The vehicle rental and leasing industry contributes around £49B per year to the UK economy, supports over 465,000 jobs and generates £7.6B in taxation annually. Commissioned by the BVRLA from respected research organisation Oxford Economics, the study provides some robust, independent data on the size, scope and importance of the vehicle rental and leasing industry. The £49B takes account of … [Read more...]
Tradelines 23 May
The new Volvo S60 saloon this spring will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine. All new Volvo models launched from 2019 will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle. Aston Martin reported a 3% rise in first-quarter … [Read more...]
Gov urged to reconsider LCV tests on safety grounds
The British Vehicle Rental and Leasing Association has submitted a detailed response to the Department for Transport’s consultation on the future of the MOT, urging the government to reconsider the frequency of tests for some light commercial vehicles. The BVRLA supported the government’s proposal to extend the period for the first MOT for new cars from three to four years, but opposed the same … [Read more...]
New higher tax will hit sales and registrations, say hirers
The new Vehicle Excise Duty regime will hit the car rental industry with a 400% tax rise, damaging its ability to purchase the newest, cleanest vehicles and provide affordable mobility to millions of customers. A new report from Oxford Economics, commissioned by the British Vehicle Rental and Leasing Association, has found that the rental sector will be unfairly hit by the government’s … [Read more...]
Company drivers looking for grey to keep out of red
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) shows that 950,000 employees paid … [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 council or government vehicles. According … [Read more...]