Almost a quarter of fleets (23%) say they expect to lengthen their company car lease contracts because of growth in home working, according to new research. The 2023 Arval Mobility Observatory Barometer found that the move towards contract extensions is more pronounced among larger companies with more than 1,000 employees (38%) compared to the smallest with … [Read more...]
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...]
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...]
Fleets warned of possible Chinese burn
Fleets need to check new entrant Chinese manufacturers for credibility before committing to buying their vehicles, FleetCheck is warning. Peter Golding, managing director at the fleet management software company, said that electric vehicle manufacturers from China were undergoing a period of rapid consolidation, and that some were likely to export simply as … [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...]
Motorists expect higher costs in 2024
Motorists expect the cost of running their car to continue to rise across all major areas of spending in 2024, new research shows. October’s new Startline Used Car Tracker shows that 70% think congestion zone charges will rise and the same percentage expect service and maintenance to increase. Other costs expected to go up include motor insurance (67%), … [Read more...]
EV vans confusion needs clarification
Ongoing confusion over regulations surrounding 4.25 tonne electric vans mean that the Association of Fleet Professionals is urging fleets to “step up” lobbying of the Office for Zero Emissions Vehicles and the Driver Vehicle Standards Authority. In 2019, a special concession was created by the Department of Transport (DFT) for electric vans. Normally, an … [Read more...]
Disabled drivers obstacles to evs and charging
Britain’s gradual move to more electric vehicles and charging will be a challenge for disabled drivers in particular, said one leading provider of mobility solutions. Andrew Miller (right), chief executive of Motability Operations, told members of the BVLRA at their annual meeting that his business had already moved more than 34,000 people into … [Read more...]
Green motoring u-turn is sickening says industry
Applying the brakes to the 2030 electrification deadline by the Government is a poor and insincere reflection on the needs of business and the environment, according to the head of Britain’s fleet professionals. Paul Hollick, chair of the AFP, said, “This is a crucial subject where massive investments have been made and is not just something that should be … [Read more...]
Warranties out of step with reality, says software specialist
Car and van lease contracts and warranties should be extended to align with the new real world fleet replacement cycles that have emerged following the pandemic, reports FleetCheck. The fleet management software specialist says that cars across its user base are now generally being operated for close to five years compared to 3-4 previously, while vans have … [Read more...]
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