Fleet funding

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Top five most popular electric vehicles | Omoda E5 takes top spot

The most popular electric vehicles in quarter two have been revealed, according to new data from Octopus Electric Vehicles.

electric and hybrid vehicles 3 Jul

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Prohire enters administration as staff made redundant

Prohire has entered administration and ceased trading with approximately 80 staff losing their jobs.

Prohire 3 Jul

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Peter Vardy considers sale of FlexAuto leasing business

Peter Vardy Global is “exploring options” for its vehicle leasing business, FlexAuto, which launched in 2022.

Fleet funding 2 Jul

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New salary sacrifice scheme launched by Pendragon Vehicle Management

A new salary sacrifice scheme has been launched by Pendragon Vehicle Management for new and existing clients.

Salary Sacrifice 30 Jun

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Government’s Industrial Strategy ‘prioritises’ UK automotive

UK automotive and the fleet and leasing sector have welcomed the Government’s Industrial Strategy and pledged to build on its foundations.

Tax and Legislation 24 Jun

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Fleets urged to offset NIC hike with EV salary sacrifice

Businesses are being urged to mitigate rising national insurance contribution costs by adopting an electric vehicle salary sacrifice scheme.

Salary Sacrifice 23 Jun

electric vehicle funding, plug-in car grant

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Bank says “global uncertainty” behind interest rate decision

It says it will continue to monitor the conflict in the Middle East and its risk to the UK economy after deciding to maintain interest rates at the same level.

Fleet funding 19 Jun

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AMT Auto buys Redline Specialist Cars

AMT Auto began in 1995 as a leasing finance brokerage and over the past 30 years has evolved into a £60 million enterprise.

brokers 13 Jun

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AFP calls for new rental industry standards

AFP chair Paul Hollick says that members of the trade body are widely reporting what they claim are excessive bills for vehicle damage and late servicing.

SMR 11 Jun

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Novuna Vehicle Solutions contributes to record new business volumes

Mitsubishi HC Capital UK – trading as Novuna – has reported pre-tax profits of £120.6 million with record new business volumes.

Fleet funding 11 Jun

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Fleet Alliance facilitates 150-plus van fleet deal for Eurocell

The new vans are being rolled out across the fleet to service the company’s 200-strong branch network throughout the UK.

Fleet procurement 9 Jun

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Drivalia building on first year success with multi-channel approach

Drivalia is expecting to almost double its UK risk fleet in its second year, with the corporate sector a key target for further growth.

Fleet funding 9 Jun

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Potential motor finance compensation scheme set out by FCA

The FCA hints that it realises the threat to the health of the car markets from widespread significant payouts.

Fleet funding 6 Jun

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Fleet Alliance bought by Global Vehicle Group

SME-focused leasing broker and fleet management business, Fleet Alliance, has been acquired by Global Vehicle Group for an undisclosed sum.

Fleet Alliance 4 Jun

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Sustainability behind employer adoption of salary sacrifice for cars

The majority of UK employers cite environmental targets as the major reason for implementing a salary sacrifice car scheme.

Salary Sacrifice 3 Jun

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FlexAuto invests £250,000 to drive smarter fleet management

The updated technology stack will utilise artificial intelligence (AI) and machine learning to enhance efficiency, transparency and environmental accountability.

Fleet Management Software 2 Jun

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Treasury mulls VED threshold increase on EVs to drive uptake

Hope remains £40k ‘luxury car tax’ threshold for electric vehicles will be increased as Treasury acknowledges change would help drive adoption rates.

Tax and Legislation 30 May

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Employee car ownership scheme loss to impact recruitment and retention

The ending of employee car ownership schemes (ECOS) will negatively impact staff recruitment and retention for almost half (45%) of dealers.

Tax and Legislation 28 May

Pile of pound coins on top of £5, £10 and £20 notes

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Clarity over tax threshold for EVs ‘needed now’

With thousands of electric vehicles falling foul of the ‘luxury car tax’ for the first time from next year, the Government is being urged to clarify its plans.

Tax and Legislation 27 May

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