Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
Santander Consumer Finance (SCF) has acquired full-service fleet management specialist CLM Fleet Management, aligning with Grupo Santander's European initiative to strengthen its position as a contract hire service provider for fleets operating company cars.
The number of people opting for company cars has risen for the first time in six years, according to data from HM Revenue and Customs.
The HMRC’s updated tax guidance that will categorise double cab pick-ups as company cars rather than vans from July will risk impacting their forecourt appeal.
The Vehicle Remarketing Association (VRA) has added its support to the British Vehicle Rental and Leasing Association’s (BVRLA) response to the current Government’s WLTP consultation.
Leasing companies are increasingly appealing to more consumers through offering personal contract hire (PCH), however Arval’s UK managing director, Miguel Cabaça, has warned them not to lose sight of their corporate market.
Damaged company cars can be guided by fleet management firm FMG to Tesco-based rapid-repair Xpress Centres for maximum convenience.
The number of company cars in the UK has remained at the same level for the past two years.
Only 42% of company car drivers see maintenance of their vehicle as their own responsibility, according to a survey by Venson.
