The number of employees paying company car tax has increased for the first time in 10 years. But the latest figures suggest that government tax policy is driving staff into older, dirtier and more dangerous grey fleet vehicles, says the British Vehicle Rental and Leasing Association. Recently released provisional data from HM Revenue and Customs (HMRC) … [Read more...]
Finance
Manufacturers not listening to dealers and brokers
Manufacturers miss out on broker growth through poor communications and account management Leasing brokers feel that they are not receiving proper account management and communications from motor manufacturers which is hampering potential growth in the sector, according to a new survey from the Leasing Broker Federation, an independent membership … [Read more...]
Newslines 12 August
In time for the ‘66-plate’ September market, Peugeot announces that the popular Just Add Fuel® with Telematics is now extended to most of the Peugeot 308 and 308 SW models. Launched 12 months ago, initially on the 108 range and later on 208 and 2008 SUV, Just Add Fuel® with Telematics has proved extremely attractive to retail … [Read more...]
Summer sales cooling in showrooms
Britain’s new car market is “cooling" this summer. Figures from the Society of Motor Manufacturers and Traders showed a 0.1% rise compared to a year ago and put down to business sales keeping it ahead. Sales in the first seven months of 2016 were 1,599,159 but the industry has been expecting a slow down and SMMT chief executive Mike Hawes said it was … [Read more...]
Brokers expect leasing demand to grow
The first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation … [Read more...]
Fleets suffer with SUV orders
The growing popularity of SUVs in all sectors of the company car fleet market means that fleets could increasingly struggle to hit cost and emissions targets, says Chevin Fleet Solutions. The fleet management software specialist points out that even the most car-like of SUVs tend to have worse emissions and fuel economy than their equivalent hatchbacks or … [Read more...]
EV stock is on a charge
The growing popularity of electric vehicles has seen a massive rise in the availability of affordable, second-hand electric vehicles in the UK over the past two years, according to the AA’s used car portal AA Cars. It looked at the numbers of EVs advertised on its portal in Q2 2016 and found that stock levels were a staggering 652% higher than Q2 2014 and … [Read more...]
Brexit boost to used car sales
The decision to leave the EU could provide a boost to the used car sector at the expense of new car sales, predicts Startline Motor Finance. The company believes that the economic conditions already resulting from Brexit – especially the weaker pound and higher cost of capital – will make it very difficult for motor manufacturers to continue offering the … [Read more...]
Britain is a nation of wheeler dealers
According to research, within three months of buying a used car half of Brits have found a fault that has had to be repaired. The online vehicle purchasing company, SellCar, has discovered that on average Brits are forced to spend £182.65 to fix their used car within the first three months of ownership. But is this the buyers or the sellers fault? … [Read more...]
Britain’s secret ‘grey fleet’ is keeping UK moving
The full extent of the UK’s “grey fleet” is revealed in the most comprehensive report into private vehicles used for business. The nation’s grey fleet comprises 14 million cars – 40 per cent of all vehicles on the road – and costs employers more than £5.5bn a year in mileage claims and car allowances. Many are used in the public sector instead of … [Read more...]
