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Latest Leasing News

Fleets see a rise in downtime

Alongside new vehicle shortages, many parts have also been in short supply, although the picture is not consistent across all manufacturers and models. All of this has added up to a widespread increase in downtime for fleets and, to be honest, our only surprise from the research is that just 18% say they are affected. Our impression is that the problem is probably more prevalent

By |May 9th, 2024|

Companies turn to short term leases to address grey fleet challenges

Liquid Fleet says a short-term lease car makes sense as it provides a new or nearly new car in A1 condition that is adequately insured for business use. It gives peace of mind to managers that their employees who travel sporadically on company business are driving a well-maintained car which is something more difficult to manage when they use their own private car.

By |March 6th, 2024|

Parts availability and technician shortages improving in 2023

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.

By |November 28th, 2023|

Leases and warranties should align with new “real world” fleet replacement cycles

Fleet management software specialist FleetCheck said that cars across its user base are now generally being operated for close to five years compared to 3-4 previously, while vans have moved from around 5-6 to up to 7-8. Post-Covid shortages have meant most fleets have been forced to operate vehicles for much longer than originally planned and, in the process, have learnt that they can be safely and economically be operated on longer cycles.

By |September 18th, 2023|

Tusker enjoys record six months 

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.

By |July 10th, 2023|

Can EV sal sac mitigate effects of 40% tax trap?

Latest analysis from Fleet Evolution shows that an electric car leased through a salary sacrifice scheme can not only save income tax but it can, for employees with children, also help protect valuable childcare benefits. An employee with three children and earning £48,000 a year, would be earning an estimated £55,000 in 2027/28, based on average 5% annual pay increases. This will take them into the 40% tax band and means they lose 50% of their childcare benefit, roughly on average £120 a month, as this is index linked.

By |May 30th, 2023|

Fleets taking SMR back in-house

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.

By |May 15th, 2023|

SMR issues increasing fleet VOR time

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.

By |May 4th, 2023|

ULEZ expansion drives motorists towards flexible vehicle access models

RESEARCH from Churchill Expert, Direct Line Group’s flexible fleet insurance provider, reveals a quarter  of London based drivers whose current vehicle doesn’t comply with the emissions standards for the expanded Ultra Low Emission Zone (ULEZ) are planning to switch to a compliant model. 

By |April 26th, 2023|

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