The remarketing sector will face “many headwinds” next year but a wide range of opportunities remain, the Vehicle Remarketing Association’s annual seminar was told. The event, which took place at The Slate, Warwick University, was attended by almost 200 delegates and looked at the subject of “2024: The Year Ahead in Remarketing.” Philip Nothard, chair at the VRA, said, “Speakers at the event … [Read more...]
EV toll-tax opposed to encourage greener motoring
More than half of motorists are against a new proposal to make electric vehicle drivers pay six pence per mile to counter a tax shortfall compared to petrol and diesel cars. July’s Startline Used Car Tracker shows 55% believe such a move would not be fair while 40% say that EV tax should be kept low by the government in order to encourage take-up. Also, 22% don’t like the idea of road pricing for … [Read more...]
Vehicle leasing costs rising & more to come
Higher Bank of England interest rates mean that company car and van lease costs are beginning to increase, reports the Association of Fleet Professionals. Denise Lane, board director at the industry body, explained that the increases were not uniform across the market but widely reported by AFP members and especially appeared to be affecting vehicles already on order. She said, “Businesses are … [Read more...]
Lenders worried over extension of deferred loans
Helping customers through this difficult period remains a priority for lenders, but with more parts of the economy reopening, lenders also have a responsibility to transition customers back to regular payments where possible, said Stephen Haddrill, Director General of the Finance & Leasing Association. Commenting on the publication of new proposals from the Financial Conduct Authority to … [Read more...]
Newslines 16 June
Britain’s first end-to-end online car maintenance service provider revealed national survey results which show that UK drivers have not prepared their vehicles for summer holidays. Results from a national Fixter survey shows that 70% of Fixter customers are planning to spend their holidays in the UK this year and will rely on their cars for road-trips and stay-cations but 69% of survey … [Read more...]
Tradelines 3 May
Dacia has announced UK pricing and specification for its New Logan MCV Stepway which was unveiled at the Geneva Motor Show in March. The distinctively rugged version of the New Logan MCV Stepway follows in the footsteps of the New Sandero Stepway and the fifth member of the Dacia UK range is priced from £11,495 with first customer deliveries expected in June. The Bank of England is reported … [Read more...]