A worrying trend is accelerating with companies and employees' cars. New HMRC data shows a marked fall in company car numbers of up to 80,000 cars and it means that grey fleets are growing quite rapidly and suggests more drivers decided to take a cash option during the pandemic, said Fleet Check managing director Peter Golding (below). If they are now … [Read more...]
Tradelines 19 October
The German car industry could grind to a halt over energy costs faced by component suppliers. The major motor manufacturers have taken steps to fix their energy costs but further down the supply chain the smaller parts makers are said to be struggling and facing cost increases they cannot manage so want to renegotiate terms with their customers or cease … [Read more...]
Your car is tracking and sharing information on you
October is Cybersecurity Awareness Month, in aid of this car and van leasing company Vanarama has conducted a study into the important question of privacy and data safety within connected cars. To do this, they compared the information that is collected from 10 of the biggest car companies, and revealed who can gain access to your information. Your car … [Read more...]
Bumping in the trade under HMRC watch
HMRC has identified an increasing risk of an error in the VAT returns for certain Franchised Dealerships, described as “Bumping”. HMRC are sending letters to some motor retailers that they believe are at risk from ‘Bumping’. Bumping is where there is a discrepancy between a vehicle sales invoice on the DMS system and the finance proposal one, which can … [Read more...]
Stopping the modern highwaymen & thieves
As the automotive and transport industries face some of the toughest challenges in recent years, a little known but immensely huge business is working behind the scenes to stop what is potentially the biggest threat of all, cybercrime. In 2019, working alongside Blaenau Gwent Council, the Welsh Assembly and the University of South Wales, Thales established … [Read more...]
Off-road vehicles seized by Welsh police
South Wales Police has seized off-road vehicles as part of Operation Red Mana. The Ely neighbourhood team were joined by officers from the Roads Policing Unit and the anti-social off-road team (#ASORT) and Cardiff Council at the weekend to tackle off-road bikes riding in an anti-social manner in Cardiff. The riders were reported in the Ely and Rumney … [Read more...]
Car insurance fraudster jailed
A 37 year-old man has been jailed for fraud offences following an investigation by the South Wales Police Economic & Cyber Crime Unit. In early 2021, the ECCU was contacted by the Insurance Fraud Bureau (IFB) with intel that they had received a number of fraudulent claim reports from car insurance companies. An investigation into the policies enabled … [Read more...]
Cyber risks outlined to Wales’ automotive businesses
Cyber risks facing the automotive components suppliers in Wales will be covered in one of the presentations at this month's Autolink 2022 conference in Cardiff. Thales of Ebbw Vale will have two speakers covering the issues which can impact on the products, reputations and security as well as finances of parts and services suppliers in Wales with national … [Read more...]
Charger cables new target for scrap thieves
Experts at Leasing Options are warning UK drivers that electric car charger thefts could increase amongst the cost of living crisis. This increase in electric vehicles inevitably makes thefts more likely - but add in economic pressures from the cost of living crisis and you’ve got the potential for electric thefts to increase tenfold. Some cars can be … [Read more...]
Drivers breaking laws through ignorance
GoCompare car insurance has revealed that thousands of motorists could be regularly breaking the law while driving. In a new survey of over 2,000 motorists in the UK, many admitted to either always, often or sometimes doing the below activities while driving, which could all result in a fine, penalty points and increased costs at your insurance … [Read more...]
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