Motoring News Bulletin

May 25, 2005 (PRLEAP.COM) Business News
Don’t Break the Bank… or the Law

Up to 10% of drivers have lied during a car insurance application, according to research released by RAC Financial Services.

The most common untruth is that the car is kept more securely than it is. Others involve under-estimating the car value, lying about its performance or giving the wrong address. All of these are intended to save money by lowering insurance premiums.

This can be a false economy however, as many insurance policies will be invalid if the details given are incorrect. It is possible to save money by shopping around and comparing cover - companies like QuoteA will do this on your behalf.

Lease of Life for MG?

The MG TF roadster could survive the recent collapse of MG Rover and go back on sale later this year.

Chapman Automotive, a group created by a former Lotus designer and partners, is in the final stages of a bid to buy the rights and manufacturing equipment for the two-seater from MG Rover administrators PriceWaterhouseCoopers. The group says its bid is backed by a consortium of investors including an overseas manufacturer, a US investment fund and a wealthy entrepreneur.

Green is the New Black for 2006

Saab could introduce cars run on environmentally friendly bio-ethanol to the UK as early as next year, claiming interest in the cleaner fuel is gaining momentum. Until now, Saab claims, there has been no realistic prospect of these cars arriving in the UK, because there's not sufficient tax support or re-fuelling infrastructure. However, since it showcased the cars in Sweden recently, the manufacturer says it has had a number of positive discussions which are likely to result in the cars arriving here in 2006.

Dealers’ Insurance under Scrutiny

The Financial Services Authority is enlisting the help of trading standards officers to audit car dealers around the UK later this month to ensure they are complying with new regulations governing the sale of motor insurance products.

QuoteA.co.uk are pleased to be regulated and approved to sell motor insurance by the FSA and welcome this raised level of scrutiny in our marketplace – it can only serve to improve consumer confidence.

Long Hot Summer

April sales of motorbikes were up 7% on last year, continuing bucking the trend experienced by the rest of the motor industry. New car registrations are down 4% despite a marked increase in the small car market - in particular the premium models such as BMW 1 Series and Audi A3 which are up by more than 40%.