The British Vehicle Rental and Leasing Association (BVRLA) has written to HM Treasury ahead of the Spring Budget to outline fiscal measures required to support the fleet sector's recovery.
Autorola is warning that electric vehicle (EV) prices in used value guides should be used “sparingly” based on its experience of online sales in 2020.
Twice as many electric vehicles (EVs) were registered in 2020 compared to the previous year, with new company car tax rates driving uptake.
Fleet and business new car registrations fall by 32%, with 400,000 fewer company cars registered, but fleets behind massive increase in EV new car sales.
An eleventh-hour post-Brexit trade deal struck between the UK and the EU has been welcomed by the fleet and leasing industry.
Inadequate charging infrastructure and limited range are biggest barriers to electric vehicle adoption, according to Fleet News poll.
The Government has admitted in a new report that tax revenues are at significant risk from the switch to electric vehicles (EVs).
Ministers are being urged to work with the fleet sector to ensure any changes to motoring taxation are carried out in a timely, effective and proportionate way.
Residual values could fall by 10% over the next year as the economic effects of a recession and high unemployment bite.
The Chancellor, Rishi Sunak, delivered a bleak assessment of the UK’s finances, warning the coronavirus crisis would create lasting damage to growth and jobs.
Richard Jones, managing director of Lex Autolease and Black Horse, says parts of the country are poorly served, limiting the wider adoption of EVs.
Demand for personal leasing is helping to offset a significant decline in business contact hire (BCH) among BVRLA members’ lease fleets.
The founder and CEO of Synergy Car Leasing has been named as the new BVRLA leasing broker committee vice-chairman.
Fleets face having to spend an extra £2.8 billion on EVs over the next five years, with 'no deal' set to increase plug-in vehicle costs by thousands of pounds.
The aim is for the fleet, rental and leasing sector to own and operating around 900,000 battery electric vehicles (BEVs) within five years.
Plans to help protect jobs announced by the Chancellor, Rishi Sunak, have been welcomed by the fleet and leasing industry.
The Chancellor, Rishi Sunak, will unveil plans later this morning to try and stem job losses after lockdown restrictions were tightened.
Whyte helped fleets through the contract hire and leasing minefield
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