Fleet News

True fleet registrations slip 8.8%, but rental rises

This editorial feature appears in the July 25, 2019 issue of Fleet News and is sponsored by Hitachi Capital PLC Vehicle Solutions

The year-on-year reduction in true fleet registrations has accelerated in the second quarter of 2019 with just a handful of manufacturers enjoying growth, primarily on the back of new product launches.

Uncertainty over future company car tax rates has affected the market, with anecdotal evidence suggesting some employees have become disillusioned with company cars as a benefit and are now opting to take cash. The full extent of this migration will not be revealed for a couple of years, until HMRC publishes its updated benefit-in-kind (BIK) stats.

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