r2c’s figures, based on more than 30,000 records across accident damage and unscheduled repairs, show that there has been a general improvement across the board when it comes to delays as a result of parts availability and shortage of labour – two issues that have plagued the SMR sector for the past few years.
Introducing an increasing number of plug-in hybrid and fully electric battery vehicles for private or business rental – including the Tesla Model 3, MG4, ORA Funky Cat and the high-spec Mercedes Benz EQ electric range – Europcar is helping motorists try EV technology before making a long-term commitment.
Leasys' transition towards a more sustainable mobility future is not limited to replacing vehicles. It encompasses a collaborative effort among diverse stakeholders from industry, institutions, and services, along with fostering a shift in our collective environmental consciousness.
Certification required the full commitment of the team at SOGO and the cooperation of the company's supply chain. The verification was completed by an independent auditor and enables the company to comprehensively monitor its carbon emissions as a business.
New company combines the brand recognition and expertise of one of the UK’s leading Contract Hire brokers with the financial strength of Mobilize Financial Services UK services will include full multi-brand car and van leasing solutions, for private and business customers alike.
Tusker, which has been part of the Lloyds Banking Group since February this year, has also had a record-breaking first half of 2023, having delivered more than 8,500 brand new vehicles in the six-month period. This brings its overall fleet size to more than 29,000 vehicles for the first time. Of these, 86% electric vehicles - more than 6900, were delivered.
New collaboration sees Alphabet working closely with leading EV charging provider E.ON to ensure corporate, public sector, and SME customers continue to get the expert support and best-in-class solutions they need to decrease fleet carbon emissions and choose greener, more efficient vehicles.
Wessex Fleet found that 24% of company car drivers are on target to breach their mileage limits and incur excess mileage charges. The expected charge for each of these drivers, based on a fee of 32p per mile above the pre-agreed limit, is a staggering £8,981.
Move is prompted both by both electrification and the general ageing of the fleet vehicle parc that was currently underway. There’s a growing perception among fleets that what they are being charged for SMR by third parties, especially leasing company maintenance packages, is overinflated and outweighs any expertise that third parties bring when it comes to SMR buying.
Garages and workshops – from small independents to franchise dealers and repairer networks to fast-fits – are facing similar problems to almost every other part of the motor industry. Getting hold of many parts is difficult while finding trained staff is challenging. These facts are having a direct impact on fleet VOR times and are not the fault of suppliers.
Alphabet’s latest business figures indicate awareness and demand for sustainable, alternative fleet options continue to build at pace. Its eMobility segment once again showed strong growth in share in 2022. The company’s electrified vehicle portfolio has enlarged substantially over the last three years and last year was no exception with 53,500 vehicles hitting the road. Electrified vehicles accounted for 31% of total new business in 2022 and today, one in three Alphabet vehicles is either partially or fully electric.
Car rental is a cost-effective solution to buying, but outside of the booking prices of the vehicle you’re after, there’s still a lot of budgeting to consider. Co Wheels, the hourly car rental business looks at the budgeting you need to plan before tackling the open road. Hiring a car to use on a need’s basis could be a great alternative to owning one, but could on-road charges make it less convenient on your wallet?
Twelve months ago (Oct 21-22), it numbered around 2,500 cars and vans, but has now grown to 3,800, with significant growth expected to continue for at least the next two years. Electrification of the fleet is also gathering pace. At present, more than 14% are electric vehicles, but by the middle of the decade this should be over 90% in line with the 2030 deadline.
Mobilize Lease&Co will develop usage-based solutions that include increasingly flexible leasing offers, as well as fleet management services through vehicle connectivity. Mobilize Lease&Co's new offers will be progressively extended to several countries in Europe and Latin America, to retail customers, small and medium fleets large accounts as well as mobility operators. The aim is to reach a fleet size of 1 million vehicles by 2030, compared to 350,000 today.
For companies with smaller fleets, the responsibility for managing these requirements is rarely a full-time position. Instead, fleet management is often an additional, and sometimes unwanted, part of a much bigger HR, finance, or general management role. According to a recent Alphabet survey, this has led to nearly all (98%) small and medium fleet managers juggling fleet responsibilities on top of an already busy ‘day job’ and one in two feeling stressed when looking after 10-50 vehicle
AFP’s view is very much that this is being driven by financial factors that are completely out of the hands of the leasing suppliers involved but it does create problems that are not just about having to pay higher costs. For example, the increases may move vehicles between company car bands or mean that the lease rate exceeds employee entitlements
Platform independently monitors the driver journey and experience, providing feedback that loops back into a continuous improvement process. Using advanced sentiment analytics, the platform highlights areas of success and where service levels can be improved and provides CBVC Vehicle Management with a Net Promoter Score (NPS) which demonstrates how likely customers are to recommend the service.
The combination of high inflation, rising interest rates and the energy crisis are forecast to impact economic activity at the end of the year significantly. The recession is expected to last five quarters before a period of weak growth that will last until 2025. SOGO mobility is calling for fleet managers to consider greater use of flexible leasing that allows cars and LCVs to be leased on a monthly basis.
Fleet managers report that they’ve never seen prices move up so quickly, in many cases faster than they can easily track in order to keep their choice lists up to date. It is creating a situation where, if you manage to get a confirmed order for a vehicle, there is no guarantee you will receive it because a cancellation remains likely and, even if it does arrive after 9-12 months, there is a strong chance that the price will have risen markedly.
Since its launch last August, more than 10,000 employees are now signed up to the HMRC approved Pink Salary Exchange - which puts brand new electric cars in the reach of millions of employees. The amount customers pay includes maintenance, insurance and road tax, and with the deduction coming from an individual’s gross salary, instead of net, it reduces the real cost to the employee and saves National Insurance contributions.
