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According to reports by trade valuation guides, Glass’s Guide and CAP, the setting of residual values will become more difficult this year due to future uncertainties. Last year values increased as a result of the scrappage scheme, which removed cars from the system, fewer new cars were registered and more lease cars had their leases extended forcing up used car values in the middle of a recession because supply fell Read more »

Great news, Ford are dropping their prices! Hopefully this is just the start and we will see other manufacturers joining the party and we will start to see some lease rate drops! But hang on a minute, whilst they have dropped the price of some models by 10% – 12% isn’t this coinciding with the end of the scrappage scheme? I noticed a trend last year of manufacturers increasing their prices at a time of virtually Read more »

Government figures show that up to 1 million scrapped cars are still being driven on the road. Whilst 2 million motorists told the DVLA that their cars were being destroyed only half were issued with a Certificate of Destruction, the proof that a car has been destroyed. Dodgy dismantlers have been exploiting a legislation loophole whereby the DVLA doesn’t need to see the Certificate before it registers a car as Read more »

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 »

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 »

 As I recently suggested we are hearing from the car manufacturers and industry pundits that as the scrappage scheme comes to an end there will be a change in emphasis from retail car sales to fleet. Bonuses will return in order to bring fleet sales back up having dropped back by over 20% last year. Having said that I have seen no real evidence that we will have an avalanche of bonuses over the next few months but Read more »

 Whilst fleet sales were down last year retail sales were up as a result of the scrappage scheme and dealers that expected to make losses ended up making profits. This was the result of what could only be described as a total con trick. Retail buyers were convinced that giving up their old car to benefit from a £2,000 bonus from the Government and manufacturers was a good idea but stories were exchanged throughout the Read more »