Octopus Electric Vehicles is a specialist in the provision of salary sacrifice schemes to businesses. According to the British Vehicle and Leasing Association (BVRLA), salary sacrifice is the fastest growing funding method among leasing companies.
The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
Representing the interests of fleet operators in the UK, Paul and his team are uniquely placed to understand the key issues rising up the fleet agenda for 2022.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
Many factors converged to exert upward pressure on PM costs, such as longer vehicle service lives due to limited product availability; the ongoing transition to synthetic oils; and higher labor rates to attract scarce technicians.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer, causing repair spend to increase in 2021
Compact and mid-size electric vehicles (EVs) are now fully cost competitive with petrol and diesel cars across most European countries according to LeasePlan’s newly released 2021 Car Cost Index.
David Madrigal, executive vice president for Element Fleet Management, spoke with Automotive Fleet to discuss the fleet industry's current challenges during the COVID-19 pandemic and what the future may hold post-COVID.
Collaborating with industry leaders ChargePoint and Wex will simplify managing mixed fleets as clients transition from ICE to EV
There were a slew of OEM‐related ordering, production, and cancellation challenges. Throughout the model-year, there were large shifts in buildout times as well as a number of post‐buildout cancellations of accepted orders.
The Director of Fleet Strategy and Operations for Terminix was honored at the 2021 Fleet Visionary Awards ceremony at the 2021 AFLA Conference in San Antonio.
The commercial vehicle division of independent leasing company Zenith has appointed a trio of highly experienced executives. Zenith Commercial said the division now managed in excess of 50,000 commercial vehicles. Customers included firms in the food distribution, home shopping, parcel delivery, logistics, cash in transit, and construction and infrastructure-related services.
Zero emission vehicles took the biggest market share ever in the UK, recording 15.2% as 32,721 BEVs took to the road in September. The SMMT says that this record figures for electric cars reflects the wider range of models now available and the growing consumer appetite, adding that the September performance was just over 5,000 shy of the total number registered during the whole of 2019.
Climb inside the Work Truck version of the Silverado EV, the latest entry into the growing electric pickup market.
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