New car registrations to fleet and business are down 7.7% year-on-year, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).
An ongoing partnership between Honda Finance Europe and vehicle leasing specialist Arval has put more than 5,000 cars on the road in two-and-a-half years.
The the European new car market recorded the highest monthly decline of the past decade in September, as 1.12 million vehicles were registered – 343,000 less than in September 2017.
Miguel Cabaça warns leasing companies not to lose sight of the traditional corporate customer despite the growing appeal of offering personal contract hire.
The Committee on Climate Change is calling on the Government to bring forward the 2% tax rate for pure electric company cars.
Changes to the rules affecting salary sacrifice car schemes and rises in BIK taxes for company car drivers make the resurgence of ECO schemes more likely.
Enterprise Rent-A-Car will operate Enterprise car club vehicles at its new branch in Fratton, Portsmouth.
Fleets have just a few weeks left before they will find out how the Government intends to mitigate the impact of WLTP on future company car tax rates.
Damage Reclaim, a no win, no fee start-up, is targeting fleets that are in dispute with their leasing companies over end-of-contract vehicle charges
Early termination fees scrapped after six months for new contract hire product after it said customers were demanding more flexibility because of Brexit.
The new e-commerce portal aims to target the growing personal leasing market, where company car drivers are considering making the switch.
Arnold Clark Vehicle Management (ACVM) has launched a new employee car plan, Affinity Cars, aimed at employees who do not have access to a company car.
Tusker, who have worked with NOE CPC for the past eight years, now have more than 16,000 cars ordered on the framework through its Car Benefit Scheme.
There were 52,656 cars registered to fleet and business, with 41,438 private registrations, equating to a 56% market share, says SMMT.
Four in five (80%) Wheels4Sure customers used to buy their cars outright before switching to personal contract hire, its survey has found.
Insurance, maintenance, tyres and breakdown cover could now be taxed when provided via a so-called Optional Remuneration Arrangements (OpRA).
Pendragon Vehicle Management has launched a personal contract hire scheme aimed at employees who receive a cash allowance or use a salary sacrifice scheme.
In the UK, the average time before a vehicle is replaced is 3.9 years, but across a basket of 12 other European countries, it is 5.7 years.
Fleet businesses report managing costs, growing revenue and retaining customers as the biggest challenges affecting the industry this year.
The UK true fleet market grew by 1.4% in July, according to the latest figures from Dataforce.
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