Evidence appears to be mounting that used car prices are slowing. After a period of unprecedented rises data suggests that the used car market is at the very least stabilising. But should motor traders be fearing a crash in vehicle values? eBay Motors Group reports that average used car prices fell in March by 1.1%. Continue Reading…
New government proposals include ordering landlords to lease vacant shops that have been without tenants for over six months. In an effort to invigorate ailing high streets, community groups and small firms will be able to occupy empty retail units. The new measures will be implemented as part of the Levelling Up and Regeneration Bill. Continue Reading…
What is Conditionality? Starting from 4th April, private-hire drivers have to prove that they are signed up to HMRC and either paying or ready-to-pay tax in order to have their licences renewed. It is a ‘condition’ of being licensed and has been an overnight change to the taxi and private-hire industry. If you aren’t registered Continue Reading…
In 2021, 190,000 battery-powered electric vehicles (EVs) were sold in the UK. This was more than the five previous years combined, and nearly 1 in 8 of all new cars sold. In December 2021, over a quarter of all new cars sold in the UK were battery electric vehicles. The equivalent figure for 2019 was Continue Reading…
In a recent statement to LTDA members, General Secretary, Steve McNamara, said: “there has been a record number of new cabs sold and correspondingly, a high number of older cabs changing hands. Unfortunately, several cabbies, who were not members, bought cabs, one knowingly and one not, that had previously been written off by insurance companies Continue Reading…
The UK Government announced its ‘Homes for Ukraine’ scheme last week. More than 150,000 people have already registered as potential ‘sponsors’. If you’re considering making an amazing contribution to this initiative, what information might you need to check before hosting an Ukrainian refugee? Should landlords offering accommodation to refugees tell their mortgage lender and insurer? Continue Reading…
It’s already illegal to hold a phone or a sat nav whilst driving. More mobile phone rules are coming into effect from 25th March 2022. Many drivers may be wondering how these law changes will impact them? Taxi and private hire drivers will be particularly concerned regarding the use of Apps such as Freenow, Bolt, Continue Reading…
In 2020, the world stopped. The government lovingly came to our rescue. They gave businesses, such as car dealers, enough money to ‘furlough’ the workforce and prevent people from losing their jobs. Boris Johnson didn’t create a furlough scheme that discriminated between industries that were badly affected and those that weren’t. The furlough scheme wasn’t Continue Reading…
Looking to off load your used Ferrari for a quick cash injection but not sure what price you should be slapping on it? We answer the all important question – How do you price a used car? This blog is aimed at aspiring car dealers and those that sell the occasional vehicle. Hopefully a little Continue Reading…
Addison Lee tells Mayor Khan straight on new driving charges… “This isn’t the right choice for London”. London private-hire behemoth Addison Lee has asked London Mayor Sadiq Khan to put his money where his mouth is. The new net-zero plan Sadiq Khan recently announced a new charging scheme that will replace both the Congestion Charge Continue Reading…
