UK government’s 2035 fleet decarbonisation goals unrealistic, warns BVRLA

The UK government’s plan to phase out the sale of new petrol, diesel and hybrid vehicles by 2035 has been deemed unrealistic by the British Vehicle Rental and Leasing Association (BVRLA). Due to the diversity of vehicles and business models in the fleet sector, setting a single date would be a mistake, says the association. It warned that while 2035 would be an achievable target for some segments of the market, it would be almost impossible for others. Instead, the BVRLA has urged policymakers to focus on these varying segments and provide support and appropriate phase-out targets for each vehicle use case.

UK government’s 2035 fleet decarbonisation goals unrealistic, warns BVRLA

Aug 05, 2020

The UK government’s plan to phase out the sale of new petrol, diesel and hybrid vehicles by 2035 has been deemed unrealistic by the British Vehicle Rental and Leasing Association (BVRLA). Due to the diversity of vehicles and business models in the fleet sector, setting a single date would be a mistake, says the association. It warned that while 2035 would be an achievable target for some segments of the market, it would be almost impossible for others. Instead, the BVRLA has urged policymakers to focus on these varying segments and provide support and appropriate phase-out targets for each vehicle use case.

Book Review from Bynx: Getting Fleet, Leasing and Mobility Back to Business

Bynx has published an e-book which provides expert views and strategies aimed at preparing fleet, vehicle leasing and mobility businesses for the post-COVID-19 era. It is the first attempt to navigate the fleet finance industry on the uncertain journey that lies ahead as the world begins to ease pandemic lockdown. The e-book also includes details about technology and fleet innovations that can support the transition for practitioners as the demands and requirements of their businesses will undoubtedly change in the new world.

Book Review from Bynx: Getting Fleet, Leasing and Mobility Back to Business

Jul 15, 2020

Bynx has published an e-book which provides expert views and strategies aimed at preparing fleet, vehicle leasing and mobility businesses for the post-COVID-19 era. It is the first attempt to navigate the fleet finance industry on the uncertain journey that lies ahead as the world begins to ease pandemic lockdown. The e-book also includes details about technology and fleet innovations that can support the transition for practitioners as the demands and requirements of their businesses will undoubtedly change in the new world.

BVRLA calls for “segmented approach” to UK’s 2032 zero-emission vehicle targets

The British Vehicle Rental and Leasing Association (BVRLA) has warned that the fleet market isn’t ready for a blanket ban on new petrol and diesel vehicles, amid proposals to outlaw them by 2032. The association was responding to the Committee on Climate Change’s 2020 Progress Report, which supports an accelerated timetable for decarbonising transport. The BVRLA says it can't support a zero-emission mandate that would force through change and instead it argues a more nuanced approached is needed.

BVRLA calls for “segmented approach” to UK’s 2032 zero-emission vehicle targets

Jul 10, 2020

The British Vehicle Rental and Leasing Association (BVRLA) has warned that the fleet market isn’t ready for a blanket ban on new petrol and diesel vehicles, amid proposals to outlaw them by 2032. The association was responding to the Committee on Climate Change’s 2020 Progress Report, which supports an accelerated timetable for decarbonising transport. The BVRLA says it can't support a zero-emission mandate that would force through change and instead it argues a more nuanced approached is needed.

Europe

Residual values improve for older cars as used car dealers adapt to new ways of working

Jun 26, 2020

Used car markets across Europe have shown strong signs of recovery as buyers return following the lifting of some lockdown restrictions, according to industry experts. Despite growing demand, it will take years to repair the damage from the market shutdown, with estimates suggesting dealers’ used car operations have suffered losses totalling €2.6 billion, according to market analysts Autovista. The countries that expect to come out of the crisis faster than others are Germany (with plans for a €130 billion economy incentive scheme that has just been announced), Poland, Czech Republic, the Netherlands and Slovakia.

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.