VEHICLE depreciation rates are at record levels as manufacturers react to inflation caused by rising global exchange rates and raise new car prices, according to Mark Norman, operational development manager at car pricing experts CAP. Following rises in used car values after the 2008 inspired credit crunch recession, a ‘rebasing’ of prices is now taking place.
Continue readingACFO is claiming victory in a five-year battle with HM Revenue & Customs that will see the taxman announce revisions to Advisory Fuel Rates effective from Wednesday (June 1). The UK’s premier organisation for fleet operators, which enjoys a close relationship with HM Revenue & Customs, has been pressing for significant changes to Advisory Fuel Rates since 2006 in its regular meetings with officials.
Continue readingTHE UK’s fleet industry is among those that has welcomed Government moves to slash ‘unnecessary red tape’. Roads Minister Mike Penning says that life is about to get easier for road users, businesses, and local authorities with more than 400 Whitehall road transport regulations placed on the Red Tape Challenge website – a Government-wide site aimed at reducing bureaucracy – for four weeks.
Continue readingHALFORDS is looking to dramatically expand its Autocentre service maintenance and repair network as it seeks national coverage to enhance business opportunities with the UK’s major fleet operators. The High Street group bought the 224 Nationwide Autocentre network for £73.2 million in February 2010 and this year has opened 16 new centres with a further 30 planned to start trading next year.
Continue readingA DROP of more than $10 a barrel in the cost of oil and a 4p-a-litre drop in the wholesale petrol price have so far barely dented average UK forecourt prices, according to the AA’s latest fuel price report.
Continue readingPOTHOLES on England’s roads could cost as much as £13 billion to repair after the recent bad winters, the Labour Party has warned. And the state of the roads is set to get even worse, with the survey of local authorities by Labour’s transport team also finding that nearly 73%
Continue readingMOTORISTS are being warned that the volcanic ash from an Icelandic eruption could damage vehicle paintwork. The ash particles, which started to spread across the UK earlier this week, are reported to be larger than those which fell across the country in April 2010, and car care experts at Autoglym are warning that the potential damage caused to car exterior surfaces is consequently
Continue readingFLEET operators are being advised to ensure that all vehicles used on business trips – including grey fleet cars – are listed on the Motor Insurance Database (MID), which is managed by the Motor Insurers’ Bureau (MIB).
Continue reading