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UK new car registrations: 20 months of growth

The Society of Motor Manufacturers and Traders (SMMT) has once again increased its new car forecast for 2013. The news comes off the back of the 20th consecutive month of growth, with new car registrations up 4% in October. Last month’s total of 157,314 registrations brings the total to 1,952,238 in 2013 so far, leading the SMMT to up its forecast from 2.22 million to 2.25 million.

Crash driver ran up £95k hire bill

A TRAIN GUARD ran up car hire bills of more than £95,000 after his £8,000 Mercedes was written off in an accident, a court has heard Sameer Umerji, from Bolton, Greater Manchester, entered into a credit hire agreement with a car rental firm which ran for around 18 months, judges were told. Detail has emerged in a written ruling by the Court of Appeal - after Mr Umerji and insurers became embroiled in litigation. One appeal judge, Lord Justice Underhill, said the car hire sum was "remarkable" given the value of the Mercedes.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.