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Motor Trade Insurance News

VW Settles UK Dieselgate Scandal

Seven years after the ‘Dieselgate‘ scandal erupted worldwide, Volkswagen (VW) has finally settled claims to English and Welsh drivers totaling some £193 million. More than 91,000 owners of diesel vehicles signed up to the court action, with the final result seeing most receive over £2,000 in compensation. London’s high court has subsequently dismissed the proceedings […]

Why Tesla Stock Is Plummeting in 2024?

Once hailed as an unstoppable force in the motor trade sector, Tesla is now facing some turbulent times, grappling with challenges ranging from broader economic shifts to internal leadership issues. The year started with Tesla igniting an electric vehicle (EV) price war in China, triggering a domino effect reverberating through Chinese EV motor manufacturing companies […]

Record Car Sales!

February 2016 was a terrific month for the UK motor trade, with an astonishing 8.4 percent growth in sales compared with the figure a year earlier. Consumer confidence has definitely returned after the Volkswagen (VW) emissions scandal of late 2015, with sales showing no sign of slowing down.