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Manheim, the large auction house and end of lease vehicle inspectors have identified over £12 million of end of lease damage charges over 90,000 inspections during 2009. 38% of the vehicles that were assessed had damage in excess of the British Vehicle Rental and Leasing Association fair wear and tear guidelines resulting in an average charge of £350 per vehicle, up by 14% on 2008. Some of this was blamed on Read more »

Good news for Saab lovers as it has been announced that GM finally agreed a deal with Spyker and that production on the new 9-5 has already begun with cars expected to appear in dealerships later this year. It has been a difficult time for existing owners, dealerships and the manufacturer’s staff but David Pugh of Saab GB now feels that all the problems are now behind them and the future is starting to look good.. They are looking forward to the release of the new 9-5 which will mark the re-launch of the brand. Good luck to them, Saab has been one of our most popular makes over the years and I’m pleased that they have been given another lease of life. By Graham Hill

It would seem that companies are more environmentally aware than private motorists. According to statistics issued last year, as part of Fleet News Intelligence Report, and more recently backed up by information from the British Vehicle Rental and Leasing Association (BVRLA), average CO2 emissions from cars put onto fleet leases dropped from 149.9g/km to 144 g/km following a drop of 9 percentage Read more »

As more companies understand the risk attached to allowing employees to drive their own cars on company business, many have decided to avoid the risk of the car not being in roadworthy condition or the driver driving a car that isn’t properly insured by renting cars as required. Avis have recognised this and has also turned its attention to businesses for its growth. They are not only targeting the large fleets but also Read more »

My view, over the last few weeks, that we will see some return to the fleet market by manufacturers, now struggling with sales, following the end of the scrappage scheme, seems to be substantiated as Skoda, Chevrolet and Renault have all stated in one week that they are aiming at the fleet market. Renault aims to increase its market share from 3.17% to 5% this year whilst Chevrolet launches an independent fleet sales Read more »

The new car market is in total confusion. As the extended scrappage scheme finally comes to an end I have predicted that the manufacturers will turn their attention to the fleet market and offer incentives to fleet buyers and leasing companies. Unfortunately experts don’t share my optimism, they feel that manufacturers will still be cautious and unlikely to offer more incentives than are already available with increased Read more »

Whilst the number of new cars fitted with Electronic Stability Control (ESC), also known as Electronic Stability Program (ESP), is increasing, following a push by inventors Bosch and the Association of Car Fleet Operators (ACFO), to inform car buyers of the benefits, more private buyers are having the safety device fitted than fleet buyers. Department for Transport research suggests ESC equipped vehicles are 25% less Read more »

From the 1^st April 2010 the new showroom tax is being introduced to severely penalise the most polluting cars. In addition the annual road fund licence (tax) increases also. In essence the showroom tax includes the first year’s road fund licence. The bandings run from A to M with A representing cars with CO2 emissions of less than 100 g/km with M representing cars emitting 265 g/km or more. For vehicles emitting Read more »

I am grateful to Jo Tacon, Editor of the journal Motor Finance for which I write a regular (and clearly the most popular) column. Jo forwarded a couple of articles that appeared in the Sun newspaper, written by Kelvin MacKenzie. In the articles he complains about the end of contract charges imposed upon him by Mercedes Benz Finance (MBF) after returning his end of lease car. The charge was £1,800 and I Read more »

Hindsight is great isn’t it? We can identify exactly where we went wrong and occasionally where we went right! When the recession started to bite, many businesses and individuals, who were leasing their cars and due to change, decided to extend their leases. Not such a bad thing if the lease was only 2 years in the first place but many of those that extended from 3 years to 4 years have maybe regretted that decision. And Read more »