Auto Trader sees used car prices dip slightly in May
According to Auto Trader, used car prices declined by 0.7% in May 2018. The average price was £12,676, a £93 decrease on April.
However, average prices remain 7% up on a year-on-year basis.
Notably, the percentage of online searches for diesel-fuelled cars dipped below 50% in May for the first time.
Karolina Edwards-Smajda, Auto Trader’s retailer and consumer product director, said: “Month-on-month used car prices have come off the boil slightly, but this follows the plate change in March, which tends to result in an influx of good quality and higher value stock.
“In general, used car prices remain near record highs and have stayed robust over the last year despite a choppier new car market.”
Demand for diesel vehicles appears to be declining, with the average price of a diesel on Auto Trader standing at £14,448 in May, a £107 decrease on April.
The average price of a petrol vehicle dropped by £57, to £10,733.
Seeming to buck the notion that electric vehicle (EV) demand is on the rise, the proportion of searches specifying EV dropped from 5% in March to 3% in May.
“We urgently need more clarity from government on the strategy and timeline for shifting to lower-emission vehicles,” said Edwards-Smajda.
Honest John says 98% of hybrid cars fail to match advertised MPG
Research by motoring news site, Honest John, found that 98% of hybrid cars on sale in the UK fail to match their advertised miles per gallon (MPG) fuel consumption.
148,000 fuel reports were analysed as part of its Real MPG initiative, launched in 2011 to investigate the disparity between claimed fuel economy figures and real-world experience.
Honest John named the Mercedes-Benz C-Class C350e the UK’s worst hybrid for Real MPG, achieving just 36.9% of its official fuel economy.
The Lexus GS 450h was named best UK hybrid for Real MPG, achieving 84.2% of the claimed figure.
The five worst were:
1) Mercedes-Benz C-Class C350e
2) BMW 3 Series 330e
3) Volkswagen Golf GTE
4) Mitsubishi Outlander PHEV
5) BMW 2 Series Active Tourer 225xe
The five best were:
1) Lexus GS 450h
2) Toyota RAV4 Hybrid 2WD
3) Toyota Yaris 1.5 VVT-I Hybrid
4) Kia Niro 1.6 GDI Hybrid
5) Toyota C-HR 1.8 Hybrid
Honest John’s managing editor, Daniel Powell, said: “This is the most comprehensive study into hybrid fuel economy ever carried out.
“While these models are advertised with lofty MPG figures that appeal to cost-conscious drivers, our research shows that on-the-road economy is somewhat different.
“Given that car buyers are being urged to replace their petrol and diesel cars with new low emission hybrids, we think more needs to be done to ensure drivers get a fair deal.”
Land Rover and Mini top JD Power customer satisfaction study
Automotive research specialist, JD Power, has announced the results of its latest Customer Service Index (CSI) Study.
Land Rover ranked highest among premium brands for the second consecutive year, followed by Volvo and Mercedes-Benz.
Mini ranked highest among volume brands, followed by Honda and Kia.
Josh Halliburton, vice-president and head of European operations at JD Power, said: “These results illustrate the importance of developing passionate advocates, not only for the product but also for the dealership, when trying to attract younger people as new customers.
“Recommendations among customers in this group are far more important than dealership advertising, promotional materials or coupons.”
The 2018 UK Customer Service Index Study is based on data collected from 7,899 respondents who registered their new vehicle between February 2015 and April 2017.
Overall scores, based on a 1,000-point scale, were up 12 points on the previous study.
Land Rover Defenders targeted by organised criminal gangs
NFU Mutual says Land Rover Defenders are being targeted by organised criminal gangs as part of a countryside crime wave.
The firm, which underwrites more than £1bn in annual insurance premiums for UK rural communities, has paid out claims for almost 500 stolen Defenders since 2016.
The off-road vehicles, reportedly a favourite of the Queen, have become increasingly sought after since production ceased two years ago.
Farmers are frequently finding them with the bonnets, doors and wheels removed, or gone altogether.
Luxury 4x4s, like Range Rovers, are also being targeted, with criminals often attempting to hack their keyless entry systems.
NFU Mutual, working with the National Vehicle Crime Intelligence Service, has traced stolen Range Rovers as far afield as Africa and the Middle East.
According to the Office for National Statistics, 89,000 vehicles were stolen in England and Wales in 2017, a 56% increase on the previous 12 months.
Clive Harris, agricultural vehicle specialist at NFU Mutual, said: “Thieves are deploying a range of tactics to feed demand for classic and modern 4x4s from criminal gangs operating around the world.
“People in rural areas are feeling increasingly vulnerable and farms, which rely on 4x4s for mobility as part of their business, are left particularly hard hit.”