Eight out of ten business employees who currently opt out of a company car scheme are ‘likely’ or ‘very likely’ to move back to company cars and these will be electric, according to a survey by DriveElectric, one of the UK’s leading EV leasing companies. The return to company cars rather than employees taking car allowances is being driven by a number of … [Read more...]
Finance News
Innovation will influence exhibits at CV show
With a strong move towards electrification alongside the full range of road transport, distribution and logistics supply businesses attending the Commercial Vehicle Show, a host of innovative powertrain options will be unveiled to the public at the NEC Birmingham, 28-30 April 2020. The UK-based manufacturer LEVC will display its new all-electric van for the … [Read more...]
Tradelines 26 February
The new DBX SUV has been given the Q-treatment of bespoke luxuries and features by Aston Martin. The Welsh-made luxury car will be shown in its latest Q-code design at next week’s Geneva motor show. Volkswagen's adding a range-topping premium model to its flagship Touareg line – the Touareg R. The versatile model’s 340 kW (462 PS) plug-in hybrid drive … [Read more...]
Newslines 24 February
Compare the Market analysed the monthly fluctuations in the cost of motor insurance over the last seven years and found that prices are lowest at the start of the year before steadily rising and spiking in December. The data found that the average premium for car insurance was the cheapest in February at £629, compared to £666 for the rest of the … [Read more...]
Car sales tumbling across Europe after good December
European new-car sales fell 7.4 percent in January after changes to emissions rules and consumer-incentive programs hit demand. Registrations dropped to 1.135 million vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, industry association ACEA said yesterday and reported by Automotive News … [Read more...]
Brexit’s been good for some in automotive sector
The UK transport industry has seen earnings on its investments in the EU rocket by more than 400% since the Brexit vote, the latest Office of National Statistics has revealed. UK transport trade earnings from investments in the EU rose from £177 million in 2015 to £1billion three years later – up 476% compared with before the vote. Firms involved in … [Read more...]
Fleets need to prepare for EV charge in demand
Fleets of all sizes will need support through a potential “sudden 2020 influx” of electric vehicles that is likely to create a vacuum of expertise, says FleetCheck. The fleet software specialist says that the new zero per cent benefit-in-kind tax rate, the availability of a wider range of models and the momentum created by the Government’s 2035 announcement … [Read more...]
Used dealers struggle with booming evs
The rise in used electric cars threatens to leave some dealerships flat, say analysts. A potential “charging crisis” could soon emerge among vehicle remarketing companies as electric vehicles start to make their way onto the used market in larger numbers, says the Vehicle Remarketing Association. The industry body, which represents businesses that handle, … [Read more...]
More buyers looking at used cars
It is positive to see that the used car market grew in the last quarter of the year, said Sue Robinson, Director of the National Franchised Dealers Association. The used car market saw a growth of 2.4% in the last quarter of 2019 with 1,804,343 transactions. Overall in 2019, the used car market finished almost on par with the previous year with a marginal … [Read more...]
Dacia to fit tax cutting LPG engines
Gas is back for cars. Dacia is launching a new factory-fitted dual-fuel solution across its range of award-winning Duster, Sandero and Logan models, the only manufacturer in the UK to do so. The all-new 1.0-litre turbo Bi-Fuel 100 engine combines petrol and LPG fuel to deliver reduced fuel costs, lower emissions and improved performance without … [Read more...]
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