The Best Car Finance Blog In The World

The Met Police has reported a 71% increase in drivers caught speeding in London during lockdown, while other forces saw a decrease in offences, new figures suggest.

The BBC reports that, according to a Freedom of Information (FOI) request submitted by the PA news agency, the Met Police issued 3,282 Traffic Offence Reports to drivers suspected of exceeding the limit in April, compared with 1,922 in April 2019.

London’s roadside cameras caught a further 14,736 people in April 2020 – the first full month of lockdown.

Speeding data obtained from other forces also showed areas reporting an increase in the number of drivers caught for speeding. Kent Police and Derbyshire Constabulary reported year-on-year rises, up 53% and 41% respectively.

Fleet News has reported how police forces across the UK have caught drivers speeding during the lockdown, with one driver breaking the legal limit by 81mph and another clocked doing 108mph in a 40mph zone.

However, the majority of forces who provided data to the most recent FOI request recorded an overall decrease, amid a reduction in traffic levels of around two-thirds as the lockdown was in full effect.

It showed that 13 forces did see an increase in the speed of the fastest drivers caught, including in Dyfed-Powys, North Yorkshire, Police Scotland and West Mercia.

In London, the highest speeds recorded during the lockdown were: 163mph on a 70mph road; 134mph on a 40mph road; 110mph on a 30mph road; and 73mph on a 20mph road.

In separate research, five forces – Northamptonshire, Gwent, Staffordshire, Kent and Humberside – all caught motorists driving at speeds in excess of 130mph on the motorway and three others – Police Scotland, the Met and Lancashire – recorded drivers at speeds in excess of 120mph.

Derbyshire’s fastest offender was clocked at 108mph, but that was on a stretch of the M1 with a 40mph limit – 68mph above the speed limit.

Det Supt Andy Cox of the Metropolitan Police told the BBC that many drivers caught speeding during the early weeks of lockdown did not expect officers to be patrolling near-deserted roads.

“Early on, for some people driving at extreme speeds, they would be really surprised to see us there,” he said. “They would actually come out and say ‘we thought you’d be busy dealing with Covid’.

“Maybe some people advantage because congestion was less and thought they’d get away with it.”

FLEETS WARNED

Licence Bureau says that the current reduction in traffic volumes, the incidents of speeding reported by police, and reduced driving activity for many employees combined with mounting economic business pressures, is creating a ‘perfect storm’ fleets need to pay special attention to.

Steve Pinchen, sales director at Licence Bureau, explained: “There is so much at play right now, but businesses really must ensure they do not drop the ball when it comes to legal compliance.

“Business driver road safety and duty of care, arguably more so now than ever, need to be at the top of the priority list for fleet operators.”

With employees returning from furlough, some of whom may not have driven for months, Pinchen argues that organisations have got to take a “pragmatic approach” by providing support and creating responsible cultures from individual drivers to senior management level.

The laws surrounding ‘driving for work’ include, amongst others, Corporate Manslaughter and Corporate Homicide Act 2007; Health and Safety at Work Act 1974; and Road Traffic Act 1988 & 1991.

Renown Consultants was ordered to pay £750,000 in fines and costs last month, after being found guilty of serious health and safety failings.

In the June digital edition of Fleet News, experts speculate police may have feared failure had they charged Renown Consultants with corporate manslaughter.

Pinchen said: “Legal compliance; health and safety; duty of care – they are all part of an organisation’s responsibilities.

“At any given moment, a business needs to be able to demonstrate that it has done everything reasonably possible to reduce risks.

“Even in the ‘new norm’ these laws remain unchanged and all organisations need to have a sharp focus on the task at hand as everyone starts to re-find their feet.”  By Graham Hill thanks to Fleet News

The clustering of electric vehicles (EVs) may already be more common than many people expect, applications to join the Electric Nation Vehicle to Grid (V2G) trial suggest. 

The project aims to demonstrate how V2G technology can provide a solution to potential electricity grid capacity issues as the numbers of EVs increase.

