The take home salary boost available to employees who are able to switch from a petrol or diesel to an electric company car could help counteract cost of living pressures for them, Arval UK is reporting. Joel Lund, who was appointed as Commercial Director in March, said that for a 20% tax payer with access to an electric vehicle (EV) via a company car … [Read more...]
Finance
Lexus sail in with a raft of updates
This year marks the arrival of two new landmark Lexus models: the all-new RX large luxury SUV and the RZ 450e, a new all-electric SUV. The RX is a core global model for Lexus and the new generation line-up will include a first plug-in hybrid version and a performance-focused model that uses a new parallel hybrid electric powertrain (below). The RZ 450e … [Read more...]
Fleets battered by wind of change
The new car supply situation for some fleets is worsening and remains extremely patchy for almost all, the Association of Fleet Professionals is reporting. Paul Hollick, chair, explained said that feedback from across its membership showed that serious problems were persisting and causing increasing operational disruption. “This is, of course, a worldwide … [Read more...]
New car sales slowing quicker than expected
The brakes have gone on hard for sales in Britain's car showrooms. UK new car registrations fell -24.3% in June, according to the latest figures released today by the Society of Motor Manufacturers and Traders with 140,958 new vehicles registered, the weakest June performance in 26 years. Volkswagen emerged top last month with 8.27% of share, Vauxhall … [Read more...]
Wales lagging in ev sales and bucks the UK trend
New UK electric car sales data shows the government’s ambitions for the electric vehicle transition doesn’t go far enough and Wales lags behind other parts of Britain. For the second month in a row, EVs were the only fuel type to grow the number of new cars registered and the share of the market. EVs now represent 1 in 6 of all new vehicle … [Read more...]
Insurance premiums rising again
The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com. Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021. Driving has become increasingly unaffordable, as … [Read more...]
Fully electric Genesis G80 begins at £65,000
Genesis Motor UK has revealed the full pricing and specification of its Electrified G80 saloon, the brand’s latest all-electric model following the launch of the GV60 and the recent unveiling of Electrified GV70. Electrified G80 is available exclusively in Luxury guise, with high levels of standard equipment, priced from £65,000. As with all Genesis … [Read more...]
Ultimate air b&b for F1 fans on show this weekend
As the home of British motorsport prepares to welcome record crowds at this weekend’s Grand Prix, new pictures have been released of the luxury residences currently being built just yards from Silverstone’s hallowed tarmac. Escapade Silverstone is an £80m development of two, three and four-bedroom residences next to the racetrack’s most legendary series of … [Read more...]
Energy costs crippling UK automotive sector
British automotive manufacturers are calling for urgent action on spiralling costs as new analysis from the Society of Motor Manufacturers and Traders reveals firms face a £90 million uplift in energy bills this year – equivalent to more than 2,500 automotive jobs – as costs surge by 50%. UK electricity prices are the most expensive of any European … [Read more...]
Newslines 1 July
The bus industry in Wales will receive a support package worth £48m to help recover from the impact of the pandemic and deal with emerging financial challenges, the Welsh Government has announced. The Bus Emergency package will provide ‘gap funding’ until the end of this financial year for bus operators to maintain the necessary bus services and … [Read more...]
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