A new car loses approximately 20 per cent of its value when it’s driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each year, so it pays to have an understanding of deprecation when you’re buying a car. However, the numerous makes, models and colours will all hold and lose their value differently, so a bit of … [Read more...]
Finance
Cash-choice users should be cause for concern
Drivers who take a cash option instead of a company car from their employer are often not being considered with the same level of thoroughness as company car drivers when it comes to risk management, says Arval. Cash takers can potentially fall off the radar when it comes to safety, even though there are frequently high mileage and other increased risk … [Read more...]
Driver training needs better targeting by firms
The availability of better data means that a more targeted approach should be the future of driver training, says Arval. As well as collision and damage information, data ranging from telematics analysis through to fuel use and tyre wear can increasingly help fleet managers to identify who needs specific driving help, says David Watts, Fleet Consultant at … [Read more...]
Personal data dilemma for dealers
Personal data stored in vehicle satnav and phones is going to be a headache for dealers in future. Satnav address records and Bluetooth phone information stored on used cars and vans are set to create a headache for remarketing companies with the arrival of General Data Protection Regulation (GDPR) next year, says the Vehicle Remarketing … [Read more...]
Tradelines 11 October
Increasing levels of economic uncertainty are starting to drive higher demand for medium term rental, says Meridian. Businesses wary of committing to a standard 3-4 year company car lease when needing employee transport are often instead more comfortable opting for a 3-6 month rental and the trend is most apparent in upper-medium range models. … [Read more...]
Tradelines 27 September
Economy Secretary Ken Skates announced the red route as the preferred option for the £250m Deeside corridor scheme. The scheme, which aims to modernise and relieve pressure on the stretch, will see increased capacity on the existing A548, with a new road linking the A55 and A548 just after the Flintshire Bridge. A 44-year-old female driver from London … [Read more...]
Clocking cars increases under PCP limits
The number of cars on UK roads showing mileage discrepancies is costing motorists over £800 million every year according to hpi, one of the UK’s leading authorities on vehicle checking services. The automotive data experts say the number of cars affected has also risen to one in 16. The figure has worsened from one in 20 cars less than three years … [Read more...]
Mercedes showcase robots and drones for deliveries
With the unveiling of its Vision Van at its Innovation Campus in Stuttgart, Germany, Mercedes has showcased how robots and drones could soon be used more effectively for delivery tasks. Van hire and leasing specialist Northgate has looked at how the enhancements would work. Mercedes has teamed up with world-class flying vehicles and intelligent control … [Read more...]
Growing responsibility of drivers’ employers
With the introduction in recent years of roadside drug testing, and the surge in drug-related accidents at work, employers are coming under increasing pressure to ensure their staff are fit to work, and that health and safety aren’t compromised as a result of an individual being impaired. According to a survey carried out in 2015 on employees from a … [Read more...]
BIK is too baffling for many who miss savings
A company car is widely considered to be one of the biggest perks that a job can offer, but leading independent car specialists, OSV, have discovered that around half of all company car drivers don’t really understand what their vehicle means for their tax status. While 27% of company car drivers did not realise that there had been changes made to the way … [Read more...]
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