A strong 2.9% organic fleet growth during 2023 has been announced today by Arval UK, in a challenging market constrained by new car supply and inflation. The figure brings the total UK fleet size to 192,068 at the end of December 2023 and much of the rise has been powered by the ongoing transition towards battery electric vehicles as Arval’s UK fleet now includes 44,021 BEVs which account for a … [Read more...]
Usership replacing ownership among motorists
Traditional car financing could be past its peak as personal leasing, salary sacrifice schemes, and subscriptions rise in popularity along with a growth in electric car sales. The UK’s car finance bubble is on the brink of bursting as demand for new car finance deals slows down dramatically compared to new car sales, according to analysis by The Car Expert. Data from the Finance and Leasing … [Read more...]
73-plate buyers’ guide
Shop around for the car which suits you and your pocket with a new '73' plate. Ahead of the arrival of the new “73” vehicle registration in England, Wales and Scotland on the 1st of September, The Motor Ombudsman, the Ombudsman dedicated to the automotive sector, is highlighting 12 handy tips for motorists to take into consideration when looking to buy a new car to help ensure that it meets their … [Read more...]
Banking on a better buy
As motorists grapple with rising costs we look at the pros and cons of acquiring a car in today's market-place and the possible best way for you. If you pay for your car with a loan, it means you own the car outright from the point of purchase and can be much more cost effective. With a car on finance, you don’t own the vehicle while you are making payments. There are different forms of car … [Read more...]
Reducing risk of plunging fleet values
The vast majority of fleets purchase vehicles outright and then dispose of the assets privately once they have no more uses vehicles, a study has revealed. According to RAM Tracking’s Vehicle Buying Survey 2022, just 41% of fleets said they defy fleet conventions and purchase vehicles outright. The second most popular method of funding vehicles is via a leasing company and the third most popular … [Read more...]
Car ownership is old fashioned, says sharing business
The relationship between the British public and their vehicles has changed a lot over the last few years. With the rise of working from home and hybrid work schedules, car ownership numbers all over the country and the entire UK are dropping considerably. In fact, the Society of Motor Manufacturers and Traders found that March 2022 saw new car sales suffer their weakest performance since 1998, … [Read more...]
EVs depreciate less than petrol or diesel cars
A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and £3,833.50 annually, meaning evs save 18% … [Read more...]
Britain’s best vans carry off plaudits
Vanarama has carried out an in-depth study to uncover the most reliable vans and pick-up trucks. It compiled data from warranty claims, MoT tests, and specialist media's survey of van operators. Budget Small Van Winner – Fiat Doblo RRP starting from £13,995 Perhaps coming as a surprise to some, the Fiat Doblo scored very well in Vanarama’s analysis of reliability. In a survey of the … [Read more...]
Tradelines 28 July
North Wales Motor Company, Llandudno has added Kia to its Honda new car franchises. It also services and sells used Lotus Cars and will run the Korean car operation from a former Peugeot site on Argyll Road, Llandudno. Gravells, of West Wales, has expanded into England. The booming Kia business is the sixth outlet by the family and will operate out of Hereford. The number of drivers expecting … [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...]
