Petrol and diesel vans are likely to be used by fleets for rural journeys and motorways but business car users are most likely to rely on evs for any trip. Few businesses are considering the type of journeys being taken, for example – rural, urban and motorway – when electrifying their company car fleets, according to new research. The 2023 Arval Mobility … [Read more...]
Finance News
Fleet discounts driving slight rise in new car registrations
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the Society of Motor Manufacturers and Traders. The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8% to reach 87,479 … [Read more...]
Newslines 7 November
Polestar strengthens its commitment to reduce its carbon footprint through two strategic partnerships in the UK with Ohme as home charging partner and green energy provider, Octopus Energy. The three-way partnership will offer Polestar customers in the UK both cheaper charging at home and on the road together with the option to reduce carbon footprint … [Read more...]
Financial squeeze is cutting used car choice
The financial squeeze is starting to hurt car buyers. AA Finance said motorists are borrowing 5% less for used car purchases this year as the cost-of-living crisis bites. This time last year, the average loan would be enough to buy seven of the 10 most popular used cars but only four would be affordable after price rises were taken into account this … [Read more...]
Newslines 3 November
Mid and West Wales has the lowest ratio of car thefts to population in Britain, said Go.Compare. Its analysis of crime data reveals Dyfed-Powys police marked up just 0.49 thefts per 1,000 registered cars compared to the highest of 12.67 per thousand in Cleveland, with the Ford Fiesta the most stolen model. Around 60,000 vehicle owners a day are paying the … [Read more...]
Wales write-offs are lowest in UK
Have an accident in Wales and your car is less likely to be written off than any other part of Britain, according to the latest analysis. One in three (37%) UK drivers have had a car written off by an insurance company, with this rising to two fifths of men (41%), compared to a third of women (33%). In the Opinium survey of 2,000 UK drivers, for … [Read more...]
Cover insurance claims with facts
Walking the car insurance tightrope can be difficult since not all policies extend coverage to natural disasters or unforeseen events, like the recent floods caused by Storm Babet or the Luton Airport fire that damaged 1,500 cars. Storm Ciarán is forecast to bring 80mph winds and heavy rain to southern parts of the UK on Wednesday night until Thursday which … [Read more...]
Car makers call for push-back from cliff
In a letter to European Commission President Ursula von der Leyen, automotive industry leaders have joined forces to call for immediate action to prevent unnecessary tariffs being imposed on vital electric vehicle trade between the EU and the UK. With around two months to go until the current rules of origin (ROO) in the EU-UK trade and cooperation … [Read more...]
Transport for Wales investment attacked
The Welsh Government has been criticised for underwriting Transport for Wales to the tune of £125Million without any conditions. Commenting on the response to a Written Question from Labour’s Transport Minister, Welsh Conservatives Shadow Transport Minister, Natasha Asghar MS said, “The level of funding given to TfW without any monitoring is growing ever … [Read more...]
EVs price fall expected as fleets change
Second hand electric cars and vans are expected to dramatically fall in price as businesses contracts roll-over. According to independent transport research group New Automotive, companies now run around 475,000 electric cars, and 200,000 plug-in hybrids, most of which will be held for 2-4 years before being resold into the second-hand market for 50% of the … [Read more...]
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