More than one in five (20%) of the applicants to the Electric Nation Vehicle to Grid trial already have two or more EVs at their property, and 48% are either likely or very likely to acquire a second EV in the future, or they have already ordered a second EV.

Although the Electric Nation Vehicle to Grid trial is currently only recruiting households with one EV, these figures show that numbers of EVs per household are rising alongside increasing nationwide EV adoption rates.

Charging an electric vehicle at home is equivalent to an extra house in terms of electricity demand.

With many households liking their electric car so much that they either already have a second EV or are considering getting one in the near future, this ‘clustering’ will place further load on the local electricity network.

However, by using V2G technology, EVs can put energy back into the grid at peak times, so reducing the need for extra electricity generation or network reinforcement.

Electric Nation – a project of Western Power Distribution (WPD), in partnership with CrowdCharge – is recruiting 100 Nissan EV owners in the WPD licence areas of the Midlands, South West and South Wales to take part in the trial of Vehicle to Grid smart charging technology. Currently, only Nissan EVs are able to be used for V2G charging due to their CHAdeMO technology.

One week after the Electric Nation V2G project was launched, 200 EV drivers had applied to join the project, and the following data had emerged:

• 95% of applicants have a Nissan LEAF, 5% have a Nissan e-NV200

• 20% of applicants currently have two EVs at their property

• 1% of applicants have more than two EVs at their property

• 3% of applicants with one EV have ordered a second EV

• 18% of applicants with one EV are very likely to acquire a second EV in the future

• 27% of applicants with one EV are likely to acquire a second EV in the future

• 41% of applicants with two EVs also had a Nissan LEAF as their second EV.

As well as many households having more than one EV, applicants are already taking action in the area of energy, with 45% having solar PV installed at their property, and 14% having a domestic stationary battery storage device.

With fleets, as the uptake of electric company cars increases due to favourable benefit-in-kind (BIK) tax bills and increasing vehicle availability, Fleet News looks at how will become more important for organisations to introduce charge points at workplaces.

The Electric Nation Vehicle to Grid trial is offering the free installation of V2G smart chargers worth £5,500 to Nissan electric vehicle (EV) drivers who live in the three WPD regions.

CrowdCharge is recruiting 100 people for the trial to help Distribution Network Operators (DNOs) and others to understand how V2G charging could work with their electricity networks.

The V2G trial follows the first Electric Nation project, which at the time was the world’s largest EV smart charging trial, providing real life insight into people’s habits when charging their vehicle.

The trial provided data from more than two million hours of car charging, revealing the user habits on timings of charge, where and for how long, as well as the impact of different tariffs.

By plugging in at specified times and putting energy back into the grid, active participants of the Electric Nation Vehicle to Grid project are expected to earn a minimum reward up to the monetary value of £120, available over the one-year trial period from March 2021 to March 2022. Recruitment is taking place from June 2020.

Trial applicants:

• Must be resident in the Western Power Distribution (WPD) licence area (Midlands, South West and South Wales)

• Must have a Nissan EV with a battery capacity of at least 30kWh or more

• Need to have the vehicle until the end of the trial (March 2022)

• Need to have off-road parking

• Will use the CrowdCharge mobile app to manage charging

• May need to switch to a new energy tariff if required by their assigned project energy supplier

• May need to have a new smart meter put in/updated as part of the project participation.

Although the application process for the Electric Nation Vehicle to Grid project is now open, the timescale for charger installations is subject to confirmation based on government advice in relation to Covid-19.  By Graham Hill thanks to Fleet News

Used car values for models less than two years old have dropped in June while prices for older, cheaper cars have risen, according to Cap HPI.

The average movement of five-year old cars is 1.2%, or £70, up during June, while 10-year old cars have increased by an unprecedented average of 5.7% or £140, at a time of the year when values invariably drop.

The overall price movement at the typical three-year, 60,000-mile fleet replacement point was an increase of 0.3%, the first average upward movement in June since 2009.

