A new project from the Association of Fleet Professionals aims to create the “definitive picture” when it comes to comparing electric vehicle service, maintenance and repair costs to their internal combustion engine equivalents. Paul Hollick chair at the AFP, said that much of the current data and information surrounding the subject was incomplete, inconsistent or contradictory – and that the … [Read more...]
Fleet costs expected to rise, says expert
Van fleet operators expect major cost increases in every area of fleet operations, according to new findings from Arval Mobility Observatory. During the next 12 months, 79% believe there will be rises in service and maintenance, 71% in insurance premiums, 69% in vehicle lease rates, 67% in EV charging, 63% in tyres, and 61% in petrol and diesel prices. Shaun Sadlier, Head of Arval Mobility … [Read more...]
Fleets must look behind headlines to whole life costs
Fleet management provider CBVC Vehicle Management is urging financial advisors and accountants to encourage businesses to ignore headline lease rental rates and to instead focus on whole life costs for company car acquisition for fleet cost savings. According to CBVC, understanding whole life costs is critical, especially as fleets start to accommodate electric vehicles. Focusing simply on … [Read more...]
New car tax changes and how they affect you
The Government’s Spring Statement 2019 has outlined how April 2019 changes to vehicle-related taxes will hit fleets and drivers. Chancellor of the Exchequer Philip Hammond’s second Spring Statement was an update on the health of the UK economy and the state of the Government’s finances, rather than laying out any major new tax or spending announcements. The fleet industry had hoped that the … [Read more...]