Over half of UK dealers (53%) plan to stock alternative fuel vehicles in the next five years, according to research from Close Brothers Motor Finance’s Dealer Satisfaction Survey. Positively, almost three in ten (29%) car dealers already stock AFVs. And for those who already have stock, two thirds (64%) plan to increase it and a quarter (24%) plan to … [Read more...]
Finance News
Tradelines 15 April
Ford is preparing for a $600M loss in the first three months of 2020 due to sales slowdown in the shadow of the global coronavirus. It’s already secured credit facilities and has a $30B reserve to cover most eventualities. New service and maintenance procedures at Arval UK have been adapted in a matter of days to keep essential fleets available 24/7 during … [Read more...]
Lockdown legalities for fleets & users
The handing back of company car and van keys or fobs to employers in order to avoid benefit-in-kind taxation during the coronavirus lockdown needs careful management, the Association of Fleet Professionals has warned. There remained both pertinent questions for HMRC around the issue and a range of potential practical problems to resolve, explained co-chair … [Read more...]
Call for rip off insurance renewals to be outlawed
Drivers want legal steps to be taken to put the brakes on rip-off car insurance renewal pricing. According to the GoCompare Car Insurance study, 4.7 million drivers3 were caught out by the auto-renewal trap - where their insurer auto-renews their policy for another year if they haven’t checked for a better deal. The practice … [Read more...]
Newslines 11 April
The Covid-19 lockdown has reduced traffic on the roads and the number of accidents but has also brought an increase in speeding, according to data from My Policy Group, the telematics and data analytics business. This is a cause for concern as increasingly erratic driving behaviour could contribute to a rise in road traffic accidents, at a time when … [Read more...]
Newslines 10 April
Nissan wants $4.6 billion from major lenders to cushion the impact of the coronavirus pandemic. It’s been hit by falling demand, management shake ups and now the global effects of the coronavirus on production lines after years of expansion. Worried executives in the German car industry want the Government to lift the lockdown on dealerships now … [Read more...]
Kia XCeed Edition turns new page for spring
Kia is turning up the brightness with its latest addition to the XCeed range. The new XCeed Edition is available in three bold, premium metallic paint finishes, including ‘Blue Flame’, ‘Quantum Yellow’ and ‘Lunar Silver’, all at no extra cost. The XCeed Edition is a new addition to the sporty CUV line-up, and features 18-inch alloy wheels, rear privacy … [Read more...]
Coronavirus hits over 1.4M vehicles
Over 1.4M new vehicles have been lost to production shutdowns across Europe as the Coronavirus develops. Factory shutdowns as a result of the COVID-19 crisis have resulted in lost production amounting to 1,465,415 said the European Automobile Manufacturers’ Association. This figure – covering passenger cars, trucks, vans, buses and coaches – is up from … [Read more...]
Guidance for garages seeking rates relief
The Independent Garage Association has released guidance for members on how they can appeal business rate relief from their local council. Stuart James, IGA Chief Executive said,“We have spoken with many garages throughout the escalation of the coronavirus pandemic, and access to this rate relief makes a difference to the length of time their business can … [Read more...]
Cleaner and greener higher tech Insignia signs in
Vauxhall’s new Insignia is on sale from £23,120 and it's very good news for business drivers. With best in class CO2s and economy, the new-look Insignia uses a new range of fuel-efficient powertrains, revised technology and a bold and attractive exterior design. Vauxhall’s new Insignia consumes up to 18 per cent less fuel than the outgoing model thanks to … [Read more...]
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