Values for younger vehicles dropped by 0.4% in the same period, however, they started to strengthen by June 15 as dealers became more active.

Derren Martin, head of valuations UK at cap hpi, said: “The strength of the used car market through June has taken even the most optimistic within the industry by surprise.

The question ‘how long does this carry on for?’ is one being asked far and wide at the moment, and there is no historical precedent to reference.

“Our Live valuation service will continue to track the market daily, and any fluctuations over the coming weeks will be reported real-time. As has happened in June, values for specific models can change in different directions over days or weeks, so keeping a close eye on daily valuations is essential at this time.”

Convertibles and cabriolets are among those that have been sought after, particularly models more than three-years-old.

While demand has been a significant factor in the average price movements, shortages of supply have also played their part says Cap HPI. The lack of new car activity has led to a shortfall in the numbers of part-exchanges being generated.

Logistics issues have also become a significant problem for the industry, with delivery lead times going from around 72-hours in early March to approximately 15-days in June.

Martin added: “Generally, the adage ‘what goes up must come down’  rings true with used car prices and is proven by movements in cap hpi used values over the years.

Once the current pent-up demand is exhausted and the supply chain gets back up to closer to full capacity, the market is likely to see volumes appear from lease and other finance extensions.

While this may not happen in July, it seems almost inevitable that the current strength is unsustainable and supply will at some point outweigh demand, maybe towards the end of the summer.”

Following the Coronavirus pandemic, fleet operators expect to have fewer cars and lower average mileages as the country faces severe economic decline. As the fleet sector curretly accouns for more than half of new car registrations, the knock on effect for the used market could be significant.  By Graham Hill thanks to Fleet News

A surge of unsafe vehicles are returning the UK’s roads as Coronavirus lockdown restrictions ease, warns Aviva.

It found that more than a quarter (28%) of drivers have not performed any checks on their vehicles at all throughout lockdown.

Aviva’s research into motorists’ attitudes to driving post-lockdown reveals there could be an increase in the number of potentially dangerous vehicles on roads, with many motorists forgoing vehicle safety checks in recent months.

More than two thirds of drivers have not checked their tyre treads (68%) or engine oil levels (68%). In addition, six out of 10 (60%) haven’t tested their tyre pressures and two thirds (67%) haven’t looked at their lights.

In contrast, almost half of drivers (43%) have ensured their vehicles have looked the part by cleaning them during this time.

Sarah Applegate, head of global strategy and insight at Aviva, said: “This latest research reveals motorists’ caution about driving as lockdown conditions ease. Drivers will inevitably be using their cars more often as restrictions lift and non-essential shops start to reopen, so they should prepare for this by ensuring their vehicles are up to scratch.

“To make sure our roads stay as safe as possible, drivers should carry out basic checks before they use their cars again. If people have any concerns about their vehicles, they should ask a professional mechanic to investigate, particularly before embarking on longer journeys.

“It’s also important for drivers to make sure their insurance policy suits their future driving needs. If people are likely to use their car significantly more or less post-lockdown, or drivers need to be added or removed from policies, they should inform their insurance provider so their cover can be updated.”

Since the start of lockdown, there have been five million fewer MOT tests carried out in April and May 2020 than in the same months last year.

Any motorists with an MOT test due from March 30 have automatically been given a six-month extension as part of the Coronavirus lockdown, leaving many cars, vans and motorcycles unchecked, potentially allowing unroadworthy vehicles to be driven.

Despite this, many drivers plan to take long journeys using their car as lockdown restrictions ease. One in five (20%) plan to use their car to travel to a holiday destination in another part of the UK in the next three months, while one in ten (10%) will use their car to drive to the countryside.

Ian Leonard, head of fleet operations at Yodel, advises all drivers to check their vehicles thoroughly before returning the road. By Graham Hill thanks to Fleet News

Hybrid cars, including mild-hybrid and plug-in, will be required if the Government is going to achieve it’s ambition of banning the sale of Internal Combustion Engine cars by 2035, says Ford of Britain chairman Graham Hoare.

