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Sir Arnold tops UK motor rich list

Mon, May, 14 2012

An unofficial rich list of the UK auto world has been compiled by the Daily Telegraph’s Mike Rutherford. In first place is 84-year-old Sir Arnold Clark of Arnold Clark Automobiles, whose ‘clan’ Rutherford claims is worth £467m.

Used car values fall in April

Mon, May, 14 2012

Average monthly used car values fell by £375 (6.2%) in April compared to March according to BCA, a market move typical of the time of year.

PCP focus

Fri, May, 11 2012

The guaranteed minimum future value remains stable - indeed 40% of this sample have increased month-on-month.

Used car values

Fri, May, 11 2012

Changing sector mix, rising volumes and seasonal pressures saw average used car values fall by £270 (4.3%) in March.

FLA motor finance statistics

Fri, May, 11 2012

Good deals meant that 64.5% of private consumers buying a new car used dealer finance in the tear to February 2012, a record figure.

One in ten uninsured cars seized has outstanding finance

Thu, May, 10 2012

Almost 10% of the 60,000 uninsured cars seized by the police in 2011 and checked with HPI Crushwatch had outstanding finance recorded against them.

Rise in supply takes edge off used car prices

Tue, May, 8 2012

The supply of used cars has increased, leading to lower trade used car prices, CAP has announced. This has eased some of the pressure felt by dealers frustrated this year about competition for trade stock and resultant price inflation.

National Mileage Register clocks up 150m readings

Thu, May, 3 2012

Vehicle history specialists HPI’s National Mileage Register has passed the 150m readings milestone, with the event being marked with a warning about the risk of buying a ‘clocked’ vehicle, where the mileage has been tampered with.

Sainsbury’s predicts the impossible

Wed, May, 2 2012

Data released by Sainsbury’s Bank claims to reveal that 8.3m people in the UK intend to buy a car between March and August this year, which it says is up 17% on a year ago. Of these, 3.6m intend to buy a new car, with 4.7m opting for a used car.