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 … [Read more...]
Grey fleets are showing up as the colour of money
A worrying trend is accelerating with companies and employees' cars. New HMRC data shows a marked fall in company car numbers of up to 80,000 cars and it means that grey fleets are growing quite rapidly and suggests more drivers decided to take a cash option during the pandemic, said Fleet Check managing director Peter Golding (below). If they are now … [Read more...]
Fleet data tracking essential to businesses
Fleets are being urged not to reject the use of telematics despite the rise of manufacturer connected cars which risk leaving essential gaps in fleet management data, says RAM Tracking. While connected cars feature advantages such as the information coming directly from the vehicle, avoiding the need for a black box or other tracking device to be fitted, … [Read more...]
Charger availability will be 98% worse in 2031
Finding an electric car charger in 2031 will be 98% harder than it is today, according to a GoCompare Car Insurance. This emerges despite the ban on new petrol and diesel car sales, which is set to come in from 2030, highlighting that the country’s infrastructure may struggle to accommodate electric vehicles. Last year, there were 266 electric vehicles … [Read more...]
UK not ready for big switch onto electric cars, report
More than 6.5 million electric vehicles (EVs) have been sold worldwide, and that number is set to grow due to the phasing-out of the sale of new petrol and diesel cars from as soon as 2025 (Norway), with the UK targeting 2030 and the 27 EU member states EU aiming for 2035. In anticipation of this, personal finance guidance and comparison website Forbes … [Read more...]
Auctions still doing well in recession
Despite the challenges currently facing the automobile industry, the auction market is in a positive state. Supply and demand have been stable for the last month, with summer soon to draw to an end. "We are expecting that September will see a steady surge as customers return from holidays, boosting the market”, commented Paul Hill, National Association of … [Read more...]
Orders open for ID.Buzz Cargo
Order books for the new all-electric ID. Buzz Cargo are officially open with prices from £38,125 or just £479 per month. Customers can choose between two trim levels that offer business-ready practicality, advanced connectivity, and driver assistance systems: Commerce and Commerce Plus, both fitted with a 77kWh lithium-ion battery and electric motor … [Read more...]
EVs to become dominant in three years
Electric models will dominate fleets in three years, managers have told researchers for Arval Mobility. Just half (50%) of vans and a little over a quarter (28%) of UK company cars are predicted to be using petrol or diesel power alone by 2025, research from the latest Arval Mobility Observatory Barometer shows. Fleet and mobility decision makers were … [Read more...]
Tradelines 10 August
ATS Euromaster has seen the requirement for its mobile tyre service increase rapidly over the last two years. The tyre and maintenance provider said the pandemic, which saw a rise in home delivery, as a contributory factor for soaring fleet demand and ATS Euromaster attends 9,000 jobs a month on average. The Car Wash Association has written to the … [Read more...]
Breaking the EV myth of franchise dealers
The idea that franchise dealers are required more for electric vehicle service, maintenance and repair than their internal combustion engine counterparts is a “myth”, shows new research from epyx. Statistics taken from its 1link Service Network platform, used to manage SMR for more than four million company vehicles largely operated by leasing … [Read more...]
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