Speaking at the Society of Motor Manufacturers and Traders’ (SMMT) International Automotive Summit Live 2020 online event, yesterday (June 23), Hoare said: “Given the size and scale of what we want to achieve in the UK, we will not see a shift from the internal combustion engine to all-electric vehicles in a single jump.

“Customer confidence is not ready for leap yet, and the cost gap between petrol or diesel and all-electric vehicles is still significant.

“This is why a range of bridging technologies from mild hybrids through to plug-in hybrids are essential, and why plug-in hybrids also should be considered as a viable technology well into the 2030s.”

He said there needs to be a joined-up, clear and consistent long-term, government-partnered strategy if the UK Government is to meet its target of only allowing the sale of zero emissions new vehicles in the 2030s timeframe.

The Partnership needs to include all key stakeholders – including UK and devolved governments and local authorities, vehicle manufacturers, energy providers and customers – if it is to be successful, according to Hoare.

“A successful future for the auto industry is dependent on achieving our longer-term objective of a zero emissions future – that is definitely the path we are on at Ford.

“However, we should be under no illusion that reaching this goal will require an unparalleled level of commitment and cooperation by a range of different stakeholders – government departments, local authorities, the auto industry, energy providers, and customers.

“We need government to partner with us and have joint equity in formulating and delivering a comprehensive and consistent strategy that encompasses all stakeholders and that provides a path to the future – a path that also encompasses a range of technologies, including mild hybrids, hybrids and plug-in hybrids on the route to zero emissions,” Hoare said.

He outlined the key considerations for a strategy in the UK, which includes; incentives, both for purchase and usage; a ‘quantum leap’ in infrastructure; a decision on what technologies will provide the required electrical power for charging; and a breadth of vehicles in the required volumes to meet consumer needs.

Hoare added: “We’ve seen recently at Ford what can be achieved when different stakeholders come together with a common purpose, namely working in partnership with a wide range of different partners in the VentilatorChallengeUK building ventilators for the NHS.

“We need a similar spirit of endeavour if we are to meet the electrification challenge – not a ‘can do’ attitude but a ‘will do’ determination. But time is short, and we must start today because tomorrow will be too late.” By Graham Hill thanks to Fleet News

BMW is launching a ‘digital key’ that will enable customers to use their iPhone to lock, unlock and drive their car.

The announcement, made at the Apple Worldwide Developer Conference on Tuesday, June 23, sees BMW become the first carmaker to enable its customers to use the iPhone as a fully digital car key.

The manufacturer says it will enable customers to “just tap to unlock and easily get going by placing the iPhone in the smartphone tray and pushing the start button”.

Setup of the Digital Key can be done through the BMW Smartphone App, it said.

The car owner can also share access with up to five other people, including a configurable car access option for young drivers which restricts top speed, horsepower, maximum radio volume and more.

Management of access can be done from inside the car as well as through Apple Wallet.

The technology will be available on a broad range of models: 1, 2, 3, 4, 5, 6, 8, X5, X6, X7, X5M, X6M and Z4 if manufactured after July 1st 2020.

Compatible iPhone models will be iPhone XR, iPhone XS or newer and Apple Watch Series 5 or newer.

BMW and Apple also announced a new feature that they say will make it easier for CarPlay users to take BMW electric vehicles (EVs) on longer journeys by automatically taking into account when and where to charge.

Drivers can plan their trip in advance on their iPhone or enter their destination through Apple CarPlay when they get into the car; either way, Apple Maps will pick the optimal route based on electric range and the locations of charging stations along the way. This feature will first be available for BMW in the fully electric BMW i4 launching next year.  By Graham Hill with the help of Fleet News

Something I’ve been predicting for years now looks likely to happen. It’s an obvious move for supermarkets to encourage customers to ‘Charge and Shop’ and encourage customers to shop out of peak hours in order to easily access chargers.

Engenie will install electric vehicle (EV) rapid chargers at 10 Brookhouse Group retail sites across the UK, as part of a new partnership.

