Fleet News

LVL sees huge swing to diesel during March

LEX Vehicle Leasing saw a huge surge in fleet car deliveries last month and a major swing to diesel as drivers minimised their tax bills under the new CO2-based system.

Lex delivered nearly 3,000 cars in March, almost 50% of which were powered by diesel - close on twice the diesel penetration of the national fleet market.

In a further tax-beating development, nearly 30% of cars delivered by Lex were Ford Focus-size or smaller, an indication that drivers are downsizing or downpricing to limit their benefit in kind tax exposure.

Lex has also seen the number of hits from drivers using the company car tax calculator on its website more than double over the past couple of months, further evidence of drivers waking up to the latest tax changes.

In March, the top 10 best selling models on the Lex fleet were the BMW 3-series and the Volkswagen Golf, followed by the Ford Mondeo and Volkswagen Passat, Vauxhall Astra, Ford Focus, Audi A4, Vauxhall Corsa, Vauxhall Vectra and Renault Clio.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee