Fleet funding - Page 5

A ‘social’ electric vehicle leasing scheme for care workers is being called for by climate charity Possible.

Alphabet is reporting a 16% year-on-year increase in new business, with a fifth of new cars being ordered last year having zero emissions.

AMT Auto head of reservations, Shaun Kelly, explains how vehicle subscription services are affecting fleet management.

WeFlex agrees multi-million-pound deal with Toyota for London's ride-hailing market.

With fuel duty frozen and full expensing to be expanded to leased assets, the industry has reacted to the Government’s tax and spending plans in the Budget.

Vehicle leasing companies will benefit from so-called full expensing after the Chancellor, Jeremy Hunt, announced it will apply to leased assets.

Liquid Fleet has reported an upturn in customers addressing grey fleet issues by onboarding short-term lease cars as part of a pool car arrangement.

Four out of every five cars delivered by Tusker in 2023 were fully electric, helping the salary sacrifice specialist slash average fleet emissions by 50%.

Fleet Evolution says Conservative and Labour parties are heading in the wrong direction at a time when more, not less, green investment is needed.

Zenith reports that average termination profit per vehicle was down by more than a third year-to-date.

Administrators Begbies Traynor blamed “challenges within the existing business cost model” for not being able to complete a sale.

The salary sacrifice scheme, operated by Tusker, has now delivered 300 vehicles to the homes of employees, and a further 66 are awaiting their new car.

The first two Scania P320 trucks from a fleet of 16 on order have joined the Wickes fleet to help drive the expansion of its delivery service.

Vehicle leasing giant Ayvens has reported a 22.2% drop in pre-tax profits, down from £1.42bn to £1.1bn, year-on-year.

Ogilvie Fleet has reported record growth of 9%, surpassing 22,000 on-risk vehicles for the first time.

Higher purchase costs, insufficient charging infrastructure and misinformation are a serious risk to electric vehicle adoption, Lords committee warns.

Arval has grown its vehicle leased fleet by 6.9% year-on-year, with battery electric vehicles accounting for one-in-five new vehicle orders in the last quarter.

Lithia and Driveway has completed the acquisition of the UK motor and fleet management divisions of Pendragon.

Tusker will continue to operate as a standalone business and focus on providing salary sacrifice solutions, following its acquisition by Lloyds Banking Group.

The business contract hire proposition will be aimed at small to medium-sized businesses.

Gilshan will join the Tusker board with Kit Wisdom, who was chief operating officer, becoming MD of the business.

Tesla has confirmed when the first deliveries and test drives for the upgraded Model 3 will begin in the UK and Ireland.

Vehicle leasing companies are forecasting further rapid growth in salary sacrifice for cars after reporting a record rise in the benefit over the past year.

The latest industry news, including Believ announces 25% ‘Winter Warmer’ credit on overnight EV charging.

A new electric ‘van plan’ is being developed to help fleets make the switch and address key concerns around the move away from ICE vehicles.

Global Vans and XLCR have joined forces to target small and medium-sized businesses.

Santander Consumer Finance has been chosen as Fisker’s preferred finance partner for UK customers.

The debt funding facility from LCM Partners will enable it to finance more than 1,300 new EVs.

Alphabet has entered the Australian, New Zealand and Mexican markets through two new partnerships.

Citizen has ordered more than 80 vans from Nissan saying that pricing, specification and great customer service helped secure the deal.

The BVRLA’s latest Industry Outlook report issues warning of a potential hike in lease rentals for electric vehicles.

Gofor has introduced a new electric vehicle (EV) salary sacrifice scheme for Learnd employees.

The latest commercial fleet industry news, including Sogo reports a leap in demand for LCVs on flexible lease and Microlise secures contract renewal.

Silverstone Leasing has launched a new electric vehicle salary sacrifice scheme for UK employers and employees.

EV sales fall overall but fleets dominate registrations of zero-emission cars and the new car market as a whole.

Additional funds will play a pivotal role in financing Octopus’ EV salary sacrifice programme.

Urgent action is needed to electrify half a million HGVs in the UK in order to meet net zero targets, a new report from the Green Finance Institute says.

Zenith has announced that Tim Buchan is stepping down as CEO of the vehicle leasing company to become a non-executive director on the board.

NHS Shared Business Services has launched a new sustainable transport procurement framework designed to support the NHS in cutting carbon emissions.

Businesses offering employees a car through salary sacrifice are being urged to check how changes announced in the Autumn Statement impact the benefit.