May saw the biggest increase in the price of petrol for at least 18 years, according to the RAC. The RAC said May was a "hellish month for motorists" as the cost of filling a family car with unleaded petrol rose by £3.29 in one month, meaning a 55-litre family car cost £71.1 to fuel. Diesel was also not immune to price hikes, increasing by 6.12p to 132.29p last month. It was the second worst rate the start of 2000. The worst year for those using diesel was May 2008 when the price shot up from 120.8p to 129.2p. The rise in May means the cost of filling up an average family car now stands at £72.8. The RAC said the average prices of both petrol and diesel had risen every single day since 22 April, adding 8p a litre in the process. It said this was the longest sustained price increase since March 2015. It is the double whammy of increase in the price of oil and a weakening of the pound against the dollar that is largely to blame, with oil breaking the $80 a barrel mark … [Read more...] about Price of petrol reaches May peak as new car registrations start to reignite
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New car sales have risen year-on-year for the first time in 13 months in April, as pollution concerns slowed the rate that consumers bought diesel cars. Figures out from the Society of Motor Manufacturers and Traders (SMMT) found that net new sales rose 10.4 per cent last month. However, the rise can be put down to new vehicle sales being low in April 2017, as changes to vehicle excise duty in March pushed sales forward. Read more: UK car manufacturing drops for the first time in eight years Diesel car sales were down by nearly a quarter (24.9 per cent) compared to the same time last year, mainly due to pollution concerns and expectations of government action to address the issue. SMMT reckoned this contributed to the weak sales as well, though the drop in diesel was buoyed by a 38.4 per cent rise in petrol sales. But the organisation also warned that future car sales would be hit by pressure to restrict car finance deals and unsecured consumer credit. Mike Hawes, SMMT chief exec … [Read more...] about New car sales rev up in April, as diesel continues nosedive
Motoring by Press Association 04/05/2018, 10:16 am Updated: 04/05/2018, 10:18 am FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter The UK new car market grew 10.4 per cent in April, with 167,911 new units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Demand was affected by a number of factors, including the timing of Easter, which meant two additional selling days this April, and March’s adverse weather, which pushed some deliveries into the fourth month of the year. Most significant, however, were the VED changes that came into force last April, causing a pull forward into March 2017 and a subsequent depressed April market. April figures this year paint a mixed picture, with private demand growing 26.3 per cent, while the fleet market remained stable at 0.9 per cent. However, business registrations saw a significant decline, falling 12.9 per cent compared with the same … [Read more...] about New car market rises 10.4 per cent in April – but it’s a mixed picture
LONDON (Reuters) - British new car registrations ended a year-long run of declines to rise by an annual 10.4 percent in April although an industry body cautioned the increase reflected a poor performance in the same month last year. Cars are displayed outside a showroom in west London October 4, 2013. REUTERS/Luke MacGregor Demand in April 2017 dropped 20 percent as a tax rise came into effect. Sales last month reached 167,911 units according to the Society of Motor Manufacturers and Traders (SMMT) which also said there were more selling days last month compared with the April 2017 due to the timing of Easter. Demand for diesel cars dropped by 25 percent in Europe’s second-largest autos market as customers continued to worry about tax rises and looming bans and restrictions in many countries. “Consumers need certainty about future policies towards different fuel types, including diesel, and a compelling package of incentives to deliver long-term confidence in … [Read more...] about New car sales rise for first time in a year, diesel slumps again
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Your fancy new car steers and brakes for you; so why keep your hands on the wheel? Driver-assist technology, such as Tesla Autopilot or Cadillac Super Cruise, requires drivers to monitor the road. But it may encourage too many risks. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. 8 Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Marco della Cava, USA TODAY Published 8:00 p.m. ChT April 13, 2018 | Updated 11:50 p.m. ChT April 13, 2018 CLOSE USA Today's Nathan Bomey takes Cadillac's Super Cruise for a test drive. Video by Jarrad Henderson/USA TODAY CONNECT TWEET LINKEDIN 8 COMMENT EMAIL MORE SAN FRANCISCO — Right now on a busy stretch … [Read more...] about Your fancy new car steers and brakes for you; so why keep your hands on the wheel?