Rapid uptake of battery electric vehicles is planned by around four in 10 fleets in the near future, according to research in the Arval Mobility Observatory 2021 Barometer. When asked, “What percentage of your car or van fleet will be 100% BEV in the next three years?”, overall, car operators answered with 42% while their van counterparts said 37%. The … [Read more...]
Salary sacrifice is saving emissions, reports Arval
Around 89% of cars leased via Arval on salary sacrifice are now an electric vehicle, an increase from just 39% two years ago. Over the same time period, the total number of cars provided using the sustainable mobility specialist’s salary sacrifice scheme, Arval Ignition, has risen by 252%. A figure that includes growth in terms of both existing clients and … [Read more...]
Businesses stretch to survive
New data compiled by epyx has shown the increased level of contract extensions made on company cars and vans during the coronavirus crisis. Looking at transactions through its 1link Service Network service, maintenance and repair (SMR) platform, used by fleets operating four million vehicles, it has produced a comparison for April-August 2020 – the height … [Read more...]
Essential maintenance rising issue
As lockdown restrictions start to ease off in the UK, drivers are discovering that their cars require essential maintenance due to being out of use for weeks, new research reveals. Analysis of search trends data conducted by car leasing specialist AMT shows that queries for issues like seized brakes, flat batteries and deflated tyres have increased … [Read more...]
Tradelines 15 April
Ford is preparing for a $600M loss in the first three months of 2020 due to sales slowdown in the shadow of the global coronavirus. It’s already secured credit facilities and has a $30B reserve to cover most eventualities. New service and maintenance procedures at Arval UK have been adapted in a matter of days to keep essential fleets available 24/7 during … [Read more...]
Long term ownership of cars is decreasing, says AA
The increasing popularity of car finance deals is contributing to the decline of long-term car ownership, according to AA Cars . The number of drivers who plan to hang onto their current car for more than five years has dropped considerably - by 11% - since owning their last car. This means there are around 3.4 million fewer drivers who have long term … [Read more...]
Tradelines 11 October
Increasing levels of economic uncertainty are starting to drive higher demand for medium term rental, says Meridian. Businesses wary of committing to a standard 3-4 year company car lease when needing employee transport are often instead more comfortable opting for a 3-6 month rental and the trend is most apparent in upper-medium range models. … [Read more...]
Brits cool towards car buying in political climate
UK residents admit they are deterred by the current unstable political climate when it comes to making big purchases, as they opt to lease cars, rent houses, and subscribe to services instead of wanting to commit outright, new research reveals. Leading vehicle leasing company, Leasing Options has surveyed the nation's motorists to gain an insight into … [Read more...]
Brokers expect leasing demand to grow
The first ever survey of vehicle leasing brokers suggests good times ahead for the sector with 87% of brokers reporting a buoyant market with demand for leases or other financial products on the up as SMEs, corporates and private buyers take advantage of low lease rates. Conducted by the Leasing Broker Federation, an independent membership organisation … [Read more...]
