Afternoon round-up: New van leasing firm, Van VED consultation, BCA Pulse latest

Van leasing company launched


Contract hire and leasing firm Intelligent Car Leasing has expanded by offering a van leasing division, Intelligent Van Leasing.

The Glasgow-based company said it decided to expand into the light commercial vehicle market following its success in the new car arena.

IVL said it is hoping to target both one-man-band van operators and small and medium businesses, offering contract hire and business leasing options.

IVL and ICL is funded by the same shareholders that run leasing company Fleet Alliance, but the firm said the companies are operated “completely separately”.

“We were increasingly being asked by business customers if we could provide light commercial vehicles at the same competitive rates as we provide new cars. It then seemed a logical extension of the business to establish our new Intelligent Van Leasing division,” said IVL sales manager, Marc Cooper.

Government launches van VED consultation

The Government has launched a consultation to reform VED rates for new vans in an attempt to provide greater incentives for people to lease or buy cleaner vehicles.

Currently, VED is charged at a flat rate of £250, but ministers want to create a graduated first year as is already in place.

According to the Treasury, 75% of vans purchased last year emitted 150g/km of CO2 or more, while only 0.4% were classed as ultra-low emission vehicles.

We want to help ‘white van man’ go green. We appreciate that buying a new van is a major investment for small businessmen and women and want to help make environmentally friendly choices more affordable,” said exchequer secretary to the Treasury, Robert Jenrick.

BCA Pulse latest

BCA Pulse record volumes drive the market in January

The headline average value of used cars sold at auction fell slightly by £84 during April to £9,584, according to the monthly BCA Pulse report.

BCA put the slight dip down to increasing dealer volumes during the month, but said year-on-year values were ahead by £494, or 5.4%.