Multi-bid vehicle funding clear winner, says fleet veteran Keith Allen

CBVC Vehicle Management recently announced the release of a whitepaper discussing the various methods of procuring business contract hire funding for vehicles, and the benefits and drawbacks of each method. Entitled ‘The Benefits of Multi-Bid Vehicle Funding’, the paper concluded that the multi-bid acquisition method is the clear winner in terms of cost savings and ease-of-administration. For fleet operators looking at contract hire as the primary funding approach, there are three ways to procure one:

Multi-bid vehicle funding clear winner, says fleet veteran Keith Allen

Oct 14, 2020

CBVC Vehicle Management recently announced the release of a whitepaper discussing the various methods of procuring business contract hire funding for vehicles, and the benefits and drawbacks of each method. Entitled ‘The Benefits of Multi-Bid Vehicle Funding’, the paper concluded that the multi-bid acquisition method is the clear winner in terms of cost savings and ease-of-administration. For fleet operators looking at contract hire as the primary funding approach, there are three ways to procure one:

“The new commute” sparks risk debate for fleets, says Association of Fleet Professionals

The rise of home working has stirred up a host of issues for fleets when it comes to classifying journeys, says the Association of Fleet Professionals (AFP). Namely, does an employee’s home now officially count as their place of work? This problem has been coined “The New Commute”, and as Paul Hollick (pictured above), chair of the AFP, explained: “If someone is working from home rather than the office then it raises the question of which is actually their place of work. This is important when it comes to both expenses and risk management. “For example, if someone now drives their own car to the office once a week, are they allowed to reclaim their travel costs using AMAP rates, as they would for any other business journey that they undertake?

“The new commute” sparks risk debate for fleets, says Association of Fleet Professionals

Oct 13, 2020

The rise of home working has stirred up a host of issues for fleets when it comes to classifying journeys, says the Association of Fleet Professionals (AFP). Namely, does an employee’s home now officially count as their place of work? This problem has been coined “The New Commute”, and as Paul Hollick (pictured above), chair of the AFP, explained: “If someone is working from home rather than the office then it raises the question of which is actually their place of work. This is important when it comes to both expenses and risk management. “For example, if someone now drives their own car to the office once a week, are they allowed to reclaim their travel costs using AMAP rates, as they would for any other business journey that they undertake?

LeasePlan shuts used car platform in UK as Arval steps in to fill the gap

LeasePlan’s used car platform, CarNext.com, is set to close operations in the UK as it’s underlying net result fell to -€16 million (-£14.6 million) in Q2 2020. This compares to -€11.6 million (-£10.59 million) in Q2 2019, representing a drop of 37.7%. Launched in the UK in 2018, the platform aimed to open up the LeasePlan’s ex-fleet cars to the public via outright purchase, lease or finance. While the platform will close its UK operations, it remains unaffected in another 20 countries worldwide keeping the company’s remarketing strategy alive. A LeasePlan spokesman explained: “We’re not selling cars anymore in the UK through CarNext. We’re currently in discussions about working closer together with BCA and Cinch, who are our long-term remarketing partners.”

LeasePlan shuts used car platform in UK as Arval steps in to fill the gap

Oct 07, 2020

LeasePlan’s used car platform, CarNext.com, is set to close operations in the UK as it’s underlying net result fell to -€16 million (-£14.6 million) in Q2 2020. This compares to -€11.6 million (-£10.59 million) in Q2 2019, representing a drop of 37.7%. Launched in the UK in 2018, the platform aimed to open up the LeasePlan’s ex-fleet cars to the public via outright purchase, lease or finance. While the platform will close its UK operations, it remains unaffected in another 20 countries worldwide keeping the company’s remarketing strategy alive. A LeasePlan spokesman explained: “We’re not selling cars anymore in the UK through CarNext. We’re currently in discussions about working closer together with BCA and Cinch, who are our long-term remarketing partners.”

Europe

Huge boost to eco-friendly vehicles as pandemic fuels uptake, says Arval Mobility Observatory

Sep 21, 2020

Interest in eco-friendly vehicles including hybrids, battery electric vehicles and plug-in hybrids has surged ahead among UK SMEs according to the latest research from the Arval Mobility Observatory. For example, so far in 2020, 37% of companies with fewer than 100 employees either already had battery electric vehicles, or plan to adopt them within the next three years compared with just 23% in 2019. Shaun Sadlier (pictured above), head of Arval Mobility Observatory in the UK, explained: “These results show that UK SMEs are now even more motivated to adopt electric vehicles, plug-in hybrids and hybrids than they were just 12 months ago.

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.