Fleet funding - Page 3

Electric vehicles now represent 37% of the total lease fleet and 44% of new additions, with some leasing companies already well above the 50% threshold.

The assets of a transport, logistics and warehousing business are to be auctioned by BPI Asset Advisory.

John Messore, freelance tax expert on company cars, vans and fuel cards, examines the impact of Government plans to end ‘contrived’ ECOS schemes.

The two professional bodies have pledged to work more closely, with further joint training initiatives planned for the future

Loveelectric.cars has launched a new ‘zero risk guarantee’ for its electric vehicle salary sacrifice scheme

James O’Malley is departing Select Car Leasing to focus on personal projects.

Tim Laver, UK managing director of Ayvens, says fleets should prepare for a new Euro emissions standard, road-user charges and stricter EU CO2 targets.

The decision comes after inflation rose for the second month in a row to 2.6% - pushing it further above the Bank's target of 2%.

Zenith will work with Zurich to achieve its target of no petrol or diesel vehicles on its fleet by the end of 2025.

After almost two decades with the Renault Group, Alice Altemaire has announced she has left her role as CEO of its funding division.

Leasing companies expect hike in national insurance and prevailing mood of tax rises to negatively impact vehicle orders next year.

Korean automotive brand Genesis is looking to become a firm favourite for user-choosers after targeting the company car and salary sacrifice market.

HSBC UK has chosen Octopus Electric Vehicles as its preferred supplier to provide salary sacrifice electric car schemes to its corporate customers.

Select Car Leasing has announced a major revamp of its vans division to strengthen its position in the van leasing broker market.

Tariffs on car imports to the US could impact the UK fleet market, the Association of Fleet Professionals (AFP) warns.

The new offer from the Electric Car Scheme aims to bring down the cost of public charging to be in line with, or cheaper than, the cost of driving an ICE car.

Close Brother Motor Finance has begun phased return to the writing of new UK motor finance business as other lenders turn to technology to disclose commissions.

Pre-tax profits for the FN50 have fallen by almost a third year-on-year after hitting £2 billion for the first time last year.

Cars and vans both up year-on-year as FN50 tops 1.8 million vehicles for the first time reveals the 2024 insight report

The Bank of England has cut interest rates for the second time this year, providing some respite for the fleet and leasing sector.

Leasing companies and brokers are assessing the impact of a Court of Appeal decision on commissions paid on vehicle finance deals.

Chancellor Rachel Reeves is expected to unleash up to £40 billion of tax rises in the Budget tomorrow.

A lack of service, maintenance and repair data for electric vehicles is proving a challenge for leasing companies factoring costs into fleet contracts.

The Chancellor is being warned against making salary sacrifice schemes for cars less attractive ahead of the Budget on Wednesday.

A new industry alliance has been formed that aims to accelerate the fleet sector's adoption of new technology.

The Electric Car Scheme announces the closing of a new funding round on the back of strong year-on-year growth.

A deepening Government blackhole is potentially putting fleets in the firing line, with tax rises predicted in the Budget.

A new e-commerce platform called Leasys e-Store has been launched, part of Leasy’s European strategic digitalisation plan.

Octopus Electric Vehicles is offering the Dacia Spring via its salary sacrifice scheme for less than £200 per month.

Novus Health has implemented an electric car salary sacrifice scheme for staff to provide them with a wider array of employee benefits.

Santander Consumer Finance targets growth in the vehicle leasing sector with acquisition of fleet management firm.

Drive Fuze is eyeing a second phase of domestic and international growth for its software-as-a-service proposition.

Employers are being urged to start preparing now for a major overhaul in how company cars and expenses are reported.

Gridserve has sold its electric vehicle leasing division to Carwow as part of its plans to focus on its core business of rapid charger infrastructure.

Sortera is offering its employees access to an EV through an Octopus Energy salary sacrifice scheme.

Ayvens has officially launched in the UK following the acquisition of LeasePlan by ALD Automotive.

Salary sacrifice has been one of the big success stories in the leasing sector, but all too often this is not reflected in the take-up rates of individual schemes.

The EV subscription service aims to give corporate customers a taste of going electric while meeting short-term vehicle needs.

New research commissioned by the BVRLA suggests that between 2024 and 2030, used EV car prices are predicted to fall by a further 28%.

Used EV values have fallen 50% over the past 24 months, with Fleet News revealing how leasing companies have been exposed to the losses.