In light of the recent Autumn 2024 Budget, Car & Classic announces that classic cars are exempt from the increase in Capital Gains Tax (CGT), a change that could make them an attractive, tax-efficient investment. With CGT rising from 10% to 18% for the lower rate and from 18% to 24% for the higher rate, this exemption offers an advantage for those … [Read more...]
Retail
Welsh rallies star heads to Japan
Chris Ingram, the newly-crowned 2024 British rally champion, will contest the FORUM8 Rally Japan 21-24 November in a Castrol MEM Rally Team Toyota GR Yaris Rally2 prepared in Wales. The event is the final round of the 2024 FIA World Rally Championship and takes place in the Aichi and Gifu prefecture. This will be the first time that the 2019 FIA European … [Read more...]
PHEVs’ future now in doubt, says FleetCheck
The Budget is likely to have ended the current revival of fleet interest for plug-in hybrid company cars, FleetCheck is predicting. Peter Golding, managing director at the fleet software specialist, pointed out that anyone now paying a 5% benefit in kind on a new PHEV in the current tax year would see a jump to 18% by year four in 2028/29. He said: “We’ve … [Read more...]
Budget shock for PHEV & DC business drivers
Budget plans could prompt widespread rewriting of company car choice lists to tackle new issues around plug-in hybrids and double cab pick-ups, says the Association of Fleet Professionals. The industry body points out that moves made by the chancellor mean that the viability of both types of vehicles will now be placed under serious questioning by many … [Read more...]
Government sets real challenges for motor businesses, says VRA
The hugely increased burden that the Budget places on remarketing businesses means that Labour’s growth strategy must succeed, says the Vehicle Remarketing Association. Philip Nothard, VRA chair, said that moves such as the increase in Employers' National Insurance and high minimum wage would have an impact on costs for almost every business involved in the … [Read more...]
Volvo XC90 comprehensively refreshed
Volvo has revealed the model range, specification and prices for the new XC90, its flagship hybrid SUV in PHEV and MHEV versions. The six revised models have fresh exterior design details that amplify its clean, contemporary styling and create a stronger visual connection to its fully electric counterpart, the EX90 SUV. These changes include a new grille … [Read more...]
New car sales slide again but EVs grow
October saw another month of contraction in the new car market, a concerning trend following August's end to two years of continuous growth. This decline is particularly worrying, as it highlights the volatility of the market right now, said Sue Robinson, Chief Executive of the National Franchised Dealers Association. UK new car buyers now have more than … [Read more...]
EV sales continue rising
The market share of electric vehicle sales in the UK has reached over 20% for the third month running - according to New AutoMotive’s latest Electric Car Count. In October, sales of new pure EVs reached 20.8% of the market, making them the fastest growing fuel type throughout the month. The figure means that the industry is now comfortably above the legal … [Read more...]
Super silver Civic marks the Honda’s 25th anniversary
Honda has revealed a one-of-a-kind Civic e:HEV sprayed in the world’s most silver paint to celebrate 25 years since the brand launched Europe’s first ever hybrid model – the Insight – in September 1999. To celebrate its hybrid silver jubilee, Honda painted the Civic in a specially made batch of unique silver paint created by renowned artist and colour … [Read more...]
Toyota want bright sparks to fire imaginations
People and businesses with the brightest ideas are being encouraged to work with the world’s biggest car maker on the next generation of sustainable products. Toyota Motor Europe and partners have launched an open call for the second cohort of the Toyota Open Labs innovation initiative which aims to connect startups with Toyota group business units and … [Read more...]
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