Trade sales are becoming more local, reports one company. epyx is reporting that it is seeing evidence of a return to more regional-based remarketing in recent months. Usage of options in its 1link Disposal Network platform indicate that more fleets are opting to look at pricing and sales patterns on a geographical basis before deciding where to sell a … [Read more...]
Finance
Welsh car buyers spur sales
Welsh car buyers and dealers have bucked the UK trend and pushed up new car registrations in November by 1.03% to 5,579 models. This compares to a rise of 7.1% in Scotland with 12,407 new cars and 3,8% in Northern Ireland 3,253 while a decline of 4.1 %was experienced in England when figures dipped to 137,039, so the market in the UK went down overall by … [Read more...]
Safety and service take back seats in new trend
New approaches to service and maintenance will be needed as personal contract hire increasingly makes an impact in corporate circles, says epyx. Tim Meadows, commercial director, said that typically 80% of cars on traditional corporate contract hire were leased with inclusive maintenance packages but that this fell to around 20% for PCH. He explained, … [Read more...]
SUVs’ abilities need explaining to company users
Company car drivers may need to be warned of the limitations of their vehicles in winter driving conditions, Arval is warning, highlighting SUVs as a prime example. These vehicles are increasingly attractive to fleets and their drivers for many reasons but the company says that some drivers mistakenly believe that relatively lightweight, two-wheel drive … [Read more...]
Long term ownership of cars is decreasing, says AA
The increasing popularity of car finance deals is contributing to the decline of long-term car ownership, according to AA Cars . The number of drivers who plan to hang onto their current car for more than five years has dropped considerably - by 11% - since owning their last car. This means there are around 3.4 million fewer drivers who have long term … [Read more...]
Newslines 19 November
Rich Welsh drivers prefer to buy a Lamborghini, says a specialist finance company. JBR Capital revealed the Italian supercars account for over 28% of their loans, the highest for the marque in the UK, in Wales. There is a £150M plan to revive a race and test track near Rassau, Ebbw Vale, according to media reports. It follows the failure of the … [Read more...]
Welsh drivers among UK safest
The Welsh are worriers behind the wheel. There are now over 25.8m cars on the road in the UK today, that’s nearly one for every two people and the figure is increasing at a rate of around 600,000 every year. Even given the vast number of vehicles on the road, you’ll rarely encounter someone who openly admits they’re a bad driver. This led us to … [Read more...]
Used car sales steady after new cars collapse
Britain’s used car market remained near recent record highs in the third quarter of 2018, according to the Society of Motor Manufacturers and Traders. Despite a sales dip of -2.1% compared with the same period in 2017, there were 2,057,457 used transactions in Q3, with August the quarter’s best-selling month and the Ford Fiesta was most popular with … [Read more...]
CarWizz is a word to the webwise
A new platform called CarWizz enables automotive retailers to take back control of online vehicle sales and significantly reduce ageing new car stock. By only advertising list price figures for stock vehicles, CarWizz returns full control of negotiations and deal quality to retailers while also facilitating lower operating costs and informing future … [Read more...]
Giving evs a fair chance in fleets
Businesses need to adopt structured policies matching alternative fuel vehicles to the right person and purpose in order to give them a “fair chance” to integrate into fleets successfully, says FleetCheck. The fleet management software specialist says that so far AFV adoption has quite often been haphazard and that some fleets have already become wary of … [Read more...]
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