The EV charging network will provide destination charging for customers visting large retail brands such as Sainsbury’s, Tesco, Argos, Next, Aldi, and M&S.

Mike Nuttall, property director at Brookhouse, said: “The way we travel is changing like never before and already we are seeing a wholesale shift towards electric mobility.

Customers will expect to be able to charge their vehicles wherever they shop, and our tenants will expect us to provide the infrastructure which enables them to do so.

Engenie’s convenient, easy to use and rapid chargers provide the perfect solution to attract the rapidly growing number of EV driving customers to our sites.”

Engenie covers all costs associated with installing and servicing the rapid charging points, eliminating the financial risk for Brookhouse.

The full rollout will see a total of 17 Engenie rapid chargers installed across ten sites throughout the UK. Seven charging sites, hosting a total of 13 rapid chargers, are already open to the public, with the remaining three sites expected to be completed before the end of the year.

The charging points will be located at the following sites:

• Meteor Shopping Park, Bournemouth
• Canal Road, Bradford
• Manchester Road Shopping Park, Stockport
• Queens Shopping Park, Preston
• Parsonage Retail Park, Leigh
• Barnfield Retail Park, Chichester
• Alexandra Retail Park, Oldham
• North Quay Retail Park, Lowestoft
• Cables Shopping Park, Prescot
• Hamilton Shopping Park, Hamilton

Customers can access Engenie’s rapid charge points without the need for membership or subscription. They operate on a contactless payment method. The chargers are compatible with every EV on the market today and can provide up to 80 miles of charge in 30 minutes, depending on the vehicle’s charging speed.

Patrick Sherriff, business development director at Engenie, said: “By ‘grabbing the grid’ and securing vital connections for rapid EV chargers before its competitors, Brookhouse is staying ahead of the curve, and positioning its sites as the go-to shopping destinations for EV drivers. 

What’s more, our partnership is further proliferating easy-to-use charging infrastructure across the UK, enabling thousands of customers to top up their vehicles while they shop at their favourite retail outlets with the simple tap of a smartphone or contactless card.”

This announcement is Engenie’s latest deal in the retail park sector, following previous announcements with Reef, M7, Northumberland Estates and more due to open this year. The company plans to double the number of rapid chargers in the UK by 2024.  By Graham Hill thanks to Fleet News

One in three people questioned say they are permanently planning to stop car-sharing, with two in five declaring that giving people a lift to work is now a thing of the past.

The results of the Motorpoint online poll suggest fears over Covid-19 could put pay to the arrangement for a significant minority of people.

That would result in passengers returning to public transport or more likely still, considering their fears over contagion, deciding to drive instead, with the potential for increased congestion.

The latest figures from the Department for Transport (DfT) show how low traffic levels fell at the start of the lockdown, but also reveal they starting to return to pre-lockdown levels.

During the first full day of lockdown (Tuesday, March 24), car use fell to less than half (44%) of the expected level. Light commercial vehicle (LCV) use stood at 55%, HGV use at 84%.

Three months later and the day after retail outlets were allowed to open for the first time on Monday, June 15, car use had risen, but was still only at 70%. Van use and HGV use had grown to 84% and 92%, respectively.

Mark Carpenter, chief executive officer of Motorpoint, said: “The results of our poll are clearly understandable given Covid-19 and definitely reflect the desire by people to maintain social distancing at all times when outside of their home, whether it’s travelling to work, visiting friends or simply popping to the shops for a loaf of bread and some milk.”  By Graham Hill thanks to Fleet News

I mentioned last week that along with Mercedes, who have already been found guilty in Germany for using ‘defeat devices’ Renault and Nissan are facing investigations and court action for allegedly doing similar things.

As I already mentioned when the VW scandal was exposed, all of us in the industry knew what was going on with all manufacturers doing similar things – VW just happened to be the one manufacturer that got caught.

The latest update: Renault and Nissan have been accused of emissions cheating by law firm Harcus Parker, which claims that up to 1.3 million cars could be fitted with a ‘defeat’ device.

