Action is needed to improve electric vehicle residual values, as the financial exposure of fleets continues to grow, FleetCheck is warning. Peter Golding, CEO at the fleet software specialist, said that while there was strong evidence that used EVs were now selling faster, prices remained stubbornly low. “The used market has reached a position … [Read more...]
Finance News
Used car dealers lack customer contact & miss sales
Having no means of calling the dealer is the number one “sale blocker” for used car buyers, according to new research. Carried out for the RAC Dealer Network and its aftersales partner Assurant, data shows almost half of those surveyed (47%) said the inability to speak to someone “easily and readily” about a car for sale would put them off progressing the … [Read more...]
Chancellor warned over tampering with EV support
The chancellor should be careful to avoid hampering ongoing fleet electrification in next month’s Budget, FleetCheck is warning. Peter Golding, CEO at the fleet software specialist, said that preferential tax treatment had been the prime motivator of electric company car adoption – and that negative tax changes could similarly lead to a loss of … [Read more...]
UK cars now average 10 years old on roads
The average car on Britain’s roads is now close to 10 years old – the oldest figure recorded, according to a new analysis of the national car parc. In response, Warrantywise has used its market-leading Reliability Index – one of the UK’s most comprehensive measures of real-world vehicle dependability – to reveal the top ten most reliable used cars aged … [Read more...]
Newslines 3 November
This morning, the Welsh Cabinet Secretary for Transport and North Wales, Ken Skates and the First Minister of Wales, Eluned Morgan, will visit Merthyr Tydfil Bus Station to launch £1 bus fares for 5–15-year-olds. This rollout is an extension of the 16–21-year-old pilot scheme that was launched in September, as part of the Welsh Government Draft Budget … [Read more...]
Pavement charging of EVs gets boost
It is going to be easier for new EV owners to charge at home under Government plans designed to make it better for those without off-street parking to charge their electric vehicle. It will launch a consultation on removing planning permission currently needed for those without driveways to install cross pavement charging gullies and wants to mandate charge … [Read more...]
Car insurance fraudsters scary crime
There has been a scary rise in so called ‘Ghost broking’. This is where fraudsters pose as car insurance brokers and the crime is on the rise, leaving hundreds of victims up to £1,300 poorer and potentially without any insurance cover. Data obtained from the National Fraud Intelligence Bureau via a Freedom of Information request submitted by Compare the … [Read more...]
Electric cars’ tyres are wearing sooner
Price differences between electric and internal combustion engine (ICE) company car tyres are persisting, new data from epyx shows. In September 2023 – the average price of an ICE tyre was £168 while an electric equivalent was 32% more at £222. By August this year, the ICE tyre had risen to £187 while the electric tyre was £246 – still a difference of … [Read more...]
Renault owners’ data leaked
Renault has been forced to notify an unspecified number of customers that threat actors may have compromised their personal data. A notice posted to X (formerly Twitter) by security researcher Troy Hunt said a supplier was targeted in the incident. “We are very sorry to inform you about a cyber-attack on one of our third-party providers, leading to some … [Read more...]
Improved Toyota bZ4X comes in January
When it arrives in the New Year, the heavily revised Toyota bZ4X will be priced from £39,995 to £51,545. Orders open on 3 November; customer deliveries to commence in January. Now there will be two new battery options – 57.7 and 73.1 kWh which effectively give long or shorter range to suit buyers' needs but the comprehensive powertrain revisions deliver … [Read more...]
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