The withdrawal of the Government’s plug-in hybrid grant will add about £2,500 to models and make them no longer commercially viable for many fleets, said Meridian Vehicle Solutions. It has taken the decision to operate its current plug-in rentals but not add further versions when they are due to be replaced. VW has introduced an old-diesel swapping … [Read more...]
BIK burden soars for company cars
Data experts cap hpi revealed the tax burden on company car drivers has soared over the last decade. The study looked at the popular fleet vehicle the BMW 320d SE and found that while the list price of the vehicle had risen by 23%, the BIK had risen 105% since 2009. In the same period, real wages have only risen 20%. The company is calling for the … [Read more...]
Newslines 22 October
Abolition of the Severn Tolls in mid-December is expected to raise the number of vehicles using the two crossings by six million in four years. It will then approach 24M annually and put additional strain on roads west of Newport and the result of a public enquiry into a southern relief road around the city is shortly expected. London taxi firm Addison … [Read more...]
Fleets unprepared for Brexit fallout
The fleet industry needs to start encouraging a sector-wide conversation about Brexit in order to make preparations, says Meridian Vehicle Solutions. Phil Jerome, managing director at the medium term rental specialist, said that he understood the current lack of dialogue given the ongoing absence of clarity about exactly what form leaving the EU would … [Read more...]
Changes to EV subsidies will hit consumers, say SMMT
Government’s decision to cut the Plug-in Car Grant will have far-reaching consequences for consumers, the environment and industry, said the Society of Motor Manufacturers and Traders. Reducing the purchase incentives for zero emission cars by a third and completely removing the grant for plug-in hybrids is totally at odds with Government ambition to be … [Read more...]
Releasing cuts costs not corners
A used car leasing product aimed at businesses and consumers has been launched by Arval in the UK. Called Arval Re-Lease, it is up to 20% cheaper than a new, equivalent model. The vehicles on offer are taken from Arval’s own fleet, have fewer than 30,000 miles on the clock and are less than 30 months old. They are also hand-picked to make sure they … [Read more...]
Thieves target leasing deals and users
The British Vehicle Rental and Leasing Association has been made aware of a spate of fraudulent activity, where scammers are advertising bogus vehicle leasing deals on social media and are extracting money from unsuspecting customers. Using social media advertising, including Instagram, the scammers are posing as BVRLA members to lure in customers … [Read more...]
Car makers poorly prepared for new law
The European car market saw spectacular growth in August, recording the highest August result in the last twenty years. But this strong growth was artificial as registrations were boosted by stock clearances ahead of the introduction of tougher new emissions tests under the World Light Car Test Programme, or WLTP, on the 1 September. This is evidenced by … [Read more...]
Tradelines 26 September
The FitCar PPV ‘prototype #2’ is based on a standard Audi A4 Avant 2.0L petrol TFSI auto, with the throttle replaced by a bicycle pedal mechanism and mated to a flywheel, which generates an electronic pulse to engage the accelerator. The car is powered as normal, delivering manufacturer specification performance and economy, governed by an active … [Read more...]
Big is not always better for batteries
Matching battery size with vehicle use is crucial for the environment, reveals a new report from the Low Carbon Vehicle Partnership. It scotches the idea that a bigger battery is always better for a vehicle and says the important factor is likely use of the vehicle to better match performance and reduce emissions. A new study by Ricardo for the Low … [Read more...]
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