Increased uncertainty drives UK commercial vehicle operators towards flexible finance solutions

Demand for rented and leased commercial vehicles in the UK is increasing as operators look for flexible options during continuing economic uncertainty, new research from the British Vehicle Rental and Leasing Association has revealed. The 2020 Industry Outlook for Commercial Vehicles report charts the main challenges faced by end-user vehicle operators in the sector and provides insight into how difficulties are being overcome.

Increased uncertainty drives UK commercial vehicle operators towards flexible finance solutions

Jan 28, 2020

Demand for rented and leased commercial vehicles in the UK is increasing as operators look for flexible options during continuing economic uncertainty, new research from the British Vehicle Rental and Leasing Association has revealed. The 2020 Industry Outlook for Commercial Vehicles report charts the main challenges faced by end-user vehicle operators in the sector and provides insight into how difficulties are being overcome.

Fears new emission rules for vans could discourage fuel efficiency initiatives

New emission rules for vans could discourage fleets from adopting fuel-saving designs, experts warn. Under new WLTP legislation, which includes a standardised emissions test for commercial vehicles, converted and bodied chassis only have their frontal dimensions taken into account. This ignores any streamlining measures fitted by body builders, such as aerodynamic collars and bulkheads.

Fears new emission rules for vans could discourage fuel efficiency initiatives

Jan 28, 2020

New emission rules for vans could discourage fleets from adopting fuel-saving designs, experts warn. Under new WLTP legislation, which includes a standardised emissions test for commercial vehicles, converted and bodied chassis only have their frontal dimensions taken into account. This ignores any streamlining measures fitted by body builders, such as aerodynamic collars and bulkheads.

How electric vehicles could reshape the global leasing landscape

Environmental concerns have increasingly been driving the transition from internal combustion engines to electric vehicles and as climate change rises up the political agenda, old economic models may no longer be fit for purpose. More specifically, the linear economic model, which historically has relied on mineral extraction to produce goods with a limited lifespan, is now being superseded by the circular economy, where the focus is on extending the life of products, ensuring their reuse and recycling parts at the end of life to start the process again. In its report ‘The Road to Circularity’, consultancy PricewaterhouseCoopers argues that the circular economy model reflects nature’s biological cycle and creates closed loop material and energy cycles. Waste is a problem because it is seen as ‘value leakage’.

How electric vehicles could reshape the global leasing landscape

Dec 18, 2019

Environmental concerns have increasingly been driving the transition from internal combustion engines to electric vehicles and as climate change rises up the political agenda, old economic models may no longer be fit for purpose. More specifically, the linear economic model, which historically has relied on mineral extraction to produce goods with a limited lifespan, is now being superseded by the circular economy, where the focus is on extending the life of products, ensuring their reuse and recycling parts at the end of life to start the process again. In its report ‘The Road to Circularity’, consultancy PricewaterhouseCoopers argues that the circular economy model reflects nature’s biological cycle and creates closed loop material and energy cycles. Waste is a problem because it is seen as ‘value leakage’.

Europe

Unique alliance of retailers calls for sales targets to get more zero-emission trucks and vans on Europe’s roads

Dec 09, 2019

Global brands including Nestlé, Unilever, REWE Group and AB InBev have called for European leaders to impose sales targets on manufacturers for zero-emission trucks and vans to overcome a lack of supply. A letter signed by 30 businesses, haulier companies and associations, along with local authorities, has told incoming EU climate chief Frans Timmermans that binding sales targets are needed to overcome a lack of supply of clean vehicles. Without the targets, the EU’s ambitions for emission reductions are likely to fail, they warned.

Americas

Bogotá creates one of world’s largest electric bus fleets

Nov 25, 2019

Colombian capital Bogotá has ordered 379 electric buses from electric vehicle specialist BYD. They will be put to use on the city’s Transmilenio bus rapid transit (BRT) system and are due to begin operation in 2020, starting in the neighbourhoods of Usme and Fontibón in the south and west of the city respectively. Once operation begins, it will be largest electric bus fleet on the continent and among the biggest in the world.

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.