Budget confirms cash back for your old banger!

Welcome news for car dealers and motor traders in yesterday’s UK budget, the government has introduced the much touted vehicle scrapping scheme. Starting in May motorists who own a car that is more than 10 years old will receive £2,000 to trade their car in for a new vehicle.

Typically new cars are cleaner, more efficient and emit less CO2 than older cars. This move has a double benefit for the environment and to ease the economic situation in the hard pressed motor trade industry.

Motor Traders are encouraged by the new scheme, if the scheme has the same effect as the similar arrangement in Germany it will bring much needed impetus to the new car market.

For Motor Traders whether you buy, sell, service or valet vehicles we can get you a cheaper trader insurance policy. To get immediate cover and the option of ‘pay as you go’ on your motor trade policy - visit iQuote Insurance for your Motor Trade quote.

5k Cashback on electric cars

The vehicle scrapping scheme being planned for rollout on UK vehicles, is already expected to offer users up to £2,500 off the price of a new vehicle when swapping in your old banger. However it is expected that the government will announce (in the budget) up to £5,000 off an electric car when you trade in your old motor.

This bold move has a dual benefit, not only will this promote environmentally friendly motoring, but it should also give a much needed boost to the beleagured motor trade industry. Gordon Brown hopes that this incentive will help establish the UK as a leading producer and consumer of cutting edge eco-friendly vehicles.

However you will have to be keen to ensure you can get one of these deals as there will be a £250 million fund for this scheme, which will be administered on a first come, first served basis. With the announcment of this scheme imminent, car makers are racing to develop the vehicles to sell under this scheme.

For car dealers whether you sell conventional fuel, hybrid drive or electric vehicles we can save you money on your motor trade insurance. With introductory discounts and expert advisors, get a cheaper motor trade quote with iQuote Insurance.

The scheme to replace existing vehicles with eco-friendly cars is part of larger vision which includes creating green cities with readily available electric car charging points and the plan to create hundreds of thousands of jobs in the green motor trade sector.

Clear views with HGV’s that are spray free

A new type of mud flap could be set to make HGV spray a thing of the past on Britain's motorways. This new product in independent testing has reduced the amount of spray generated from Lorries by 40%.

The mud flaps have vertical vanes on the surface which help to disperse the water, without forming spray clouds which can blur or completely obscure vision; albeit briefly. The reduction in spray is not the only benefit, there is also a reduction in drag which improves fuel economy by approximately 2% - a significant benefit on a 44 tonne HGV.

The increase in visiblity when following a Lorry fitted with the new mudflaps at 56mph is 40% making safer driving for both vehicles. iQuote Insurance encourage safer driving and will save you money on your HGV Insurance Quote. To find out more about our Haulage Insurance, contact us and speak to an expert advisor.

UK to become centre for Electric car production

Nissan and GM are on the verge of committing to build ground breaking electric cars in the UK. The zero emissions vehicles would save existing jobs and could help create additional jobs, if the current trends towards electric vehicles continues.

This is positive news for the Motor Trade in this country, who have seen reduced footfall through their showrooms and slow vehicle sales in 2009.

Nissan are currently assessing their Sunderland factory as a site for manufacture of 50,000 electric cars per year. The companies goal is to become the world leaders in high volume electric car production. Whilst General Motors are considering manufacturing their latest electric cars on Merseyside.

For Car Dealers, whether you sell petrol, diesel, hybrid or electric vehicles - a Motor Trade Insurance policy with iQuote Insurance could save you money.