in 2018Post navigationFollow UsRecent PostsRecent CommentsCategories
There was an awful lot that could’ve gone wrong when, almost 20 years ago, BMW relaunched MINI. Yet from the retro-inspired styling to the UK-based Plant Oxford production facility, the modern MINI has in fact been a complete triumph, serving as a masterclass in how to make an old brand relevant to new consumers. Admittedly, the modern MINI in its many forms does not appeal to everybody. Some, for example, point out that even the smallest MINI these days is anything but mini. However, all cars have their critics, and anyway, it’s not like sales have suffered as a result. So to the car that is the subject of today’s column, the recently facelifted 2018 MINI hatchback, the first examples of which have now arrived on the used market. They are easy to spot, too: just look at the LED rear lights and if they feature a Union Jack emblem you know you’re in business. Another technological highlight, albeit optional, is the availability of LED headlights with adaptive … [Read more...] about Daily coverage of the world of cars. New to the Used Market: 2018 MINIPost navigationFollow UsRecent PostsRecent CommentsCategories
Volkswagen Passenger Cars Malaysia (VPCM) have started their Hari Raya sales promo and offers today. The German marque has a whole lot of promos and special deals to help assist you in your decision to drive home in a new Volkswagen for the upcoming Hari Raya. This time around, they are calling it the Volkswagen ‘Fuel Up Your Gaya’ or in Malay, 'Serlahkan Gaya Anda' campaign and it will go on till 30th June 2018. For the models stated here in this article, Volkswagen will be throwing in a free Petrol Card worth RM1,188 if you book and register your Volkswagen car from now until 30th June 2018. Do also note the discounts or rebates as well as low interest rates if you intend to take up some financing for the car, or cars, you purchase. Of course, these are subject to the usual terms, conditions and are available while stocks last. Model Savings from Low Interest Petrol Voucher Monthly loan from Polo RM4,000 ü RM802 Vento Comfortline RM10,000 From … [Read more...] about The Volkswagen ‘Fuel Up Your Gaya’ Sales Campaign In Conjunction With The Upcoming Hari Raya Festivities In Now Ongoing