Both manufacturers strongly deny the allegations.

London-based Harcus Parker says it has seen independent test data that suggests 700,000 Renaults and 600,000 Nissans in the UK made between 2009 and 2018 could be affected.

It includes around 100,000 1.2-litre petrol versions of the Qashqai, plus diesel-powered Note, Juke and X-Trail. Diesel versions of Renault’s Clio, Espace, Captur, Megane and Scenic are all named in the allegations too.

The allegations follow those recently made against Mercedes-Benz, which has co-developed come powertrains with the Renault Nissan Alliance.

Damon Parker, senior partner at Harcus Parker, said: “For the first time, we have seen evidence that car manufacturers may be cheating emissions tests of petrol, as well as diesel vehicles.

“We have written to Renault and Nissan to seek an explanation for these extraordinary results, but the data suggests to me that these vehicles, much like some VWs and Mercedes cars, know when they are being tested and are on their best behaviour then and only then.

“These are vehicles which could and should meet European air quality limits in normal use, but rather than spend a little more on research and development, Renault and Nissan appear to have gone down the same path as VW and Mercedes and decided to cheat the tests.”

The law firm says owners of the affected vehicles could be due up to £5,000 in compensation if the claim is successful.

Nissan said: “Nissan strongly refutes these claims. Nissan has not and does not employ defeat devices in any of the cars that we make, and all Nissan vehicles fully comply with applicable emissions legislation.”

Renault said: “All Renault vehicles are, and always have been, type-approved in accordance with the laws and regulations for all the countries in which they are sold and are not fitted with ‘defeat devices’.”  By Graham Hill thanks to Fleet News

Long-term changes to the way people work could result in more employees becoming grey fleet drivers.

As the lockdown is slowly lifted, employers are wrestling with what the ‘new normal’ might entail, including where staff will work in the future.

Millions of employees have been working from home during the pandemic and many expect that, with technologies like Miscrosoft Office Teams and Zoom allowing people to connect virtually, it’s a trend that will continue.

A Fleet News survey showed an overwhelming majority of fleet decision-makers – close to three-quarters (73.4%) – were working from home; one in 10 were dividing their working day between the office and home, and just 15.4% were still in the office full-time.

The latest picture will be revealed in the June digital edition of Fleet News, which will be published next week.

Meanwhile, a separate Fleet News poll suggested that for many, some two-thirds (68.1%) of respondents, working from home will become their ‘new normal’.

Paul Hollick, co-chair of the Association of Fleet Professionals (AFP), warns this could have significant consequences for fleets, with more employees joining the ranks of those that drive their car for work, the so-called grey fleet.

Employers have a legal obligation to ensure that grey fleet vehicles are reasonably safe to use, are fit for purpose and are lawfully on the road.

Companies also typically pay Approved Mileage Allowance Payments (AMAPs) to reimburse fuel used in the course of a work trip at 45p per mile.

“Grey fleet could become a bit of a battleground, because of Covid-19,” warned Hollick. “Employees won’t be office-based (in the future), they’ll be home-based, which means their contract of employment might be changed.

“If the employee is classed as home-based rather than office-based a journey from home to the office will then become a business trip.”

Furthermore, Hollick says that, with people wary of public transport, employees are turning to used vehicles in the sub-£3,000 bracket to stay mobile, which could end up being driven for work purposes. 

New figures from the Department for Transport (DfT) show how hard public transport has been hit. Journeys by national rail are 8% of typical levels and London tube use stands at just 14%.

During the first full day of lockdown (Tuesday, March 24), car use fell to less than half (44%) of the expected level. Light commercial vehicle (LCV) use stood at 55%, HGV use at 84%.

Three months later and the day after retail outlets were allowed to open for the first time on Monday, June 15, car use had risen, but was still only at 70%. Van use and HGV use had grown to 84% and 92%, respectively.

In line with Government advice to avoid public transport, cycling use has doubled during some weekdays and trebled at the weekend.  By Graham Hill thanks to Fleet News