The Motoring News for September 2008
September 2008
Car Insurance 'Write Off' Categories
Vehicle information specialist HPI is calling for used car buyers to be sure they fully understand the meaning of the term an ‘insurance write-off’, as fresh reports confirm a significant rise in vehicle write-offs over the past 10 years. Daniel Burgess, Automotive Director of HPI explains, “A recent report into the UK Car Body Repair Market* found the number of annual total losses declared by insurance companies has risen by an astonishing 86 since 1998, meaning write-offs now amount to nearly a quarter of all insurance claims**. the full story
Vehicle information specialist HPI is calling for used car buyers to be sure they fully understand the meaning of the term an ‘insurance write-off’, as fresh reports confirm a significant rise in vehicle write-offs over the past 10 years. Daniel Burgess, Automotive Director of HPI explains, “A recent report into the UK Car Body Repair Market* found the number of annual total losses declared by insurance companies has risen by an astonishing 86 since 1998, meaning write-offs now amount to nearly a quarter of all insurance claims**. the full story
Published on: 17th Sep 2008
Good News for Car Dealers in a Challenging Used Car Environment
In a recent survey exploring the key concerns currently affecting consumer confidence, almost nine in ten British car owners have admitted that they are worried about the rising costs of living, but two in five would delay buying a car as a result, according to a survey by Experian®, the global information services company. Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “People are clearly worried about the current economic climate. the full story
In a recent survey exploring the key concerns currently affecting consumer confidence, almost nine in ten British car owners have admitted that they are worried about the rising costs of living, but two in five would delay buying a car as a result, according to a survey by Experian®, the global information services company. Kirk Fletcher, Managing Director of Experian’s Automotive division, said: “People are clearly worried about the current economic climate. the full story
Published on: 17th Sep 2008
BCA
Used Car Market Slows
The origins of the downturn in the used car market can be seen in a new Report published today by BCA. the full story
The origins of the downturn in the used car market can be seen in a new Report published today by BCA. the full story
Published on: 3rd Sep 2008
£200 an hour: Garage labour rates spiral ‘out of control’
The cost of maintaining a car could ‘spiral out of control’ as garages start to charge up to £200 an hour. According to data released by insurer, Warranty Direct, labour rates for mechanics nationwide have increased 11. 3 percent since the summer of 2006 to £75. 17 an hour on average. the full story
The cost of maintaining a car could ‘spiral out of control’ as garages start to charge up to £200 an hour. According to data released by insurer, Warranty Direct, labour rates for mechanics nationwide have increased 11. 3 percent since the summer of 2006 to £75. 17 an hour on average. the full story
Published on: 1st Sep 2008
