Data expert Cap HPI reveals that electric vehicles (EVs) are written off at less than half the rate of petrol and diesel cars.
The Financial Conduct Authority (FCA) has identified shortcomings in how some motor insurance firms are valuing written-off or stolen vehicles.
The Financial Conduct Authority (FCA) has found motor insurers need to improve how they treat vulnerable customers and handle claims, and end paying out low for write-offs
Motorists could face continued rises in electric vehicle (EV) insurance policy prices if carmakers fail to address batteries’ “unsustainable” performance in minor collisions.
Thatcham Research will lead a project focused on EV collision repair and salvage processes and their impact on insurance claims and associated costs.
Vcheck is calling for dealers across the UK to support its call for a change to the law around write-off data.
Research conducted among 2,000 motorists has shown that 90% of car buyers are more likely to make a purchase when if presented with accurate vehicle service history documentation, revealed HPI.
Car retailers in South Yorkshire have shown resilience with a series of rapid clean-up operations after a month’s rainfall fell in just one day last week – triggering severe flooding throughout the region.
Car dealers have been called upon to end unnecessary used vehicle stock value losses of up to 5% by creating a centralised national service history database.
The used car most likely to have both a write-off and finance warning against it is a Vauxhall Corsa.
Car dealers are failing to capitalise on the opportunity provided by the growing number of accident write-offs.
