Lexus Sc400 Sc300 Nakamichi Amplifier Trunk Mount 86280-24190 on 2040-parts.com

Car insurance premiums 'too high'

CAR INSURANCE premiums are too high and should be reduced through far-reaching reforms, the competition watchdog said today. The Competition Commission believes that too many drivers are footing the bill for unnecessary costs incurred during the claims process following an accident. These costs are initially borne by the insurers of at-fault drivers, but they feed through into increased insurance premiums for all drivers.

Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Young drivers 'can't fit a spare wheel'

AS MANY as 11 out of 20 young people in the 18-24 age bracket admit to not knowing how to change a car tyre, according to a new survey. The data, released by IntelligentCarLeasing.com, will stoke the flames of animosity among older drivers by indicating that the majority of young drivers are operating without basic practical motoring skills. Young men are more confident that they know how to install a spare, with 57.1% claimed they could do so.