Fleets are increasingly seeking external advice to work through the implications of new tax regulations that will take effect from April this year, reports Arval. The vehicle leasing and fleet management company says that the headline changes – affecting Benefit in Kind for drivers entitled to a cash option or a company car, salary exchange schemes and … [Read more...]
Hiring
New higher tax will hit sales and registrations, say hirers
The new Vehicle Excise Duty regime will hit the car rental industry with a 400% tax rise, damaging its ability to purchase the newest, cleanest vehicles and provide affordable mobility to millions of customers. A new report from Oxford Economics, commissioned by the British Vehicle Rental and Leasing Association, has found that the rental sector will be … [Read more...]
Overloading vans hits economy more than appreciated
An increase in fuel consumption of more than 20% between an unladen panel van and the same vehicle with 75% of its maximum payload has been recorded by Arval. The controlled trials were designed to underline the importance of ensuring that LCVs are only carrying the load needed on any given journey. A popular SWB panel van was driven in controlled … [Read more...]
New MoT plan will be bad for vans, says industry supplier
Concerns over safety mean that vans should be excluded from the Government’s new consultation on extending the first MoT to four years. So believes FleetCheck, one of the UK’s leading fleet software and management companies, which is planning to make an official submission to the Department for Transport The Government has asked for industry feedback … [Read more...]
Medium term rentals expected to rise in 2017
A growing mood of caution among businesses is likely to lead to a boost in demand for medium term rental during 2017. Phil Jerome, managing director, at Meridian Vehicle Solutions, said that the possibility of an economic downturn would make more flexible arrangements increasingly attractive. He said, “The effects of Brexit are so difficult to forecast … [Read more...]
New Honda Civic promises stronger residual value
Honda UK announced residual values and a full pricing list for the 10th generation Civic coming in late March. Starting from £18,235 on the road for the entry level S grade 129PS VTEC TURBO in manual, the range tops out at £27,480 on the road for the 182PS VTEC TURBO Prestige with a CVT transmission. Metallic paint is an option and adds £525 to the … [Read more...]
Ford is favourite in Wales
The Ford Fiesta is favourite in Wales. Leasing Options, a vehicle leasing company, analysed Google Trends data to discover the country’s favourite car and the little Ford came out first. The research reveals that Ford is the nation’s favourite car make, with the most popular models being the Ford Fiesta, Ford Focus and Ford Transit … [Read more...]
Tradelines 19 October
GKN Driveline will showcase its leading contemporary and electrified driveline technologies - making passenger cars lighter, more fuel efficient and better to drive - at the International Suppliers Fair (IZB) this month. GKN will demonstrate its latest technologies across eDrive, all-wheel drive and two-wheel drive vehicles at the show in Germany between … [Read more...]
Next growth area for PCPs will be tourers and motorhomes
Staycations or stay-at-home holidays in the UK are set for a boost with, for the first time, PCPs becoming widely available in the motorhome and touring caravan market. According to vehicle data provider Glass’s, the finance product, which has revolutionised the new car market in recent years, will make leisure vehicles much more affordable and … [Read more...]
End of the road for fleet managers
Once hailed as the guardian of the company car, the traditional fleet manager is now an endangered species, especially in the small business sector, as the resource intensive role becomes difficult to justify from a cost efficiency point of view. According to a new report - Modern fleet management and the drive to reduce costs - from CBVC Vehicle … [Read more...]
