Tag Archives: Golf

2018 Sees Fall In UK New Car Market

Ford Fiesta Unfortunately, 2018 has not been a particularly good year for some motor traders involved in the sale of new cars as, according to information published by the Society of Motor Manufacturers and Traders (SMMT), there has been quite a fall in the number of new cars registered when compared with the previous year.

In 2018, there were 2,367,147 new cars sold here in the UK whilst in 2017 there were 2,540,617. That is a fall of 173,470 with this representing a drop of 6.8%. Obviously these figures are concerning but let us break them down a little further.

Volkswagen GolfFor instance, what really does stand out is the huge drop in the number of motorists who still chose a new car fuelled by diesel. In 2017, there were 1,065,942 yet in 2018 this had fallen by 315,777 to 750,165. That is a drop of 29.6%. New petrol cars saw an improvement with 1,475,712 new petrol cars sold in 2018 compared to 1,357,782 in 2017 – an increase of 8.7%. New AFVs saw an impressive performance in 2018 with 141,270 being sold whereas in 2017 the figure was 116,893 – that is a rise of 20.9% and it will be interesting to see if we see their popularity continue to grow in 2019. We are certainly seeing an increasing number of AFV charging points in various locations around the UK.

Vauxhall CorsaThe figures for the market share of new diesel, petrol and AFVs are also interesting with the market share for diesel cars dropping from 42% in 2017 to 31.7% in 2018, the market share for petrol cars increasing from 53.4% in 2017 to 62.3% in 2018 and the market share for AFVs increasing from 4.6% in 2017 to 6% in 2018.

So, what were the top 5 best selling new cars in 2018?

  1. Ford Fiesta 95,892
  2. Volkswagen Golf 64,829
  3. Vauxhall Corsa 52,915
  4. Nissan Qashqai 50,546
  5. Ford Focus 50,492

It is pleasing to see Ford featuring in the top 5 with two of their models and Vauxhall with one.Ford Focus

If you are looking to replace your car then why not get in touch with us here at AIB Insurance on 02380 268 351 and, having discussed your requirements, we will gladly obtain a competitive car insurance quotation from our extensive panel of closely vetted insurers. Over the years, we have possibly arranged cover on most makes and models of cars.

Running A Car Gets More Expensive For Young Motorists

Young Driver Keeping a car on the road has always been a costly thing to do but is particularly expensive for young drivers who tend to be faced with having to pay more for their car insurance than the more mature driver. Research by the price comparison website Compare The Market has revealed some interesting statistics in this respect.

Apparently, as at September 2018, the average annual cost of someone aged 17 to 24 running a car was £2,442. That figure has gone up in the last 6 months by an average of £60 per annum. In the last 2 years it is concerning to read that the average cost of a young motorist running a car has gone up by in excess of £140 per annum.

The average cost of a young driver insuring a car has risen to £1,324 per annum meaning that insurance costs make up over 50% of running a vehicle. Fortunately, car insurance premiums have been falling in recent months –since February 2018 premiums have dropped by an average of not far off £24 per annum.

Another factor that has added to the increase in the cost of running a car is the increase in fuel prices that we have seen at petrol stations here in the UK. In the space of 12 months this has risen by an average of 9.9% to £891 per annum.

Other things taken into account in the average cost of running a car are Road Tax at £115, breakdown cover at £56 and MOT at £54.

The 5 most popular cars owned by young motorists are: –

  1. Vauxhall Corsa
  2. Ford Fiesta
  3. Volkswagen Polo
  4. Renault Clio
  5. Volkswagen Golf

It was found that the cheapest car to insure by a young motorist was the Dacia Sandero at an average of £882 per annum. As you can see, this is significantly lower than the average cost of insurance. This was closely followed by the Fiat 500 at an average of £898 per annum to insure.

It should be borne in mind that the above figures do not take into account young drivers who need to arrange finance to fund the purchase of a vehicle. The monthly outlay in this respect can be quite significant.P Plates

The motor insurance market is extremely competitive here in the UK with numerous insurers providing cover ranging from standard car insurance to telematics cover and even pay per mile insurance. Unfortunately, not enough people bother to shop around for their cover such as when they receive their renewal notice from their existing insurance company. If they did then some may find that they could have got the same level of suitable cover but for a lower premium.

So, if you are looking for car insurance either for the first time or if your existing policy is coming up for renewal, why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with a knowledgeable member of our team who will discuss your requirements and obtain a competitive quotation from our extensive panel of insurers for your perusal without any obligation.