New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height … [Read more...]
Finance
£1 Billion plan to support auto supply chain
The Automotive Transformation Fund is a programme that aims to establish a competitive and sustainable UK Supply Chain. It offers a share of up to £1 billion of funding for industrial research and capital projects to support the industrialisation of a high-value, electrified automotive supply at scale. This is an expression of interest (EoI) competition … [Read more...]
Key workers and unemployed hit by insurance costs
People unemployed and some ‘key worker’ professions face significantly higher car insurance premiums because of their job or employment status, according to new analysis by comparethemarket. A policy for someone who is unemployed was 40% higher than a comparative policy for an employed person, or 54% higher than an HGV driver which is the cheapest … [Read more...]
Thieves out to burst your holiday bubble
Wales-based comparison site GoCompare warns that fraudsters are targeting the boom in motorhomes and caravans. There’s been a dramatic rise in the number of insurance quotes for motorhomes and campervans as frustrated holidaymakers scramble to get away safely and independently. After months in lockdown at home people are eager for a change of scenery, but, … [Read more...]
Welsh drivers most eager to change cars
Drivers in Wales are the most likely in the UK to change their car despite the Covid-19 epidemic. A third of car buyers decided not to purchase this year due to the Covid-19 outbreak but the result vary across the country and Welsh drivers are most eager to change. A poll for the CarGuide website also showed a worrying national intention of 32% this year … [Read more...]
Tradelines 23 September
Peugeot has delivered 611 vehicles to 38 different Police and Fire services across the UK to support their daily operational needs. The latest delivery forms part of an order for over 1,500 new cars and vans by the 38 different authorities and include the all-new 208 and e-208, 308, 508, the multi-award winning 3008 SUV and 5008 SUV and Partner, Expert and … [Read more...]
Newslines 22 September
Sales of alternative fuel vehicles have overtaken diesel for the first time with 33,000 pure electric and hybrid cars registered between April and June, compared with 29,900 diesels, according to The Department for Transport. Research from Close Brothers Motor Finance found that pre-lockdown a third of drivers planned to buy a green vehicle next, while … [Read more...]
True costs of tolls exposed
Not only do we have to deal with traffic and all the other nuisances of our daily commutes, but the really unfortunate ones among us have to pay to get to where they want to go and pay again to get home, particularly annoying if it’s to be done every day to get to work. How much do you end up having to pay just to get there and back? That’s something we’ve … [Read more...]
EU must support motor industry green drive
The auto industry supports the European Union’s long-term goal of climate neutrality by 2050 and wants to play its part in making Europe the first climate-neutral continent. The European Automobile Manufacturers’ Association takes note of the ‘2030 Climate Target Plan’ unveiled today by the European Commission. “It is clear that the EU strategy needs to be … [Read more...]
Firms looking at more EVs for fleets
More than a third (37%) of companies with fewer than 100 employees either already operate or plan to adopt electric vehicles (EVs) within the next three years, compared to less than a quarter (23%) in 2019. Interest in electric vehicles is also growing rapidly among small-medium sized enterprises (SMEs), according to the latest research from the Arval … [Read more...]
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