Rate Gyroscope Gg1111aj07 Series T7 on 2040-parts.com

Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.

New cars can save drivers up to 25%

BUYING a new car instead of a secondhand one could save drivers as much as 25% on their motoring costs in the first year of ownership. These savings come from cheaper insurance, lower road tax costs, improved fuel economy and no MoT test. Comparing a brand new Volkswagen Golf with a five-year old model, the new car reduces the annual spend on motoring from £1689 to £1267, saving £422 in the first year of ownership.

Chery Shooting Sport concept

Chinese manufacturer Chery will be presenting the Shooting Sport concept at the Shanghai Motor Show this week. The Shooting Sport was designed and constructed by Torino Design in Italy, as with the recent Coupe and SUV shown at the Beijing Motor Show. The car is a compact, front wheel drive, four seater + luggage, three door 'wagon-coupe' offering space and flexibility.