Company Car Today

Huge increase in EV orders

Fleet Alliance has reported a surge in electric vehicle orders, with numbers increasing by 214% on the company’s 37,000-vehicle managed fleet over the past 12 months and up 5,000% since the start of 2018.

Electric vehicles now make up 15.2% of the company’s book, compared with 0.3% and 3.8% in 2018 and 2019 respectively, while the figures for the plug-in or ‘self-charging’ hybrids models have grown from 7.1% to 15.5% and 22.5% in the past three years. Diesel has gone from 58.5% of volume in 2018 to 26.3% last year.

“The increase in EV orders last year was at the expense of a fall in orders for PHEVs, which suggests that hybrid sales are starting to plateau while those of pure EVs are clearly accelerating,” said Fleet Alliance managing director Martin Brown.

The Tesla Model 3 accounted for more than 40% of the electric vehicle orders, ahead of the Kia e-Niro and Mercedes-Benz EQC on 9.1% and 8.0% respectively, while the top plug-in hybrids were the BMW 3-Series and Mercedes-Benz A-Class.

£93m in road upgrades confirmed

The Government has announced £93m in road upgrades for North Yorkshire, Hampshire and the Midlands, which it says will “boost connections between key economic hubs across the country while making journeys safer and more reliable for motorists”.

More than half of the money is going on an overhaul of the A59 in North Yorkshire, improving connections between Harrogate and Skipton by diverting traffic away from Kex Gill and removing traffic from nearby villages.

The West Midlands will get a £24m investment in reducing congestion at Birchley Island, widening the existing carriageway with additional lanes at the intersection of the M5, A4123 and A4034.

Hampshire’s £13m will upgrade the Redbridge Causeway bridges over the River Test, used by around 60,000 vehicles a day.

Lockdown 3 causes fall in used car values: Cap HPI

The latest nationwide lockdown has caused a fall in used car values, with Cap HPI’s Live technology calculating a 1.4% fall that equates to £150 per car at the three-year point.

Although retailers are reporting positive levels of trade considering the wider environment, Cap HPI said business levels are around 50-70% of January 2020, and the volumes of cars being sold through trade channels are at around 60% of usual levels.

“With many buyers on furlough and dealers all stocked up from December, in preparation for January, we now see retailers in less of a mood to buy as their stock isn’t flying off the forecourts in the quantities seen last year and there’s less of a need to dip into the trade to replenish it,” said Cap HPI head of valuations Derren Martin. “Uncertainty over when this lockdown will end and what happens immediately following that has also dampened their enthusiasm.”

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