As another lockdown leaves company car activity stalled in suspended animation, a new BVRLA report analyses the market and the long-term trends that will drive its destiny. With all but essential journeys banned and new car registrations slumping to a thirty-year low, the company car sector has entered 2021 as it spent much of 2020, in an artificial … [Read more...]
Insurance shock looming for latest car owners
Thousands of drivers could see their car insurance rocket if new uncapped data is used by insurers. Since 2009, Thatcham's Group Insurance Rating has placed vehicles into a 1-50 system by using a capped algorithm to help insurers determine the cost of cover. While there are no plans to replace the current process, raw data shared as a result of taking the … [Read more...]
Remobilise for return to normal business
Fleets need to be thinking about how they will “remobilise” their operations as the pandemic ends, says epyx. The company points out that, if the planned vaccination programme now underway is implemented rapidly, something approaching the new normal’s version of business-as-usual could materialise quite quickly. Debbie Fox, commercial director, explained, … [Read more...]
Sparks to fly over ev decision making?
An emerging combination of shortages in both new vehicle supply and fleet management skills could lead to “poor decisions” being made as businesses move towards electrification, FleetCheck is warning. Very long lead times – caused by factors including Brexit, the pandemic and slow production ramp-ups in the switch to EVs – were being magnified as a problem … [Read more...]
Newslines 12 January
Tesla takes the prize for selling the most EVs at 370,000 a year, or 42 per hour. Norway sells 261% more EVs per population than any other country and recenetly saw evs overtake sales of ICE models, while 58% of all passenger vehicles sold will be electric by 2040, compared to just 2.7% today, according to analysis reported by Moneyshake. Animal-free … [Read more...]
EVs on charge in collapsed UK market
The UK new car market fell almost a third last year with registrations dropping 29.4% to 1,631,064 units, according to the Society of Motor Manufacturers and Traders today. A -10.9% decline in December wrapped up a turbulent year, which saw demand fall by 680,076 units over 12-months to the lowest level of registrations since 1992. Against a backdrop of … [Read more...]
EVs attracting company car drivers
Employees who have previously taken cash options are returning to company car schemes in “noticeable” numbers thanks to electric vehicles, reports Arval UK.Shaun Sadlier, head of consulting at Arval UK, said this was something that was predicted when the latest zero and low benefit-in-kind rates for EVs were unveiled in 2019, but is now becoming increasingly … [Read more...]
Tradelines 9 December
Aston Martin is seeing “phenomenal” demand, with a rebound in China, said the company’s executive chairman and billionaire investor Lawrence Stroll. “Demand right now is phenomenal,” he told the Financial Times’ The Future of the Car digital conference, adding “China really returned first and strongest, and is gangbusters.” GKN Automotive is strengthening … [Read more...]
Fleets taking on more evs in business
New data from epyx suggests that 14% of cars and vans operated by fleets are now either hybrid or battery electric vehicles. The figure is taken from the company’s 1link Service Network platform, used by fleets totalling four million vehicles to buy and manage service, maintenance and repair (SMR) from nearly 9,000 franchise dealers, independent garages and … [Read more...]
Volvo XC60 range widens
Volvo's award-winning XC60 mid-size SUV is now available with a full range of electrified powertrains. The former World Car of the Year is offered purely with hybrid power, from mild-hybrid petrols and diesels to petrol-electric plug-in hybrids. Every mild-hybrid powertrain in the XC60 range combines a powerful 2.0-litre engine with a 48-volt battery and … [Read more...]
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